FGI INDUSTRIES LTD (FGI) Technical Analysis
NASDAQ:FGI • KYG3302D2024
Current stock price
FGI Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to FGI. In the last year, FGI was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Looking at the yearly performance, FGI did better than 96% of all other stocks. We also observe that the gains produced by FGI over the past year are nicely spread over this period.
- FGI is part of the Trading Companies & Distributors industry. There are 46 other stocks in this industry. FGI outperforms 100% of them.
- FGI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FGI is lagging the market slightly.
- In the last month FGI has a been trading in the 3.34 - 12.43 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
FGI Weekly and Daily overview Charts
FGI Setup Rating and Analysis
Although FGI has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
FGI Support and Resistance Analysis
3.33
We found 1 important support area.
- Support @3.36 from a horizontal line in the daily time frame.
FGI Technical Indicator Signal Analysis
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 FGI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FGI is up. |
| ChartMill Relative Strength | 96.07 | POSITIVE | FGI has a high relative strength, it outperformed 96.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FGI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FGI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FGI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.02 | NEUTRAL | The RSI value for FGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.66 | POSITIVE | The MACD value suggests FGI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.88 | NEUTRAL | The Stochastics value for FGI is a neutral value. |
| Average True Range in percent/ATR (20) | 17.41 | HIGH VOLATILITY | The high ATR as a percentage value for FGI suggests high volalility. |
| Average Directional Index/ADX (14) | 40.64 | POSITIVE | The high ADX value value for FGI suggests a strong trend. |
FGI Chart- and CandleStick Pattern Analysis
FGI Technicals: Chart, Performance Metrics, Trend & Indicators
7.7
-3.62 (-31.98%)
FGI INDUSTRIES LTD / FGI TA FAQ
Can you provide the ChartMill technical rating for FGI INDUSTRIES LTD?
ChartMill assigns a technical rating of 10 / 10 to FGI.
What is the trend direction for FGI stock?
The current trend direction for FGI INDUSTRIES LTD (FGI) is Bearish.
What is the RSI signal for FGI stock?
FGI INDUSTRIES LTD (FGI) has an RSI value of 60.0223. This indicates that the stock is currently neutral.
Can you provide the short term momentum for FGI INDUSTRIES LTD?
The short term momentum for FGI INDUSTRIES LTD (FGI) is positive.
What is the support and resistance level for FGI stock?
FGI INDUSTRIES LTD (FGI) has a support level at 3.36. Check the full technical report for our detailed analysis of FGI support and resistance levels.