FALCON MINERALS CORP (FLMN) Technical Analysis
NASDAQ:FLMN • US30607B1098
Current stock price
FLMN Technical Rating and Analysis
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 98% of 209 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.
FLMN Weekly and Daily overview Charts
FLMN Setup Rating and Analysis
Although FLMN has an excellent technical rating, it does not present a decent entry opportunity 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
FLMN Support and Resistance Analysis
4.24
When analyzing the support we can see 7 important areas.
- 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.
FLMN 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 | 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. |
FLMN Chart- and CandleStick Pattern Analysis
FLMN Technicals: Chart, Performance Metrics, Trend & Indicators
7.77
+0.04 (+0.52%)
FALCON MINERALS CORP / FLMN TA FAQ
What is the ChartMill technical rating of FALCON MINERALS CORP (FLMN) stock?
ChartMill assigns a technical rating of 10 / 10 to FLMN.
What is the trend direction for FLMN stock?
The current trend direction for FALCON MINERALS CORP (FLMN) is Bullish.
Can you provide the RSI signal for FALCON MINERALS CORP?
FALCON MINERALS CORP (FLMN) has an RSI value of 65.3495. This indicates that the stock is currently neutral.
What is the short term momentum for FALCON MINERALS CORP (FLMN) stock?
The short term momentum for FALCON MINERALS CORP (FLMN) is positive.
What is the buy/sell signal for FALCON MINERALS CORP (FLMN) stock?
The buy/sell signal for FALCON MINERALS CORP (FLMN) is buy as both the short term and long term trends are positive.