Forum Merger II Corp Cl A (FMCI) Technical Analysis
NASDAQ:FMCI
Current stock price
FMCI Technical Rating and Analysis
Taking everything into account, FMCI scores 9 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that FMCI is one of the better performing stocks in the market, outperforming 96% of all 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.
FMCI Weekly and Daily overview Charts
FMCI Setup Rating and Analysis
FMCI has an excellent technical rating and 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
FMCI Support and Resistance Analysis
10.11
We found 5 important support areas.
- 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.
We found 1 important resistance area.
- Resistance @26.18 from a horizontal line in the daily time frame.
FMCI 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 | 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. |
FMCI Chart- and CandleStick Pattern Analysis
FMCI Technicals: Chart, Performance Metrics, Trend & Indicators
24.07
-2.11 (-8.06%)
Forum Merger II Corp Cl A / FMCI TA FAQ
What is the technical rating for FMCI stock?
ChartMill assigns a technical rating of 8 / 10 to FMCI.
What is the current trend direction of Forum Merger II Corp Cl A (FMCI) stock?
The current trend direction for Forum Merger II Corp Cl A (FMCI) is Bullish.
What is the RSI signal for Forum Merger II Corp Cl A (FMCI) stock?
Forum Merger II Corp Cl A (FMCI) has an RSI value of 52.5213. This indicates that the stock is currently neutral.
What is the MACD signal for FMCI stock?
The MACD indicator for Forum Merger II Corp Cl A (FMCI) has a value of -0.0579825, indicating a bearish trend.
What is the support and resistance level for FMCI stock?
Forum Merger II Corp Cl A (FMCI) has a support level at 22.29 and a resistance level at 26.18. Check the full technical report for our detailed analysis of FMCI support and resistance levels.