FIGS INC-CLASS A (FIGS) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:FIGS • US30260D1037
Taking everything into account, FIGS scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month FIGS has a been trading in the 10.26 - 12.50 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, FIGS did better than 94% of all other stocks. On top of that, FIGS also shows a nice and consistent pattern of rising prices.
- FIGS is part of the Textiles, Apparel & Luxury Goods industry. There are 45 other stocks in this industry. FIGS outperforms 97% of them.
- FIGS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FIGS is lagging the market slightly.
- FIGS has an average volume of 2442660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Besides having an excellent technical rating, FIGS also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 11.39. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.60, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FIGS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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8.45
4 important support areas can be observed.
- A support zone ranging from 10.60 to 10.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.04 from a trend line in the daily time frame.
- Support @8.76 from a trend line in the weekly time frame.
- Support @8.54 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 11.39 to 11.46. 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 12.15 to 12.20. 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 | DOWN | NEGATIVE | The short term trend for FIGS is down. |
| ChartMill Relative Strength | 94.95 | POSITIVE | FIGS has a high relative strength, it outperformed 94.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FIGS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of FIGS is below 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) | 38.16 | NEUTRAL | The RSI value for FIGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests FIGS has a negative trend. |
| Stochastics (14,3) | 17.55 | OVERSOLD | The low Stochastics value suggests FIGS may be oversold. |
| Average True Range in percent/ATR (20) | 4.86 | MEDIUM VOLATILITY | The ATR as a percentage value for FIGS suggests some volalility. |
| Average Directional Index/ADX (14) | 19.59 | NEGATIVE | The low ADX value for FIGS suggests a weak or negative 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 |
|---|---|---|---|
| 11.47 | 10.59 | 0.88 (7.67%) | 13.03% |
| An entry @11.47. This is a Buy Stop order right above the resistance zone. | An exit @10.59. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.88 points, which is 7.67%. | For a 1.00% total portfolio risk, you can invest 13.03% 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.
10.74
+0.13 (+1.23%)
FIGS INC-CLASS A / FIGS FAQ
Can you provide the ChartMill technical rating for FIGS INC-CLASS A?
ChartMill assigns a technical rating of 7 / 10 to FIGS.
What is the current trend direction of FIGS INC-CLASS A (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 38.1619. This indicates that the stock is currently neutral.
What is the MACD signal for FIGS stock?
The MACD indicator for FIGS INC-CLASS A (FIGS) has a value of -0.125799, indicating a bearish trend.
What are the support and resistance levels for FIGS INC-CLASS A (FIGS) stock?
FIGS INC-CLASS A (FIGS) has a support level at 10.6 and a resistance level at 11.39. Check the full technical report for our detailed analysis of FIGS support and resistance levels.