FINISAR CORP (FNSR) Technical Analysis
NASDAQ:FNSR
Current stock price
FNSR Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to FNSR. Both in the recent history as in the last year, FNSR has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that FNSR is one of the better performing stocks in the market, outperforming 89% of all stocks. We also observe that the gains produced by FNSR over the past year are nicely spread over this period.
- FNSR 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 FNSR is lagging the market slightly.
- FNSR has an average volume of 1410580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month FNSR has a been trading in the 22.01 - 25.14 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
FNSR Weekly and Daily overview Charts
FNSR Setup Rating and Analysis
FNSR has an excellent technical rating, but the quality of the setup is only medium 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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FNSR Support and Resistance Analysis
20.77
We found 3 important support areas.
- A support zone ranging from 22.79 to 23.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.40 from a trend line in the daily time frame.
- A support zone ranging from 20.98 to 20.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 24.60 to 24.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
FNSR 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 FNSR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FNSR is up. |
| ChartMill Relative Strength | 89.66 | POSITIVE | FNSR has a high relative strength, it outperformed 89.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FNSR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FNSR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FNSR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60 | NEUTRAL | The RSI value for FNSR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests FNSR has a positive trend. |
| Stochastics (14,3) | 67.67 | NEUTRAL | The Stochastics value for FNSR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for FNSR suggests some volalility. |
FNSR Chart- and CandleStick Pattern Analysis
FNSR Technicals: Chart, Performance Metrics, Trend & Indicators
23.77
-0.53 (-2.18%)
FINISAR CORP / FNSR TA FAQ
Can you provide the ChartMill technical rating for FINISAR CORP?
ChartMill assigns a technical rating of 9 / 10 to FNSR.
Can you provide the trend direction for FINISAR CORP?
The current trend direction for FINISAR CORP (FNSR) is Bullish.
Can you provide the RSI signal for FINISAR CORP?
FINISAR CORP (FNSR) has an RSI value of 60.0016. This indicates that the stock is currently neutral.
What is the MACD signal for FNSR stock?
The MACD indicator for FINISAR CORP (FNSR) has a value of 0.12506, indicating a bearish trend.
What are the support and resistance levels for FINISAR CORP (FNSR) stock?
FINISAR CORP (FNSR) has a support level at 23.22 and a resistance level at 24.6. Check the full technical report for our detailed analysis of FNSR support and resistance levels.