FIG Technical Analysis - FIGMA INC-CL A

Technical Rating and Analysis

Taking everything into account, FIG scores 5 out of 10 in our technical rating. In the last year, FIG was one of the better performers, but we do observe some doubts in the very recent evolution.

FIG 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 FIG has a been trading in the 49.53 - 59.69 range, which is quite wide. It is currently trading near the lows of this range.

FIG is one of the better performing stocks in the Software industry, it outperforms 93% of 281 stocks in the same industry.

FIG has an average volume of 11330500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

When comparing the yearly performance of all stocks, we notice that FIG is one of the better performing stocks in the market, outperforming 97% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

FIG has an average technical rating and the quality of the presented setup is also not ideal at the moment. We see reduced volatility while prices have been consolidating in the most recent period.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

20.20

59.39

When analyzing the support we can see 5 important areas.

Support @51.90 from a horizontal line in the weekly time frame.
Support @50.29 from a horizontal line in the daily time frame.
Strong support @22.03 from a horizontal line in the daily time frame.
A support zone ranging from 20.88 to 21.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @20.40 from a horizontal line in the weekly time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 54.10 to 54.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @58.80 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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 FIG is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for FIG is down.
ChartMill Relative Strength	97.45	POSITIVE	FIG has a high relative strength, it outperformed 97.45% 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)	UP	MIXED	The current price of FIG is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of FIG is above the rising SMA(200).
Relative Strength Index/RSI (14)	42.63	NEUTRAL	The RSI value for FIG is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.37	NEGATIVE	The MACD value suggests FIG has a negative trend, although the MACD value is rising.
Stochastics (14,3)	13.53	OVERSOLD	The low Stochastics value suggests FIG may be oversold.
Average True Range in percent/ATR (20)	6.39	HIGH VOLATILITY	The high ATR as a percentage value for FIG suggests high volalility.
Average Directional Index/ADX (14)	16.2	NEGATIVE	The low ADX value for FIG suggests a weak or negative trend.