FLEETMATICS GROUP PLC (FLTX) Technical Analysis
NYSE:FLTX
Current stock price
FLTX Technical Rating and Analysis
Taking everything into account, FLTX scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FLTX is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- FLTX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FLTX is lagging the market slightly.
- When compared to the yearly performance of all other stocks, FLTX outperforms 49% of them, which is more or less in line with the market.
- In the last month FLTX has a been trading in a tight range between 59.80 and 60.00.
FLTX Weekly and Daily overview Charts
FLTX Setup Rating and Analysis
FLTX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 60.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 59.95, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
FLTX Support and Resistance Analysis
37.10
When analyzing the support we can see 3 important areas.
- A support zone ranging from 59.83 to 59.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @51.22 from a trend line in the daily time frame.
- Support @37.47 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 60.00 to 60.06. This zone is formed by a combination of multiple trend lines in the daily time frame.
FLTX 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 FLTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FLTX is up. |
| ChartMill Relative Strength | 49.18 | NEUTRAL | FLTX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FLTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FLTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FLTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.9 | NEUTRAL | The RSI value for FLTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests FLTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.56 | NEUTRAL | The Stochastics value for FLTX is a neutral value. |
| Average True Range in percent/ATR (20) | 0.12 | LOW VOLATILITY | The low ATR as a percentage value for FLTX suggests low volalility. |
FLTX Chart- and CandleStick Pattern Analysis
FLTX Example Setup
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 |
|---|---|---|---|
| 60.07 | 59.84 | 0.23 (0.38%) | 25.00% |
| An entry @60.07. This is a Buy Stop order right above the resistance zone. | An exit @59.84. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.23 points, which is 0.38%. | For a 0.10% total portfolio risk, you can invest 25.00% 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.
FLTX Technicals: Chart, Performance Metrics, Trend & Indicators
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+0.1 (+0.17%)
FLEETMATICS GROUP PLC / FLTX TA FAQ
What is the ChartMill technical rating of FLEETMATICS GROUP PLC (FLTX) stock?
ChartMill assigns a technical rating of 7 / 10 to FLTX.
Can you provide the trend direction for FLEETMATICS GROUP PLC?
The current trend direction for FLEETMATICS GROUP PLC (FLTX) is Bullish.
What is the RSI signal for FLTX stock?
FLEETMATICS GROUP PLC (FLTX) has an RSI value of 63.9041. This indicates that the stock is currently neutral.
What is the MACD signal for FLTX stock?
The MACD indicator for FLEETMATICS GROUP PLC (FLTX) has a value of -0.0355728, indicating a bearish trend.
What is the short term momentum for FLTX stock?
The short term momentum for FLEETMATICS GROUP PLC (FLTX) is positive.