FINISAR CORP (FNSR) Stock Technical Analysis
NASDAQ:FNSR - Nasdaq -
We assign a technical rating of 10 out of 10 to FNSR. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FNSR is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
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 is also trading in the upper part of its 52 week range, so FNSR is performing more or less in line with the market.
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.
Although FNSR 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.
More info and screens
20.77
24.85
When analyzing the support we can see 3 important 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.
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
23.77
-0.53 (-2.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.18%
1 Week4.25%
2 Weeks4.53%
1 Month6.45%
3 Month3.94%
6 Month2.59%
12 Month24.78%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.58
ATR(20)%2.15%
ATR Inc205.96%
Range Today0.39
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.66
Mansfield0.06
10 Day High25.14
10 Day Low22.49
20 Day High25.14
20 Day Low22.01
52 Week High25.14
52 Week Low15.81
CS1 End23.22
CR1 Start24.6
Volume & EV
DER(3)-0.38%
DER(5)0.44%
Volume5.17M
Volume Incr219.11%
Vol(5)3.53M
Vol(50)1.41M