FULGENT GENETICS INC (FLGT) Technical Analysis
NASDAQ:FLGT • US3596641098
Current stock price
FLGT Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to FLGT. FLGT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, FLGT is a bad performer in the overall market: 90% of all stocks are doing better.
- FLGT is one of the lesser performing stocks in the Health Care Providers & Services industry. 73% of 100 stocks in the same industry do better.
- FLGT 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.
- In the last month FLGT has a been trading in the 14.23 - 16.92 range, which is quite wide. It is currently trading near the lows of this range.
FLGT Weekly and Daily overview Charts
FLGT Setup Rating and Analysis
The technical rating of FLGT 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
FLGT Support and Resistance Analysis
14.28
When analyzing the support we notice one important area.
- Support @14.42 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 16.67 to 16.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @20.45 from a trend line in the daily time frame.
- A resistance zone ranging from 24.83 to 24.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
FLGT Technical Indicator Signal Analysis
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 | 10.36 | NEGATIVE | FLGT has a low relative strength, it was outperformed by 89.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FLGT is below the rising 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) | DOWN | NEGATIVE | The current price of FLGT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.94 | NEUTRAL | The RSI value for FLGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests FLGT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 16.92 | OVERSOLD | The low Stochastics value suggests FLGT may be oversold. |
| Average True Range in percent/ATR (20) | 4.58 | MEDIUM VOLATILITY | The ATR as a percentage value for FLGT suggests some volalility. |
| Average Directional Index/ADX (14) | 27.54 | POSITIVE | The high ADX value value for FLGT suggests a strong trend. |
FLGT Chart- and CandleStick Pattern Analysis
FLGT Technicals: Chart, Performance Metrics, Trend & Indicators
15.3
+0.87 (+6.03%)
FULGENT GENETICS INC / FLGT TA 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.
What is the RSI signal for FULGENT GENETICS INC (FLGT) stock?
FULGENT GENETICS INC (FLGT) has an RSI value of 40.9386. This indicates that the stock is currently neutral.
What is the MACD signal for FULGENT GENETICS INC (FLGT) stock?
The MACD indicator for FULGENT GENETICS INC (FLGT) has a value of 0.134997, 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 14.42 and a resistance level at 16.67. Check the full technical report for our detailed analysis of FLGT support and resistance levels.