FERGUSON ENTERPRISES INC (FERG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FERG - US31488V1070 - Common Stock
Overall FERG gets a technical rating of 6 out of 10. In the last year, FERG was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
FERG has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 241.80, a Stop Loss order could be placed below this zone.
More info and screens
209.48
We found 3 important support areas.
- A support zone ranging from 237.55 to 245.78. 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.
We found 1 important resistance area.
- A resistance zone ranging from 249.33 to 254.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 72.56 | POSITIVE | FERG has a high relative strength, it outperformed 72.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FERG is above a declining 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) | 50.26 | NEUTRAL | The RSI value for FERG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests FERG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.65 | NEUTRAL | The Stochastics value for FERG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for FERG suggests some volalility. |
| Average Directional Index/ADX (14) | 18.82 | NEGATIVE | The low ADX value for FERG suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 249.34 | 237.01 | 12.33 (4.94%) | 20.22% |
| An entry @249.34. This is a Buy Stop order right above the 10 day moving average. | An exit @237.01. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 12.33 points, which is 4.94%. | For a 1.00% total portfolio risk, you can invest 20.22% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
245.8
-2.58 (-1.04%)
FERGUSON ENTERPRISES INC / FERG FAQ
What is the ChartMill technical rating of FERGUSON ENTERPRISES INC (FERG) stock?
ChartMill assigns a technical rating of 8 / 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 50.2561. 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 241.8 and a resistance level at 248.44. Check the full technical report for our detailed analysis of FERG support and resistance levels.