FULGENT GENETICS INC (FLGT) Stock Technical Analysis
USA - NASDAQ:FLGT - US3596641098 - Common Stock
Overall FLGT gets a technical rating of 6 out of 10. In the last year, FLGT was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
FLGT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 22.57, a Stop Loss order could be placed below this zone.
More info and screens
17.08
5 important support areas can be observed.
- A support zone ranging from 22.48 to 22.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.78 to 22.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.53 from a trend line in the weekly time frame.
- Support @18.35 from a trend line in the daily time frame.
- Support @17.25 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 23.74 to 23.97. 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 | 70.24 | POSITIVE | FLGT has a high relative strength, it outperformed 70.24% 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 | POSITIVE | The current price of FLGT is above 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) | 46.32 | NEUTRAL | The RSI value for FLGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests FLGT has a negative trend. |
| Stochastics (14,3) | 30.43 | NEUTRAL | The Stochastics value for FLGT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.98 | MEDIUM VOLATILITY | The ATR as a percentage value for FLGT suggests some volalility. |
| Average Directional Index/ADX (14) | 21.25 | NEUTRAL | The ADX value for FLGT suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 23.35 | 22.47 | 0.88 (3.77%) | 25.00% |
| An entry @23.35. This is a Buy Stop order right above the 10 day moving average. | An exit @22.47. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.88 points, which is 3.77%. | For a 0.94% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of FLGT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
22.58
-0.15 (-0.66%)
FULGENT GENETICS INC / FLGT FAQ
Can you provide the ChartMill technical rating for FULGENT GENETICS INC?
ChartMill assigns a technical rating of 6 / 10 to FLGT.
What is the trend direction for FLGT stock?
The current trend direction for FULGENT GENETICS INC (FLGT) is Bullish.
What is the RSI signal for FLGT stock?
FULGENT GENETICS INC (FLGT) has an RSI value of 46.3219. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FULGENT GENETICS INC?
The MACD indicator for FULGENT GENETICS INC (FLGT) has a value of -0.093358, indicating a bearish trend.
What are the support and resistance levels for FULGENT GENETICS INC (FLGT) stock?
FULGENT GENETICS INC (FLGT) has a support level at 22.57 and a resistance level at 23.74. Check the full technical report for our detailed analysis of FLGT support and resistance levels.