FRANKLIN FTSE SOUTH AFRICA (FLZA) Stock Technical Analysis
USA - NYSEARCA:FLZA - US35473P5796 - ETF
Overall FLZA gets a technical rating of 0 out of 10. FLZA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, FLZA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 19.59. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.55, a Stop Loss order could be placed below this zone.
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18.83
When analyzing the support we notice one important area.
- A support zone ranging from 19.02 to 19.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 19.59 to 20.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 20.59 to 20.62. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @22.18 from a trend line in the weekly time frame.
- Resistance @22.93 from a horizontal line in the daily time frame.
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 FLZA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FLZA is down. |
| ChartMill Relative Strength | 28.57 | NEGATIVE | FLZA has a low relative strength, it was outperformed by 71.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FLZA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FLZA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FLZA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.25 | NEUTRAL | The RSI value for FLZA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests FLZA has a positive trend. |
| Stochastics (14,3) | 65.28 | NEUTRAL | The Stochastics value for FLZA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.55 | LOW VOLATILITY | The low ATR as a percentage value for FLZA suggests low volalility. |
| Average Directional Index/ADX (14) | 12.91 | NEGATIVE | The low ADX value for FLZA suggests a weak or negative trend. |
NYSEARCA:FLZA (11/9/2023, 8:10:44 PM)
19.575
0 (0%)
FRANKLIN FTSE SOUTH AFRICA / FLZA FAQ
What is the ChartMill technical rating of FRANKLIN FTSE SOUTH AFRICA (FLZA) stock?
ChartMill assigns a technical rating of 0 / 10 to FLZA.
Can you provide the trend direction for FRANKLIN FTSE SOUTH AFRICA?
The current trend direction for FRANKLIN FTSE SOUTH AFRICA (FLZA) is Bearish.
Can you provide the RSI signal for FRANKLIN FTSE SOUTH AFRICA?
FRANKLIN FTSE SOUTH AFRICA (FLZA) has an RSI value of 45.2482. This indicates that the stock is currently neutral.
What is the MACD signal for FLZA stock?
The MACD indicator for FRANKLIN FTSE SOUTH AFRICA (FLZA) has a value of 0.0187439, indicating a bearish trend.
What is the short term momentum for FLZA stock?
The short term momentum for FRANKLIN FTSE SOUTH AFRICA (FLZA) is negative.