FERGUSON ENTERPRISES INC (FERG) Stock Technical Analysis
NYSE:FERG • US31488V1070
Overall FERG gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FERG is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, FERG did better than 82% of all other stocks. We also observe that the gains produced by FERG over the past year are nicely spread over this period.
- FERG is part of the Trading Companies & Distributors industry. There are 50 other stocks in this industry. FERG outperforms 73% of them.
- FERG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month FERG has a been trading in the 246.64 - 271.64 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- FERG has an average volume of 1327790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
FERG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. 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
215.10
When analyzing the support we can see 4 important areas.
- Support @255.11 from a trend line in the daily time frame.
- Support @231.67 from a trend line in the daily time frame.
- A support zone ranging from 221.86 to 224.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @217.27 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @267.37 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 | UP | POSITIVE | The short term trend for FERG is up. |
| ChartMill Relative Strength | 82.18 | POSITIVE | FERG has a high relative strength, it outperformed 82.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FERG is above 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) | 55.14 | NEUTRAL | The RSI value for FERG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.67 | NEGATIVE | The MACD value suggests FERG has a negative trend. |
| Stochastics (14,3) | 61.85 | NEUTRAL | The Stochastics value for FERG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for FERG suggests some volalility. |
| Average Directional Index/ADX (14) | 26.28 | POSITIVE | The high ADX value value for FERG suggests a strong 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 |
|---|---|---|---|
| 267.38 | 255.10 | 12.28 (4.59%) | 21.77% |
| An entry @267.38. This is a Buy Stop order right above the resistance zone. | An exit @255.10. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 12.28 points, which is 4.59%. | When investing 21.77% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
260.76
-4.13 (-1.56%)
FERGUSON ENTERPRISES INC / FERG FAQ
What is the ChartMill technical rating of FERGUSON ENTERPRISES INC (FERG) stock?
ChartMill assigns a technical rating of 10 / 10 to FERG.
Can you provide the trend direction for FERGUSON ENTERPRISES INC?
The current trend direction for FERGUSON ENTERPRISES INC (FERG) is Bullish.
Can you provide the RSI signal for FERGUSON ENTERPRISES INC?
FERGUSON ENTERPRISES INC (FERG) has an RSI value of 55.1439. 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 positive.
Can you provide the support and resistance levels for FERGUSON ENTERPRISES INC?
FERGUSON ENTERPRISES INC (FERG) has a support level at 255.11 and a resistance level at 267.37. Check the full technical report for our detailed analysis of FERG support and resistance levels.