FLORA GROWTH CORP (FLGC) Stock Technical Analysis
NASDAQ:FLGC - Nasdaq - CA3397642016 - Common Stock - Currency: USD
We assign a technical rating of 2 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, FLGC is a bad performer in the overall market: 88% of all stocks are doing better.
FLGC is one of the lesser performing stocks in the Personal Care Products industry. 73% of 35 stocks in the same industry do better.
FLGC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month FLGC has a been trading in the 0.58 - 0.72 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, FLGC does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
0.56
0.94
We found 3 important support areas.
- Support @0.61 from a trend line in the daily time frame.
- A support zone ranging from 0.59 to 0.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.57 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 0.64 to 0.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.68 to 0.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.71 from a horizontal line in the daily time frame.
- Resistance @0.93 from a trend line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for FLGC is neutral. |
| ChartMill Relative Strength | 12.71 | NEGATIVE | FLGC has a low relative strength, it was outperformed by 87.29% 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) | UP | MIXED | The current price of FLGC is below the rising 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) | 44.9 | NEUTRAL | The RSI value for FLGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests FLGC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 36.19 | NEUTRAL | The Stochastics value for FLGC is a neutral value. |
| Average True Range in percent/ATR (20) | 8.36 | HIGH VOLATILITY | The high ATR as a percentage value for FLGC suggests high volalility. |
| Average Directional Index/ADX (14) | 12.32 | NEGATIVE | The low ADX value for FLGC suggests a weak or negative 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)
0.6205
-0.01 (-1.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryPersonal Care Products
Performance
% Chg-1.66%
1 Week-9.42%
2 Weeks4.27%
1 Month-13.58%
3 Month15.23%
6 Month-35.36%
12 Month-42.55%
2 Year-76.13%
3 Year-95.13%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%8.36%
ATR Inc27.57%
Range Today0.05
ADR(20)0.05
ADR(20)%8.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.71
Mansfield-4.06
10 Day High0.72
10 Day Low0.58
20 Day High0.72
20 Day Low0.58
52 Week High2.11
52 Week Low0.42
CS1 End0.61
CR1 Start0.64
Volume & EV
DER(3)-15.43%
DER(5)-7.99%
Volume178.60K
Volume Incr32.74%
Vol(5)138.18K
Vol(50)129.34K