FERGUSON ENTERPRISES INC (FERG) Stock Technical Analysis
USA - NYSE:FERG - US31488V1070 - Common Stock
We assign a technical rating of 7 out of 10 to FERG. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FERG is only an average performer.
Besides having an excellent technical rating, FERG also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 238.11, a Stop Loss order could be placed below this zone.
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209.48
When analyzing the support we can see 3 important areas.
- A support zone ranging from 233.54 to 238.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @217.27 from a horizontal line in the daily time frame.
- A support zone ranging from 211.60 to 211.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 247.24 to 249.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @254.14 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for FERG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FERG is neutral. |
| ChartMill Relative Strength | 77.07 | POSITIVE | FERG has a high relative strength, it outperformed 77.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FERG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FERG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FERG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.38 | NEUTRAL | The RSI value for FERG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.95 | NEGATIVE | The MACD value suggests FERG has a negative trend. |
| Stochastics (14,3) | 35.39 | NEUTRAL | The Stochastics value for FERG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for FERG suggests some volalility. |
| Average Directional Index/ADX (14) | 31.89 | POSITIVE | The high ADX value value for FERG suggests a strong trend. |
242.8
-0.38 (-0.16%)
FERGUSON ENTERPRISES INC / FERG FAQ
What is the ChartMill technical rating of FERGUSON ENTERPRISES INC (FERG) stock?
ChartMill assigns a technical rating of 7 / 10 to FERG.
What is the trend direction for FERG stock?
The current trend direction for FERGUSON ENTERPRISES INC (FERG) is Bullish.
What is the RSI signal for FERG stock?
FERGUSON ENTERPRISES INC (FERG) has an RSI value of 48.3755. This indicates that the stock is currently neutral.
What is the support and resistance level for FERG stock?
FERGUSON ENTERPRISES INC (FERG) has a support level at 238.11 and a resistance level at 247.24. Check the full technical report for our detailed analysis of FERG support and resistance levels.