FULGENT GENETICS INC (FLGT) Stock Technical Analysis
NASDAQ:FLGT • US3596641098
Taking everything into account, FLGT scores 1 out of 10 in our technical rating. FLGT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- FLGT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- When compared to the yearly performance of all other stocks, FLGT outperforms 59% of them, which is more or less in line with the market.
- FLGT is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry, FLGT did better than 63% of them.
- FLGT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FLGT is lagging the market.
FLGT has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 23.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.17, a Stop Loss order could be placed below this zone.
More info and screens
21.18
We found 4 important support areas.
- A support zone ranging from 22.95 to 23.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 22.32 to 22.39. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @21.78 from a horizontal line in the daily time frame.
- Support @21.39 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 23.19 to 23.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 26.88 to 27.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @28.06 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 FLGT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FLGT is down. |
| ChartMill Relative Strength | 59.24 | NEUTRAL | FLGT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FLGT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FLGT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FLGT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 28.6 | OVERSOLD | The low RSI value suggests FLGT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests FLGT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.08 | NEUTRAL | The Stochastics value for FLGT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.44 | MEDIUM VOLATILITY | The ATR as a percentage value for FLGT suggests some volalility. |
| Average Directional Index/ADX (14) | 31.3 | POSITIVE | The high ADX value value for FLGT suggests a strong trend. |
23.18
-0.09 (-0.39%)
FULGENT GENETICS INC / FLGT FAQ
Can you provide the ChartMill technical rating for FULGENT GENETICS INC?
ChartMill assigns a technical rating of 1 / 10 to FLGT.
Can you provide the trend direction for FULGENT GENETICS INC?
The current trend direction for FULGENT GENETICS INC (FLGT) is Bearish.
Can you provide the RSI signal for FULGENT GENETICS INC?
FULGENT GENETICS INC (FLGT) has an RSI value of 28.6025. This indicates that the stock is currently oversold.
What is the MACD signal for FLGT stock?
The MACD indicator for FULGENT GENETICS INC (FLGT) has a value of -0.0739293, indicating a bearish trend.
What is the short term momentum for FLGT stock?
The short term momentum for FULGENT GENETICS INC (FLGT) is negative.