FIGS INC-CLASS A (FIGS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FIGS - US30260D1037 - Common Stock
We assign a technical rating of 10 out of 10 to FIGS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FIGS is showing a nice and steady performance.
FIGS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for FIGS in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
7.79
We found 3 important support areas.
- Support @11.41 from a horizontal line in the daily time frame.
- Support @8.20 from a trend line in the daily time frame.
- A support zone ranging from 7.87 to 7.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 FIGS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FIGS is up. |
| ChartMill Relative Strength | 96.47 | POSITIVE | FIGS has a high relative strength, it outperformed 96.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FIGS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FIGS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FIGS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.32 | OVERBOUGHT | The high RSI value suggests FIGS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests FIGS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 81.86 | OVERBOUGHT | The high Stochastics value suggests FIGS may be overbought. |
| Average True Range in percent/ATR (20) | 3.92 | MEDIUM VOLATILITY | The ATR as a percentage value for FIGS suggests some volalility. |
| Average Directional Index/ADX (14) | 51.16 | POSITIVE | The high ADX value value for FIGS suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 12.22 | 11.40 | 0.81 (6.67%) | 14.99% |
| An entry @12.21. This is a Buy Stop order right above the 10 day high. | An exit @11.40. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.81 points, which is 6.67%. | For a 1.00% total portfolio risk, you can invest 14.99% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
12.14
+0.41 (+3.5%)
FIGS INC-CLASS A / FIGS FAQ
Can you provide the ChartMill technical rating for FIGS INC-CLASS A?
ChartMill assigns a technical rating of 10 / 10 to FIGS.
What is the trend direction for FIGS stock?
The current trend direction for FIGS INC-CLASS A (FIGS) is Bullish.
What is the RSI signal for FIGS INC-CLASS A (FIGS) stock?
FIGS INC-CLASS A (FIGS) has an RSI value of 71.3164. This indicates that the stock is currently overbought.
Can you provide the short term momentum for FIGS INC-CLASS A?
The short term momentum for FIGS INC-CLASS A (FIGS) is positive.
What is the buy/sell signal for FIGS stock?
The buy/sell signal for FIGS INC-CLASS A (FIGS) is buy as both the short term and long term trends are positive.