FIGMA INC-CL A (FIG) Stock Technical Analysis
NYSE:FIG • US3168411052
We assign a technical rating of 0 out of 10 to FIG. FIG'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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 100% of all other stocks performed better in the past year than FIG.
- FIG is part of the Software industry. There are 276 other stocks in this industry, of which 91% are performing better than FIG.
- FIG has an average volume of 9074170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month FIG has a been trading in the 19.85 - 30.26 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
The technical rating of FIG is bad and it also does not present a 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.
More info and screens
23.95
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 24.20 to 24.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 24.78 to 24.89. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for FIG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FIG is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | FIG 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 FIG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FIG is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 40.46 | NEUTRAL | The RSI value for FIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests FIG has a positive trend. |
| Stochastics (14,3) | 33.56 | NEUTRAL | The Stochastics value for FIG is a neutral value. |
| Average True Range in percent/ATR (20) | 7.97 | HIGH VOLATILITY | The high ATR as a percentage value for FIG suggests high volalility. |
| Average Directional Index/ADX (14) | 36.76 | POSITIVE | The high ADX value value for FIG suggests a strong trend. |
24.19
+1.09 (+4.72%)
FIGMA INC-CL A / FIG FAQ
What is the technical rating for FIG stock?
ChartMill assigns a technical rating of 0 / 10 to FIG.
What is the current trend direction of FIGMA INC-CL A (FIG) stock?
The current trend direction for FIGMA INC-CL A (FIG) is Bearish.
What is the RSI signal for FIGMA INC-CL A (FIG) stock?
FIGMA INC-CL A (FIG) has an RSI value of 40.4648. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FIGMA INC-CL A?
The MACD indicator for FIGMA INC-CL A (FIG) has a value of 0.386589, indicating a bearish trend.
What is the buy/sell signal for FIGMA INC-CL A (FIG) stock?
The buy/sell signal for FIGMA INC-CL A (FIG) is sell as both the short term and long term trends are negative.