FLAME ACQUISITION CL A -CW28 (FLM.W) Stock Technical Analysis
NYSE:FLM.W - New York Stock Exchange, Inc. -
Overall FLM.W gets a technical rating of 9 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, FLM.W is showing a nice and steady performance.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Both the short term and long term trends are positive. This is a very positive sign.
FLM.W is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so FLM.W is leading the market.
In the last month FLM.W has a been trading in the 1.90 - 3.33 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that FLM.W is one of the better performing stocks in the market, outperforming 99% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
FLM.W has an excellent technical rating, but the quality of the setup is only medium 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
2.48
2.81
We found 1 important support area.
- Support @2.51 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 FLM.W is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FLM.W is up. |
| ChartMill Relative Strength | 99.63 | POSITIVE | FLM.W has a high relative strength, it outperformed 99.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FLM.W is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FLM.W is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FLM.W is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.81 | NEUTRAL | The RSI value for FLM.W is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests FLM.W has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 61.8 | NEUTRAL | The Stochastics value for FLM.W is a neutral value. |
| Average True Range in percent/ATR (20) | 8.88 | HIGH VOLATILITY | The high ATR as a percentage value for FLM.W suggests high volalility. |
| Average Directional Index/ADX (14) | 37.46 | POSITIVE | The high ADX value value for FLM.W suggests a strong 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)
2.78
-0.11 (-3.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.81%
1 Week7.34%
2 Weeks11.2%
1 Month11.65%
3 Month405.46%
6 Month456%
12 Month208.92%
2 Year732.34%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%8.88%
ATR Inc132.5%
Range Today0.58
ADR(20)0.24
ADR(20)%8.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.63
Mansfield18.28
10 Day High3.33
10 Day Low2.3
20 Day High3.33
20 Day Low1.9
52 Week High3.33
52 Week Low0.24
CS1 End2.51
CR1 StartN/A
Volume & EV
DER(3)-4.59%
DER(5)-6.97%
Volume23.60K
Volume Incr-65.49%
Vol(5)34.60K
Vol(50)176.26K