FOXF Technical Analysis - FOX FACTORY HOLDING CORP

Technical Rating and Analysis

Overall FOXF gets a technical rating of 0 out of 10. FOXF's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, FOXF is a bad performer in the overall market: 92% of all stocks are doing better.

FOXF is part of the Automobile Components industry. There are 83 other stocks in this industry, of which 90% are performing better than FOXF.

FOXF 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.

FOXF is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

FOX FACTORY HOLDING CORP / FOXF Weekly stock chart

FOX FACTORY HOLDING CORP / FOXF Daily stock chart

Setup Rating and Analysis

FOXF has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 22.42, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

21.99

30.71

When analyzing the support we notice one important area.

A support zone ranging from 22.21 to 22.42. This zone is formed by a combination of multiple trend lines in multiple time frames.

5 important resistance areas can be observed.

A resistance zone ranging from 25.40 to 25.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @26.16 from a trend line in the weekly time frame.
Resistance @27.98 from a trend line in the weekly time frame.
Resistance @29.72 from a horizontal line in the daily time frame.
Resistance @30.41 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	DOWN	NEGATIVE	The long term trend for FOXF is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for FOXF is down.
ChartMill Relative Strength	8.02	NEGATIVE	FOXF has a low relative strength, it was outperformed by 91.98% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of FOXF is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of FOXF is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of FOXF is below a declining SMA(200).
Relative Strength Index/RSI (14)	43.38	NEUTRAL	The RSI value for FOXF is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.09	POSITIVE	The MACD value suggests FOXF has a positive trend.
Stochastics (14,3)	22.87	NEUTRAL	The Stochastics value for FOXF is a neutral value.
Average True Range in percent/ATR (20)	3.75	MEDIUM VOLATILITY	The ATR as a percentage value for FOXF suggests some volalility.
Average Directional Index/ADX (14)	31.89	POSITIVE	The high ADX value value for FOXF suggests a strong trend.