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. Both in the recent history as in the last year, FIGS has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that FIGS is one of the better performing stocks in the market, outperforming 95% of all stocks.
- FIGS is part of the Textiles, Apparel & Luxury Goods industry. There are 45 other stocks in this industry. FIGS outperforms 95% of them.
- FIGS is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month FIGS has a been trading in the 11.02 - 12.50 range, which is quite wide. It is currently trading near the high of this range.
- FIGS has an average volume of 2659820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, FIGS also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 12.04, a Stop Loss order could be placed below this zone.
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8.34
When analyzing the support we can see 4 important areas.
- A support zone ranging from 11.82 to 12.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 11.27 to 11.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.66 from a trend line in the daily time frame.
- Support @8.42 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.34 to 12.34. 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 | 95.93 | POSITIVE | FIGS has a high relative strength, it outperformed 95.93% 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) | 66.64 | NEUTRAL | The RSI value for FIGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests FIGS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 87.95 | OVERBOUGHT | The high Stochastics value suggests FIGS may be overbought. |
| Average True Range in percent/ATR (20) | 3.43 | MEDIUM VOLATILITY | The ATR as a percentage value for FIGS suggests some volalility. |
| Average Directional Index/ADX (14) | 30.9 | 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 |
|---|---|---|---|
| 12.35 | 11.81 | 0.54 (4.37%) | 22.87% |
| An entry @12.35. This is a Buy Stop order right above the resistance zone. | An exit @11.81. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.54 points, which is 4.37%. | For a 1.00% total portfolio risk, you can invest 22.87% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of FIGS. Please evaluate whether better entry and exit points can be found.
- 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.
12.33
+0.03 (+0.24%)
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 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 66.6405. 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 -0.0127899, 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 12.04 and a resistance level at 12.34. Check the full technical report for our detailed analysis of FIGS support and resistance levels.