We assign a technical rating of 4 out of 10 to FGI. FGI was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month FGI has a been trading in the 5.61 - 7.50 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Looking at the yearly performance, FGI did better than 83% of all other stocks.
- FGI is part of the Trading Companies & Distributors industry. There are 51 other stocks in this industry. FGI outperforms 74% of them.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- FGI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FGI is lagging the market.
- Considerably lower volume is observed in the last couple of days.
FGI has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 5.75, a Stop Loss order could be placed below this zone.
More info and screens
5.37
2 important support areas can be observed.
- A support zone ranging from 5.72 to 5.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.42 from a trend line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 6.12 to 6.13. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A resistance zone ranging from 6.48 to 6.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @7.18 from a horizontal line in the daily time frame.
- Resistance @8.66 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 | UP | POSITIVE | The long term trend for FGI is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FGI is down. |
| ChartMill Relative Strength | 83.32 | POSITIVE | FGI has a high relative strength, it outperformed 83.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FGI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FGI is below a declining 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) | 41.93 | NEUTRAL | The RSI value for FGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests FGI has a negative trend. |
| Stochastics (14,3) | 6.51 | OVERSOLD | The low Stochastics value suggests FGI may be oversold. |
| Average True Range in percent/ATR (20) | 8.19 | HIGH VOLATILITY | The high ATR as a percentage value for FGI suggests high volalility. |
| Average Directional Index/ADX (14) | 14.97 | NEGATIVE | The low ADX value for FGI suggests a weak or negative trend. |
5.77
-0.03 (-0.52%)
FGI INDUSTRIES LTD / FGI FAQ
Can you provide the ChartMill technical rating for FGI INDUSTRIES LTD?
ChartMill assigns a technical rating of 4 / 10 to FGI.
What is the trend direction for FGI stock?
The current trend direction for FGI INDUSTRIES LTD (FGI) is Bullish.
Can you provide the RSI signal for FGI INDUSTRIES LTD?
FGI INDUSTRIES LTD (FGI) has an RSI value of 41.9306. This indicates that the stock is currently neutral.
What is the MACD signal for FGI stock?
The MACD indicator for FGI INDUSTRIES LTD (FGI) has a value of -0.0947506, indicating a bearish trend.
Can you provide the buy/sell signal for FGI INDUSTRIES LTD?
The buy/sell signal for FGI INDUSTRIES LTD (FGI) is hold as the short term and long term trends are mixed.