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.
17.08
5 important support areas can be observed.
We found 1 important resistance area.
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. | 
22.58
-0.15 (-0.66%)
ChartMill assigns a technical rating of 6 / 10 to FLGT.
The current trend direction for FULGENT GENETICS INC (FLGT) is Bullish.
FULGENT GENETICS INC (FLGT) has an RSI value of 46.3219. This indicates that the stock is currently neutral.
The MACD indicator for FULGENT GENETICS INC (FLGT) has a value of -0.093358, indicating a bearish trend.
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.