FLORA GROWTH CORP (FLGC) Stock Technical Analysis
NASDAQ:FLGC • CA3397643006
We assign a technical rating of 2 out of 10 to FLGC. Recently some decent action could be observed, but in the medium term time frame this is still negative. FLGC was also a bad performer in the overall market in the last year.
- 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: 92% of all stocks are doing better.
- FLGC is one of the lesser performing stocks in the Personal Care Products industry. 62% of 36 stocks in the same industry do better.
- FLGC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- In the last month FLGC has a been trading in the 5.86 - 13.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of FLGC 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.
More info and screens
6.20
When analyzing the support we notice one important area.
- Support @6.26 from a horizontal line in the daily 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 | 8.63 | NEGATIVE | FLGC has a low relative strength, it was outperformed by 91.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FLGC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FLGC is above 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) | 57.65 | NEUTRAL | The RSI value for FLGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests FLGC has a positive trend. |
| Stochastics (14,3) | 40.48 | NEUTRAL | The Stochastics value for FLGC is a neutral value. |
| Average True Range in percent/ATR (20) | 11.65 | HIGH VOLATILITY | The high ATR as a percentage value for FLGC suggests high volalility. |
| Average Directional Index/ADX (14) | 22.9 | NEUTRAL | The ADX value for FLGC suggests a possible start of a new trend. |
8.95
-2.02 (-18.41%)
FLORA GROWTH CORP / FLGC FAQ
Can you provide the ChartMill technical rating for FLORA GROWTH CORP?
ChartMill assigns a technical rating of 2 / 10 to FLGC.
Can you provide the trend direction for FLORA GROWTH CORP?
The current trend direction for FLORA GROWTH CORP (FLGC) is Bearish.
What is the RSI signal for FLORA GROWTH CORP (FLGC) stock?
FLORA GROWTH CORP (FLGC) has an RSI value of 57.6539. This indicates that the stock is currently neutral.
What is the short term momentum for FLGC stock?
The short term momentum for FLORA GROWTH CORP (FLGC) is neutral.
Can you provide the support and resistance levels for FLORA GROWTH CORP?
FLORA GROWTH CORP (FLGC) has a support level at 6.26. Check the full technical report for our detailed analysis of FLGC support and resistance levels.