FIGS INC-CLASS A (FIGS) Stock Technical Analysis
NYSE:FIGS - US30260D1037 - Common Stock
6.83 USD
+0.23 (+3.48%)
6.83 USD
0 (0%)
Overall FIGS gets a technical rating of 8 out of 10. 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.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
FIGS is part of the Textiles, Apparel & Luxury Goods industry. There are 49 other stocks in this industry. FIGS outperforms 83% 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 2130540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, FIGS did better than 83% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month FIGS has a been trading in the 6.07 - 7.31 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FIGS has an excellent technical rating, but the quality of the setup is only medium 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
6.52
7.24
When analyzing the support we notice one important area.
- Support @6.59 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 7.13 to 7.17. 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 | NEUTRAL | NEUTRAL | The short term trend for FIGS is neutral. |
| ChartMill Relative Strength | 83.18 | POSITIVE | FIGS has a high relative strength, it outperformed 83.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FIGS is below 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) | 53.04 | NEUTRAL | The RSI value for FIGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests FIGS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.79 | NEUTRAL | The Stochastics value for FIGS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.55 | MEDIUM VOLATILITY | The ATR as a percentage value for FIGS suggests some volalility. |
| Average Directional Index/ADX (14) | 35.53 | POSITIVE | The high ADX value value for FIGS suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 7.18 | 6.58 | 0.60 (8.36%) | 11.97% |
| An entry @7.18. This is a Buy Stop order right above the resistance zone. | An exit @6.58. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.60 points, which is 8.36%. | When investing 11.97% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
6.83
+0.23 (+3.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg3.48%
1 Week-3.53%
2 Weeks-4.34%
1 Month6.72%
3 Month34.18%
6 Month42%
12 Month18.37%
2 Year15.76%
3 Year-17.21%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%4.55%
ATR Inc-16.84%
Range Today0.29
ADR(20)0.3
ADR(20)%4.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.18
Mansfield1.35
10 Day High7.24
10 Day Low6.5
20 Day High7.31
20 Day Low6.07
52 Week High7.31
52 Week Low3.57
CS1 End6.59
CR1 Start7.13
Volume & EV
DER(3)7.86%
DER(5)3.64%
Volume1.75M
Volume Incr-17.36%
Vol(5)1.86M
Vol(50)2.13M