FLAME ACQUISITION CORP -CL A (FLME) Technical Analysis
NYSE:FLME • US33850F1084
Current stock price
FLME Technical Rating and Analysis
Taking everything into account, FLME scores 6 out of 10 in our technical rating. FLME has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- When comparing the yearly performance of all stocks, we notice that FLME is one of the better performing stocks in the market, outperforming 78% of all stocks.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- FLME is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FLME is lagging the market.
- In the last month FLME has a been trading in the 10.59 - 12.89 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FLME Weekly and Daily overview Charts
FLME Setup Rating and Analysis
FLME has an average technical rating and it also does not offer a high 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
FLME Support and Resistance Analysis
9.57
When analyzing the support we can see 6 important areas.
- A support zone ranging from 11.52 to 11.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.05 from a horizontal line in the weekly time frame.
- A support zone ranging from 10.66 to 10.66. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 10.31 to 10.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.10 from a horizontal line in the daily time frame.
- Support @9.67 from a horizontal line in the weekly time frame.
FLME 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 | NEUTRAL | NEUTRAL | The long term trend for FLME is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FLME is neutral. |
| ChartMill Relative Strength | 78.89 | POSITIVE | FLME has a high relative strength, it outperformed 78.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FLME is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FLME is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FLME is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.71 | NEUTRAL | The RSI value for FLME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests FLME has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.93 | NEUTRAL | The Stochastics value for FLME is a neutral value. |
| Average True Range in percent/ATR (20) | 4.31 | MEDIUM VOLATILITY | The ATR as a percentage value for FLME suggests some volalility. |
| Average Directional Index/ADX (14) | 33.01 | POSITIVE | The high ADX value value for FLME suggests a strong trend. |
FLME Chart- and CandleStick Pattern Analysis
FLME Technicals: Chart, Performance Metrics, Trend & Indicators
12.1
+0.1 (+0.83%)
FLAME ACQUISITION CORP -CL A / FLME TA FAQ
What is the ChartMill technical rating of FLAME ACQUISITION CORP -CL A (FLME) stock?
ChartMill assigns a technical rating of 6 / 10 to FLME.
Can you provide the trend direction for FLAME ACQUISITION CORP -CL A?
The current trend direction for FLAME ACQUISITION CORP -CL A (FLME) is Bearish.
What is the RSI signal for FLAME ACQUISITION CORP -CL A (FLME) stock?
FLAME ACQUISITION CORP -CL A (FLME) has an RSI value of 55.7086. This indicates that the stock is currently neutral.
What is the MACD signal for FLAME ACQUISITION CORP -CL A (FLME) stock?
The MACD indicator for FLAME ACQUISITION CORP -CL A (FLME) has a value of -0.0571858, indicating a bearish trend.
What are the support and resistance levels for FLAME ACQUISITION CORP -CL A (FLME) stock?
FLAME ACQUISITION CORP -CL A (FLME) has a support level at 11.72. Check the full technical report for our detailed analysis of FLME support and resistance levels.