BLACKROCK FLTNG RT INC STRAT (FRA) Stock Technical Analysis
NYSE:FRA - New York Stock Exchange, Inc. - US09255X1000 - Currency: USD
Taking everything into account, FRA scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FRA is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the performance of all stocks over the past year, FRA turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
FRA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FRA is lagging the market.
In the last month FRA has a been trading in a tight range between 13.12 and 13.28.
Besides having an excellent technical rating, FRA also presents 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 13.24, a Stop Loss order could be placed below this zone.
More info and screens
11.55
14.50
When analyzing the support we can see 2 important areas.
- A support zone ranging from 12.82 to 13.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.67 to 11.74. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @13.37 from a trend line in the daily time frame.
- A resistance zone ranging from 14.32 to 14.36. 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 FRA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FRA is up. |
| ChartMill Relative Strength | 48.73 | NEUTRAL | FRA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FRA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FRA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of FRA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.11 | NEUTRAL | The RSI value for FRA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests FRA has a negative trend. |
| Stochastics (14,3) | 83.33 | OVERBOUGHT | The high Stochastics value suggests FRA may be overbought. |
| Average True Range in percent/ATR (20) | 0.53 | LOW VOLATILITY | The low ATR as a percentage value for FRA suggests low volalility. |
| Average Directional Index/ADX (14) | 25.13 | POSITIVE | The high ADX value value for FRA suggests a strong trend. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 13.38 | 13.13 | 0.25 (1.87%) | 25.00% |
| An entry @13.38. This is a Buy Stop order right above the resistance zone. | An exit @13.13. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.25 points, which is 1.87%. | For a 0.47% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
13.24
-0.03 (-0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.23%
1 Week0.3%
2 Weeks0.15%
1 Month0.53%
3 Month4.66%
6 Month0.61%
12 Month2.24%
2 Year5.58%
3 Year9.78%
5 Year12.97%
10 Year2.32%
15 Year-9.38%
Volatility
ATR(14)0.07
ATR(20)%0.53%
ATR Inc-35.13%
Range Today0.06
ADR(20)0.07
ADR(20)%0.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.73
Mansfield-0.86
10 Day High13.28
10 Day Low13.14
20 Day High13.28
20 Day Low13.12
52 Week High14.5
52 Week Low10.9
CS1 End13.24
CR1 Start13.37
Volume & EV
DER(3)1.71%
DER(5)-0.05%
Volume68.60K
Volume Incr-23%
Vol(5)71.58K
Vol(50)99.47K