FGI Technical Analysis - FGI INDUSTRIES LTD

Technical Rating and Analysis

We assign a technical rating of 8 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 short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

FGI is part of the Trading Companies & Distributors industry. There are 50 other stocks in this industry. FGI outperforms 93% of them.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

When comparing the yearly performance of all stocks, we notice that FGI is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

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.

In the last month FGI has a been trading in the 3.52 - 12.62 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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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 offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.27

7.97

When analyzing the support we notice one important area.

Support @3.30 from a horizontal line in the daily 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	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	96.29	POSITIVE	FGI has a high relative strength, it outperformed 96.29% 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)	68.78	NEUTRAL	The RSI value for FGI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.47	POSITIVE	The MACD value suggests FGI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	48.45	NEUTRAL	The Stochastics value for FGI is a neutral value.
Average True Range in percent/ATR (20)	12.12	HIGH VOLATILITY	The high ATR as a percentage value for FGI suggests high volalility.
Average Directional Index/ADX (14)	31.42	POSITIVE	The high ADX value value for FGI suggests a strong trend.