FME Technical Analysis - FRESENIUS MEDICAL CARE AG

Technical Rating and Analysis

Taking everything into account, FME scores 7 out of 10 in our technical rating. Although FME has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

Looking at the yearly performance, FME did better than 77% of all other stocks.

In the last month FME has a been trading in the 41.87 - 46.36 range, which is quite wide. It is currently trading near the high of this range.

FME is an average performer in the Health Care Providers & Services industry, it outperforms 67% of 32 stocks in the same industry.

FME is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FME is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

FRESENIUS MEDICAL CARE AG / FME Weekly stock chart

FRESENIUS MEDICAL CARE AG / FME Daily stock chart

Setup Rating and Analysis

Although FME has an excellent technical rating, it does not present a decent entry opportunity 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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ChartMill Technical Ratings

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Bull Flags

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Support and Resistance Analysis

40.02

46.72

We found 4 important support areas.

A support zone ranging from 43.16 to 44.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @42.46 from a trend line in the weekly time frame.
A support zone ranging from 41.14 to 41.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 40.42 to 40.43. This zone is formed by a combination of multiple trend lines in the daily time frame.

When analyzing the resistance we notice one important area.

Resistance @46.26 from a horizontal line in the daily time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for FME.DE is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for FME.DE is up.
ChartMill Relative Strength	77.19	POSITIVE	FME.DE has a high relative strength, it outperformed 77.19% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of FME.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of FME.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of FME.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	70.21	OVERBOUGHT	The high RSI value suggests FME.DE may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.31	POSITIVE	The MACD value suggests FME.DE has a positive trend.
Stochastics (14,3)	95.49	OVERBOUGHT	The high Stochastics value suggests FME.DE may be overbought.
Average True Range in percent/ATR (20)	1.64	LOW VOLATILITY	The low ATR as a percentage value for FME.DE suggests low volalility.
Average Directional Index/ADX (14)	19.96	NEGATIVE	The low ADX value for FME.DE suggests a weak or negative trend.