FGL Technical Analysis - FOUNDER GROUP LTD-A

Technical Rating and Analysis

Taking everything into account, FGL scores 3 out of 10 in our technical rating. FGL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

100% of all other stocks performed better in the past year than FGL.

FGL is part of the Construction & Engineering industry. There are 52 other stocks in this industry, of which 74% are performing better than FGL.

In the last month FGL has a been trading in the 1.10 - 1.43 range, which is quite wide. It is currently trading near the lows of this range.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

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

FOUNDER GROUP LTD-A / FGL Weekly stock chart

FOUNDER GROUP LTD-A / FGL Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, FGL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.15, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.13

1.34

We found 1 important support area.

A support zone ranging from 1.14 to 1.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We can see 3 important resistance areas.

A resistance zone ranging from 1.23 to 1.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 1.26 to 1.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 1.31 to 1.33. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 FGL is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for FGL is neutral.
ChartMill Relative Strength	0	NEGATIVE	FGL has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of FGL is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of FGL is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of FGL is below a declining SMA(200).
Relative Strength Index/RSI (14)	46.46	NEUTRAL	The RSI value for FGL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests FGL has a negative trend.
Stochastics (14,3)	21.21	NEUTRAL	The Stochastics value for FGL is a neutral value.
Average True Range in percent/ATR (20)	10.27	HIGH VOLATILITY	The high ATR as a percentage value for FGL suggests high volalility.
Average Directional Index/ADX (14)	23.15	NEUTRAL	The ADX value for FGL suggests a possible start of a new trend.