Forum Merger II Corp Cl A (FMCI) Stock Technical Analysis
NASDAQ:FMCI - Nasdaq -
Overall FMCI gets a technical rating of 9 out of 10. In the last year, FMCI was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, FMCI did better than 96% of all other stocks. On top of that, FMCI also shows a nice and consistent pattern of rising prices.
FMCI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FMCI is lagging the market slightly.
In the last month FMCI has a been trading in the 16.07 - 28.64 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
FMCI has an average volume of 1726190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, FMCI also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 22.29, a Stop Loss order could be placed below this zone.
More info and screens
10.11
26.44
5 important support areas can be observed.
- A support zone ranging from 22.29 to 22.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 20.89 to 21.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.33 from a trend line in the daily time frame.
- Support @15.13 from a trend line in the weekly time frame.
- Support @10.21 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @26.18 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 | UP | POSITIVE | The long term trend for FMCI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FMCI is neutral. |
| ChartMill Relative Strength | 96.89 | POSITIVE | FMCI has a high relative strength, it outperformed 96.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FMCI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FMCI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FMCI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.52 | NEUTRAL | The RSI value for FMCI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests FMCI has a negative trend. |
| Stochastics (14,3) | 77.28 | NEUTRAL | The Stochastics value for FMCI is a neutral value. |
| Average True Range in percent/ATR (20) | 11.41 | HIGH VOLATILITY | The high ATR as a percentage value for FMCI suggests high volalility. |
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)
24.07
-2.11 (-8.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-8.06%
1 Week-1.23%
2 Weeks0.42%
1 Month-11.51%
3 Month67.39%
6 Month131.89%
12 Month138.08%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.19
ATR(20)%11.41%
ATR Inc-0.85%
Range Today2.73
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
CRS96.89
Mansfield6.16
10 Day High26.39
10 Day Low20.93
20 Day High28.64
20 Day Low16.07
52 Week High28.64
52 Week Low9.76
CS1 End22.29
CR1 Start26.18
Volume & EV
DER(3)0.34%
DER(5)0.15%
Volume2.91M
Volume Incr-24.15%
Vol(5)1.54M
Vol(50)1.73M