FR Technical Analysis - VALEO

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to FR. In the last year, FR was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.

FR 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.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

When comparing the performance of all stocks over the past year, FR turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.

FR is part of the Automobile Components industry. There are 31 other stocks in this industry, FR did better than 56% of them.

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

Setup Rating and Analysis

FR has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 9.93, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FR in the last couple of days, which is a good sign.

Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

9.71

11.67

When analyzing the support we notice one important area.

A support zone ranging from 9.81 to 9.93. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

A resistance zone ranging from 10.19 to 10.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @10.91 from a trend line in the weekly time frame.
A resistance zone ranging from 11.14 to 11.55. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 FR.PA is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for FR.PA is down.
ChartMill Relative Strength	45.92	NEUTRAL	FR.PA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of FR.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of FR.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of FR.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	39.96	NEUTRAL	The RSI value for FR.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests FR.PA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	32.81	NEUTRAL	The Stochastics value for FR.PA is a neutral value.
Average True Range in percent/ATR (20)	3.31	MEDIUM VOLATILITY	The ATR as a percentage value for FR.PA suggests some volalility.
Average Directional Index/ADX (14)	19.08	NEGATIVE	The low ADX value for FR.PA suggests a weak or negative trend.