FRANKLIN ELECTRIC CO INC (FELE) Stock Technical Analysis
NASDAQ:FELE - Nasdaq - US3535141028 - Common Stock - Currency: USD
Taking everything into account, FELE scores 5 out of 10 in our technical rating. In the past year, FELE was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, FELE is a bad performer in the overall market: 61% of all stocks are doing better.
FELE is one of the lesser performing stocks in the Machinery industry. 64% of 127 stocks in the same industry do better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month FELE has a been trading in the 88.63 - 97.08 range, which is quite wide. It is currently trading near the high of this range.
FELE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FELE is lagging the market.
Although the technical rating is only medium, FELE does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 92.53, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
83.16
107.88
When analyzing the support we can see 2 important areas.
- A support zone ranging from 90.88 to 92.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 84.00 to 84.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 94.44 to 95.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @99.07 from a trend line in the daily time frame.
- Resistance @106.81 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for FELE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FELE is up. |
| ChartMill Relative Strength | 39.22 | NEUTRAL | FELE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FELE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FELE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FELE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.01 | NEUTRAL | The RSI value for FELE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests FELE has a positive trend. |
| Stochastics (14,3) | 80.44 | OVERBOUGHT | The high Stochastics value suggests FELE may be overbought. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for FELE suggests some volalility. |
| Average Directional Index/ADX (14) | 16.76 | NEGATIVE | The low ADX value for FELE suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
94.43
-1.53 (-1.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-1.59%
1 Week2.25%
2 Weeks4.91%
1 Month2.89%
3 Month6.88%
6 Month-5.56%
12 Month-5.41%
2 Year-4.44%
3 Year3.97%
5 Year74.71%
10 Year227.2%
15 Year514.18%
Volatility
ATR(14)2.18
ATR(20)%2.18%
ATR Inc64.88%
Range Today2.86
ADR(20)2.06
ADR(20)%2.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS39.22
Mansfield-1.06
10 Day High97.08
10 Day Low89.57
20 Day High97.08
20 Day Low88.63
52 Week High111.94
52 Week Low78.87
CS1 End92.53
CR1 Start94.44
Volume & EV
DER(3)-0.58%
DER(5)2.67%
Volume315.20K
Volume Incr8.81%
Vol(5)338.63K
Vol(50)279.69K