FRANKLIN FTSE SOUTH AFRICA (FLZA) Stock Technical Analysis
USA - NYSEARCA:FLZA - US35473P5796 - ETF
19.575 USD
0 (0%)
Overall FLZA gets a technical rating of 0 out of 10. FLZA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
72% of all other stocks performed better in the past year than FLZA.
FLZA 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 FLZA has a been trading in the 19.38 - 20.54 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
Warning: FLZA has an average volume of 286 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, FLZA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. 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.
More info and screens
18.83
23.16
We found 1 important support 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.
When analyzing the resistance we notice 4 important areas.
- 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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSEARCA:FLZA (11/9/2023, 8:10:44 PM)
19.575
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week0.23%
2 Weeks0.38%
1 Month-2.9%
3 Month-8.46%
6 Month-5.46%
12 Month-16.15%
2 Year-19.71%
3 Year-8.74%
5 Year-25.91%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%0.55%
ATR Inc-100%
Range Today0
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.57
Mansfield-1.34
10 Day High19.58
10 Day Low19.46
20 Day High20.54
20 Day Low19.38
52 Week High25.2
52 Week Low19.02
CS1 End19.55
CR1 Start19.59
Volume & EV
DER(3)0%
DER(5)0%
Volume100
Volume Incr85.07%
Vol(5)620
Vol(50)286