FERGUSON ENTERPRISES INC (FERG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FERG - US31488V1070 - Common Stock
We assign a technical rating of 1 out of 10 to FERG. FERG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, FERG does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 227.09, a Stop Loss order could be placed below this zone.
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209.48
When analyzing the support we can see 2 important areas.
- A support zone ranging from 222.62 to 224.58. This zone is formed by a combination of multiple trend lines 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 251.01 to 254.14. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for FERG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FERG is down. |
| ChartMill Relative Strength | 76.19 | POSITIVE | FERG has a high relative strength, it outperformed 76.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FERG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FERG is below a declining 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) | 43.78 | NEUTRAL | The RSI value for FERG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests FERG has a positive trend. |
| Stochastics (14,3) | 33.27 | NEUTRAL | The Stochastics value for FERG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for FERG suggests some volalility. |
| Average Directional Index/ADX (14) | 27.47 | POSITIVE | The high ADX value value for FERG suggests a strong trend. |
226.01
-1.59 (-0.7%)
FERGUSON ENTERPRISES INC / FERG FAQ
What is the ChartMill technical rating of FERGUSON ENTERPRISES INC (FERG) stock?
ChartMill assigns a technical rating of 1 / 10 to FERG.
Can you provide the trend direction for FERGUSON ENTERPRISES INC?
The current trend direction for FERGUSON ENTERPRISES INC (FERG) is Bearish.
Can you provide the RSI signal for FERGUSON ENTERPRISES INC?
FERGUSON ENTERPRISES INC (FERG) has an RSI value of 43.7768. This indicates that the stock is currently neutral.
What is the short term momentum for FERGUSON ENTERPRISES INC (FERG) stock?
The short term momentum for FERGUSON ENTERPRISES INC (FERG) is negative.
Can you provide the support and resistance levels for FERGUSON ENTERPRISES INC?
FERGUSON ENTERPRISES INC (FERG) has a support level at 227.09 and a resistance level at 251.01. Check the full technical report for our detailed analysis of FERG support and resistance levels.