FNGR Technical Analysis - FINGERMOTION INC

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to FNGR. FNGR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

85% of all other stocks performed better in the past year than FNGR.

FNGR is part of the Wireless Telecommunication Services industry. There are 22 other stocks in this industry, of which 80% are performing better than FNGR.

FNGR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month FNGR has a been trading in the 1.48 - 2.20 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

FINGERMOTION INC / FNGR Weekly stock chart

FINGERMOTION INC / FNGR Daily stock chart

Setup Rating and Analysis

The technical rating of FNGR is bad and it also does not present a quality setup 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

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.40

2.10

2 important support areas can be observed.

Support @1.47 from a trend line in the daily time frame.
Support @1.41 from a horizontal line in the weekly time frame.

We can see 2 important resistance areas.

Resistance @2.00 from a trend line in the daily time frame.
Resistance @2.08 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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 FNGR is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for FNGR is neutral.
ChartMill Relative Strength	15.03	NEGATIVE	FNGR has a low relative strength, it was outperformed by 84.97% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of FNGR is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of FNGR is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of FNGR is below the rising SMA(200).
Relative Strength Index/RSI (14)	41.83	NEUTRAL	The RSI value for FNGR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests FNGR has a negative trend.
Stochastics (14,3)	15.55	OVERSOLD	The low Stochastics value suggests FNGR may be oversold.
Average True Range in percent/ATR (20)	10.05	HIGH VOLATILITY	The high ATR as a percentage value for FNGR suggests high volalility.
Average Directional Index/ADX (14)	25.18	POSITIVE	The high ADX value value for FNGR suggests a strong trend.