FALCON MINERALS CORP (FLMN) Stock Technical Analysis
USA - NASDAQ:FLMN - US30607B1098 - Common Stock
7.77
+0.04 (+0.52%)
7.36
-0.41 (-5.28%)
Taking everything into account, FLMN scores 10 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, FLMN is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, FLMN did better than 98% of all other stocks. On top of that, FLMN also shows a nice and consistent pattern of rising prices.
FLMN is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 97% of 210 stocks in the same industry.
FLMN 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.
In the last month FLMN has a been trading in the 6.61 - 7.90 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although FLMN has an excellent technical rating, it 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
4.24
7.86
7 important support areas can be observed.
- A support zone ranging from 6.96 to 7.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.74 to 6.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.55 from a trend line in the weekly time frame.
- Support @5.22 from a trend line in the weekly time frame.
- Support @4.64 from a trend line in the daily time frame.
- Support @4.43 from a horizontal line in the weekly time frame.
- Support @4.28 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.78 to 7.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 FLMN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FLMN is up. |
| ChartMill Relative Strength | 98 | POSITIVE | FLMN has a high relative strength, it outperformed 98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FLMN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FLMN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FLMN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.35 | NEUTRAL | The RSI value for FLMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests FLMN has a positive trend. |
| Stochastics (14,3) | 90.79 | OVERBOUGHT | The high Stochastics value suggests FLMN may be overbought. |
| Average True Range in percent/ATR (20) | 4.16 | MEDIUM VOLATILITY | The ATR as a percentage value for FLMN suggests some volalility. |
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)
7.77
+0.04 (+0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.52%
1 Week6.58%
2 Weeks14.43%
1 Month2.37%
3 Month31.69%
6 Month73.05%
12 Month53.56%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%4.16%
ATR Inc-29.57%
Range Today0.16
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98
Mansfield4.96
10 Day High7.9
10 Day Low6.61
20 Day High7.9
20 Day Low6.61
52 Week High7.9
52 Week Low4.24
CS1 End7
CR1 Start7.78
Volume & EV
DER(3)6.66%
DER(5)4.56%
Volume525.20K
Volume Incr-11.87%
Vol(5)713.30K
Vol(50)766.10K