FGI INDUSTRIES LTD (FGI) Stock Technical Analysis
NASDAQ:FGI - Nasdaq - KYG3302D1034 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to FGI. In the past year, FGI was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month FGI has a been trading in the 3.20 - 5.50 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.
When comparing the yearly performance of all stocks, we notice that FGI is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
FGI is an average performer in the Trading Companies & Distributors industry, it outperforms 65% of 48 stocks in the same industry.
FGI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FGI is lagging the market slightly.
FGI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for FGI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.86
4.93
3 important support areas can be observed.
- Support @3.64 from a trend line in the daily time frame.
- A support zone ranging from 3.54 to 3.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.89 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @4.51 from a horizontal line in the daily time frame.
- Resistance @4.88 from a trend 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 | 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 | 81.29 | POSITIVE | FGI has a high relative strength, it outperformed 81.29% 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) | 52.13 | NEUTRAL | The RSI value for FGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests FGI has a negative trend. |
| Stochastics (14,3) | 40.32 | NEUTRAL | The Stochastics value for FGI is a neutral value. |
| Average True Range in percent/ATR (20) | 16.6 | HIGH VOLATILITY | The high ATR as a percentage value for FGI suggests high volalility. |
| Average Directional Index/ADX (14) | 36.86 | POSITIVE | The high ADX value value for FGI suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 4.52 | 3.63 | 0.89 (19.69%) | 5.08% |
| An entry @4.52. This is a Buy Stop order right above the resistance zone. | An exit @3.63. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.89 points, which is 19.69%. | For a 1.00% total portfolio risk, you can invest 5.08% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of FGI. Please evaluate whether better entry and exit points can be found.
- 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.
3.95
-0.55 (-12.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-12.22%
1 Week4.08%
2 Weeks-14.12%
1 Month18.98%
3 Month53.4%
6 Month-7.07%
12 Month-13.19%
2 Year-48.03%
3 Year-70.63%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.68
ATR(20)%16.6%
ATR Inc79.28%
Range Today1.09
ADR(20)0.63
ADR(20)%15.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.29
Mansfield-0.42
10 Day High4.89
10 Day Low3.45
20 Day High5.5
20 Day Low3.2
52 Week High5.5
52 Week Low2.28
CS1 End3.64
CR1 Start4.51
Volume & EV
DER(3)10.19%
DER(5)8.58%
Volume335.90K
Volume Incr-34.76%
Vol(5)136.70K
Vol(50)187.42K