We assign a technical rating of 0 out of 10 to FLGC. FLGC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
FLGC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
7.55
We found 1 important resistance area.
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 | DOWN | NEGATIVE | The long term trend for FLGC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FLGC is down. |
| ChartMill Relative Strength | 1.31 | NEGATIVE | FLGC has a low relative strength, it was outperformed by 98.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FLGC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FLGC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FLGC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.09 | NEUTRAL | The RSI value for FLGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests FLGC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 8.34 | OVERSOLD | The low Stochastics value suggests FLGC may be oversold. |
| Average True Range in percent/ATR (20) | 19.05 | HIGH VOLATILITY | The high ATR as a percentage value for FLGC suggests high volalility. |
| Average Directional Index/ADX (14) | 27.29 | POSITIVE | The high ADX value value for FLGC suggests a strong trend. |
7.63
-0.38 (-4.74%)
ChartMill assigns a technical rating of 0 / 10 to FLGC.
The current trend direction for FLORA GROWTH CORP (FLGC) is Bearish.
FLORA GROWTH CORP (FLGC) has an RSI value of 37.0857. This indicates that the stock is currently neutral.
The short term momentum for FLORA GROWTH CORP (FLGC) is negative.
The buy/sell signal for FLORA GROWTH CORP (FLGC) is sell as both the short term and long term trends are negative.