FL Technical Analysis - FOOT LOCKER INC

Technical Rating and Analysis

Taking everything into account, FL scores 2 out of 10 in our technical rating. FL was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.

79% of all other stocks performed better in the past year than FL.

In the last month FL has a been trading in the 24.01 - 26.99 range, which is quite wide. It is currently trading near the lows of this range.

FL 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 FL is lagging the market slightly.

FL has an average volume of 4233180 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.

FL is an average performer in the Specialty Retail industry, it outperforms 41% of 122 stocks in the same industry.

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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

The technical rating of FL is bad and it also does not present a quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

23.71

26.75

When analyzing the support we notice one important area.

A support zone ranging from 23.95 to 24.00. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 25.17 to 25.39. 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 26.42 to 26.49. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 FL is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for FL is down.
ChartMill Relative Strength	21.9	NEGATIVE	FL has a low relative strength, it was outperformed by 78.1% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of FL is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of FL is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of FL is above the rising SMA(200).
Relative Strength Index/RSI (14)	35.43	NEUTRAL	The RSI value for FL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.28	NEGATIVE	The MACD value suggests FL has a negative trend.
Stochastics (14,3)	2.06	OVERSOLD	The low Stochastics value suggests FL may be oversold.
Average True Range in percent/ATR (20)	2.66	MEDIUM VOLATILITY	The ATR as a percentage value for FL suggests some volalility.
Average Directional Index/ADX (14)	25.85	POSITIVE	The high ADX value value for FL suggests a strong trend.