FULGENT GENETICS INC (FLGT) Stock Technical Analysis
USA - NASDAQ:FLGT - US3596641098 - Common Stock
23.5 USD
-0.47 (-1.96%)
23.5 USD
0 (0%)
Taking everything into account, FLGT scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FLGT is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
FLGT is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 72% of 101 stocks in the same industry.
FLGT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
Looking at the yearly performance, FLGT did better than 85% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month FLGT has a been trading in the 21.75 - 24.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although FLGT has an excellent technical rating, the quality of the presented setup is not ideal 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
16.70
24.21
When analyzing the support we can see 5 important areas.
- A support zone ranging from 21.96 to 22.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.41 from a trend line in the weekly time frame.
- Support @18.24 from a trend line in the daily time frame.
- Support @17.25 from a horizontal line in the daily time frame.
- Support @16.87 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @23.97 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 | UP | POSITIVE | The long term trend for FLGT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FLGT is up. |
| ChartMill Relative Strength | 85.33 | POSITIVE | FLGT has a high relative strength, it outperformed 85.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FLGT is above the rising 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) | 60.41 | NEUTRAL | The RSI value for FLGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests FLGT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.46 | NEUTRAL | The Stochastics value for FLGT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for FLGT suggests some volalility. |
| Average Directional Index/ADX (14) | 23.47 | NEUTRAL | The ADX value for FLGT suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 23.98 | 22.08 | 1.90 (7.94%) | 12.59% |
| An entry @23.98. This is a Buy Stop order right above the resistance zone. | An exit @22.08. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.90 points, which is 7.94%. | When investing 12.59% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
23.5
-0.47 (-1.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-1.96%
1 Week3.25%
2 Weeks2.93%
1 Month6.33%
3 Month27.93%
6 Month24.47%
12 Month21.01%
2 Year-1.84%
3 Year-40.7%
5 Year-27.76%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.69
ATR(20)%3.06%
ATR Inc29.8%
Range Today0.88
ADR(20)0.71
ADR(20)%3.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.33
3 months CRS90.41
6 months CRS74.08
Mansfield0.95
10 Day High24.64
10 Day Low22.09
20 Day High24.64
20 Day Low21.75
52 Week High24.64
52 Week Low14.57
CS1 End22.99
CR1 Start23.97
Volume & EV
DER(3)1.49%
DER(5)1.15%
Volume234.10K
Volume Incr9.17%
Vol(5)240.20K
Vol(50)212.75K