FLYE Technical Analysis - FLY-E GROUP INC

Technical Rating and Analysis

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.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, FLYE is a bad performer in the overall market: 100% of all stocks are doing better.

FLYE is part of the Automobiles industry. There are 37 other stocks in this industry, of which 83% are performing better than FLYE.

FLYE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month FLYE has a been trading in the 0.64 - 1.04 range, which is quite wide. It is currently trading near the lows of this range.

FLYE has an average volume of 2936480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

FLY-E GROUP INC / FLYE Weekly stock chart

FLY-E GROUP INC / FLYE Daily stock chart

Setup Rating and Analysis

FLYE has a bad 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. We notice that large players showed an interest for FLYE in the last couple of days, which is a good sign.

Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.69

0.79

When analyzing the resistance we notice one important area.

Resistance @0.78 from a horizontal line in the weekly time frame.

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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	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	0.38	NEGATIVE	FLYE has a low relative strength, it was outperformed by 99.62% 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)	34.09	NEUTRAL	The RSI value for FLYE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.09	POSITIVE	The MACD value suggests FLYE has a positive trend, although the MACD value is declining.
Stochastics (14,3)	6.26	OVERSOLD	The low Stochastics value suggests FLYE may be oversold.
Average True Range in percent/ATR (20)	12.5	HIGH VOLATILITY	The high ATR as a percentage value for FLYE suggests high volalility.
Average Directional Index/ADX (14)	33.04	POSITIVE	The high ADX value value for FLYE suggests a strong trend.