Overall FLGT gets a technical rating of 8 out of 10. In the last year, FLGT was one of the better performers, but we do observe some doubts in the very recent evolution.
Although FLGT has an excellent technical rating, it does not offer a high 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.
17.08
We found 6 important support areas.
When analyzing the resistance we notice 2 important areas.
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 | DOWN | NEGATIVE | The short term trend for FLGT is down. |
| ChartMill Relative Strength | 89.47 | POSITIVE | FLGT has a high relative strength, it outperformed 89.47% off all stocks 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 | MIXED | The current price of FLGT is below the rising 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) | 38.68 | NEUTRAL | The RSI value for FLGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests FLGT has a negative trend. |
| Stochastics (14,3) | 12.17 | OVERSOLD | The low Stochastics value suggests FLGT may be oversold. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for FLGT suggests some volalility. |
| Average Directional Index/ADX (14) | 18.41 | NEGATIVE | The low ADX value for FLGT suggests a weak or negative trend. |
26.27
-0.22 (-0.83%)
ChartMill assigns a technical rating of 8 / 10 to FLGT.
The current trend direction for FULGENT GENETICS INC (FLGT) is Bullish.
FULGENT GENETICS INC (FLGT) has an RSI value of 38.6801. This indicates that the stock is currently neutral.
The MACD indicator for FULGENT GENETICS INC (FLGT) has a value of -0.22029, indicating a bearish trend.
The short term momentum for FULGENT GENETICS INC (FLGT) is negative.