Overall FLGT gets a technical rating of 10 out of 10. 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.
FLGT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
18.52
6 important support areas can be observed.
- Support @28.78 from a horizontal line in the daily time frame.
- A support zone ranging from 23.43 to 23.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 22.32 to 22.39. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @21.78 from a horizontal line in the daily time frame.
- Support @19.99 from a trend line in the weekly time frame.
- Support @18.71 from a trend 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 | 92.95 | POSITIVE | FLGT has a high relative strength, it outperformed 92.95% 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) | 66.27 | NEUTRAL | The RSI value for FLGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests FLGT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.24 | OVERBOUGHT | The high Stochastics value suggests FLGT may be overbought. |
| Average True Range in percent/ATR (20) | 4.21 | MEDIUM VOLATILITY | The ATR as a percentage value for FLGT suggests some volalility. |
| Average Directional Index/ADX (14) | 39.5 | POSITIVE | The high ADX value value for FLGT suggests a strong 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 |
|---|---|---|---|
| 31.05 | 28.77 | 2.28 (7.34%) | 13.62% |
| An entry @31.05. This is a Buy Stop order right above the 10 day high. | An exit @28.77. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.28 points, which is 7.34%. | For a 1.00% total portfolio risk, you can invest 13.62% of your capital in this trade. |
- 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.
29.58
-0.57 (-1.89%)
FULGENT GENETICS INC / FLGT FAQ
Can you provide the ChartMill technical rating for FULGENT GENETICS INC?
ChartMill assigns a technical rating of 10 / 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 66.2741. 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 0.0937289, 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 28.78. Check the full technical report for our detailed analysis of FLGT support and resistance levels.