FGI Technical Analysis - FGI INDUSTRIES LTD

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to FGI. Both in the recent history as in the last year, FGI has proven to be a steady performer, scoring decent points in every aspect analyzed.

FGI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month FGI has a been trading in the 3.88 - 12.62 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.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

FGI is part of the Trading Companies & Distributors industry. There are 49 other stocks in this industry. FGI outperforms 87% of them.

When comparing the yearly performance of all stocks, we notice that FGI is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this relatively good performance is mostly due to a recent big move.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

FGI INDUSTRIES LTD / FGI Weekly stock chart

FGI INDUSTRIES LTD / FGI Daily stock chart

Setup Rating and Analysis

Although FGI has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.03

7.94

We found 2 important support areas.

A support zone ranging from 4.84 to 4.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @4.07 from a trend line in the daily time frame.

When analyzing the resistance we notice one important area.

Resistance @7.86 from a trend line in the weekly time frame.

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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	UP	POSITIVE	The long term trend for FGI is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for FGI is neutral.
ChartMill Relative Strength	88.55	POSITIVE	FGI has a high relative strength, it outperformed 88.55% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of FGI is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of FGI is below 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)	42.53	NEUTRAL	The RSI value for FGI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.22	NEGATIVE	The MACD value suggests FGI has a negative trend.
Stochastics (14,3)	12.95	OVERSOLD	The low Stochastics value suggests FGI may be oversold.
Average True Range in percent/ATR (20)	24.46	HIGH VOLATILITY	The high ATR as a percentage value for FGI suggests high volalility.
Average Directional Index/ADX (14)	31.41	POSITIVE	The high ADX value value for FGI suggests a strong trend.