Taking everything into account, FMCN scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FMCN is showing a nice and steady performance.
Although FMCN has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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26.46
When analyzing the support we notice one important area.
- A support zone ranging from 26.73 to 27.33. 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 one important area.
- A resistance zone ranging from 27.43 to 27.53. This zone is formed by a combination of multiple trend lines 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 FMCN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FMCN is up. |
| ChartMill Relative Strength | 80.8 | POSITIVE | FMCN has a high relative strength, it outperformed 80.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FMCN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FMCN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FMCN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.99 | OVERBOUGHT | The high RSI value suggests FMCN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests FMCN has a negative trend, although the MACD value is rising. |
| Average True Range in percent/ATR (20) | 0.34 | LOW VOLATILITY | The low ATR as a percentage value for FMCN suggests low volalility. |
27.42
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Focus Media Holding Limited / FMCN FAQ
What is the technical rating for FMCN stock?
ChartMill assigns a technical rating of 10 / 10 to FMCN.
Can you provide the trend direction for Focus Media Holding Limited?
The current trend direction for Focus Media Holding Limited (FMCN) is Bullish.
Can you provide the RSI signal for Focus Media Holding Limited?
Focus Media Holding Limited (FMCN) has an RSI value of 70.9941. This indicates that the stock is currently overbought.
What is the short term momentum for FMCN stock?
The short term momentum for Focus Media Holding Limited (FMCN) is positive.
What is the buy/sell signal for Focus Media Holding Limited (FMCN) stock?
The buy/sell signal for Focus Media Holding Limited (FMCN) is buy as both the short term and long term trends are positive.