FLY-E GROUP INC (FLYE) Stock Technical Analysis
NASDAQ:FLYE • US3439273075
Taking everything into account, FLYE scores 0 out of 10 in our technical rating. FLYE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 98% of all other stocks performed better in the past year than FLYE.
- FLYE is part of the Automobiles industry. There are 35 other stocks in this industry, of which 76% are performing better than FLYE.
- FLYE is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month FLYE has a been trading in the 2.12 - 7.06 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Considerably lower volume is observed in the last couple of days.
The technical rating of FLYE is bad and it also does not present a 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
2.24
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 | DOWN | NEGATIVE | The long term trend for FLYE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FLYE is down. |
| ChartMill Relative Strength | 2.03 | NEGATIVE | FLYE has a low relative strength, it was outperformed by 97.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FLYE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FLYE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FLYE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 24.93 | OVERSOLD | The low RSI value suggests FLYE may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests FLYE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 2.22 | OVERSOLD | The low Stochastics value suggests FLYE may be oversold. |
| Average True Range in percent/ATR (20) | 30.67 | HIGH VOLATILITY | The high ATR as a percentage value for FLYE suggests high volalility. |
| Average Directional Index/ADX (14) | 30.89 | POSITIVE | The high ADX value value for FLYE suggests a strong trend. |
2.26
-0.16 (-6.61%)
FLY-E GROUP INC / FLYE FAQ
What is the ChartMill technical rating of FLY-E GROUP INC (FLYE) stock?
ChartMill assigns a technical rating of 0 / 10 to FLYE.
What is the current trend direction of FLY-E GROUP INC (FLYE) stock?
The current trend direction for FLY-E GROUP INC (FLYE) is Bearish.
What is the RSI signal for FLY-E GROUP INC (FLYE) stock?
FLY-E GROUP INC (FLYE) has an RSI value of 24.9273. This indicates that the stock is currently oversold.
What is the short term momentum for FLYE stock?
The short term momentum for FLY-E GROUP INC (FLYE) is negative.
What is the buy/sell signal for FLYE stock?
The buy/sell signal for FLY-E GROUP INC (FLYE) is sell as both the short term and long term trends are negative.