Taking everything into account, FLY scores 6 out of 10 in our technical rating. FLY has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- When comparing the yearly performance of all stocks, FLY is a bad performer in the overall market: 100% of all stocks are doing better.
- FLY is one of the lesser performing stocks in the Aerospace & Defense industry. 88% of 73 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- FLY has an average volume of 3134630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month FLY has a been trading in the 21.62 - 34.37 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FLY has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 29.12, a Stop Loss order could be placed below this zone.
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20.79
We found 2 important support areas.
- A support zone ranging from 28.77 to 29.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.00 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @32.61 from a trend line in the daily time frame.
- A resistance zone ranging from 33.41 to 33.41. 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 FLY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FLY is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | FLY has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FLY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FLY is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 54.9 | NEUTRAL | The RSI value for FLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests FLY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.24 | NEUTRAL | The Stochastics value for FLY is a neutral value. |
| Average True Range in percent/ATR (20) | 10.29 | HIGH VOLATILITY | The high ATR as a percentage value for FLY suggests high volalility. |
| Average Directional Index/ADX (14) | 26.76 | POSITIVE | The high ADX value value for FLY suggests a strong trend. |
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 |
|---|---|---|---|
| 32.62 | 28.76 | 3.86 (11.83%) | 8.45% |
| An entry @32.62. This is a Buy Stop order right above the resistance zone. | An exit @28.76. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.86 points, which is 11.83%. | For a 1.00% total portfolio risk, you can invest 8.45% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of FLY. Please evaluate whether better entry and exit points can be found.
- 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.
29.13
-1.79 (-5.79%)
FIREFLY AEROSPACE INC / FLY FAQ
Can you provide the ChartMill technical rating for FIREFLY AEROSPACE INC?
ChartMill assigns a technical rating of 6 / 10 to FLY.
What is the current trend direction of FIREFLY AEROSPACE INC (FLY) stock?
The current trend direction for FIREFLY AEROSPACE INC (FLY) is Bullish.
Can you provide the RSI signal for FIREFLY AEROSPACE INC?
FIREFLY AEROSPACE INC (FLY) has an RSI value of 54.8998. This indicates that the stock is currently neutral.
What is the MACD signal for FLY stock?
The MACD indicator for FIREFLY AEROSPACE INC (FLY) has a value of 0.0117185, indicating a bearish trend.
What is the support and resistance level for FLY stock?
FIREFLY AEROSPACE INC (FLY) has a support level at 29.12 and a resistance level at 32.61. Check the full technical report for our detailed analysis of FLY support and resistance levels.