FULGENT GENETICS INC (FLGT) Stock Technical Analysis
NASDAQ:FLGT - Nasdaq - US3596641098 - Common Stock - Currency: USD
Overall FLGT gets a technical rating of 5 out of 10. FLGT has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
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.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the performance of all stocks over the past year, FLGT turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
FLGT is part of the Health Care Providers & Services industry. There are 103 other stocks in this industry, FLGT did better than 62% 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 only a medium 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 very little resistance above the current price. There is a support zone below the current price at 19.65, a Stop Loss order could be placed below this zone.
More info and screens
16.70
22.03
When analyzing the support we can see 3 important areas.
- A support zone ranging from 19.15 to 20.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.79 from a trend line in the daily time frame.
- A support zone ranging from 16.87 to 16.91. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- Resistance @20.97 from a trend line in the weekly time frame.
- A resistance zone ranging from 21.43 to 21.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 FLGT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FLGT is neutral. |
| ChartMill Relative Strength | 51.5 | 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) | UP | POSITIVE | The current price of FLGT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of FLGT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.03 | NEUTRAL | The RSI value for FLGT is a neutral value. |
| 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) | 40.16 | NEUTRAL | The Stochastics value for FLGT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for FLGT suggests some volalility. |
| Average Directional Index/ADX (14) | 15.44 | NEGATIVE | The low ADX value for FLGT 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)
20.06
-0.04 (-0.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.2%
1 Week2.35%
2 Weeks-1.18%
1 Month-5.78%
3 Month18.98%
6 Month6.93%
12 Month2.24%
2 Year-48.34%
3 Year-66.43%
5 Year-23.87%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%3.01%
ATR Inc-38.52%
Range Today0.26
ADR(20)0.59
ADR(20)%2.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.5
Mansfield-0.62
10 Day High20.55
10 Day Low19.01
20 Day High22.12
20 Day Low19.01
52 Week High25.11
52 Week Low14.57
CS1 End19.65
CR1 Start21.08
Volume & EV
DER(3)-1.04%
DER(5)0.61%
Volume87.70K
Volume Incr-9.62%
Vol(5)217.28K
Vol(50)305.58K