BLACKROCK FLTNG RT INC STRAT (FRA) Technical Analysis
NYSE:FRA • US09255X1000
Taking everything into account, FRA scores 0 out of 10 in our technical rating. FRA'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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 79% of all other stocks performed better in the past year than FRA.
- FRA is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so FRA is lagging the market.
- In the last month FRA has a been trading in the 11.00 - 11.80 range, which is quite wide. It is currently trading near the lows of this range.
The technical rating of FRA is bad and it also does not present a quality setup 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
10.92
We found 1 important support area.
- A support zone ranging from 11.03 to 11.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 11.61 to 11.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.93 to 12.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.71 from a trend line in the weekly time frame.
- Strong resistance @13.03 from a horizontal line in the daily time frame.
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 FRA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FRA is down. |
| ChartMill Relative Strength | 21.56 | NEGATIVE | FRA has a low relative strength, it was outperformed by 78.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FRA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FRA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FRA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 25.72 | OVERSOLD | The low RSI value suggests FRA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests FRA has a negative trend. |
| Stochastics (14,3) | 16.75 | OVERSOLD | The low Stochastics value suggests FRA may be oversold. |
| Average True Range in percent/ATR (20) | 0.98 | LOW VOLATILITY | The low ATR as a percentage value for FRA suggests low volalility. |
| Average Directional Index/ADX (14) | 38.56 | POSITIVE | The high ADX value value for FRA suggests a strong trend. |
FRA Technicals: Chart, Performance Metrics, Trend & Indicators
11.04
-0.13 (-1.16%)
BLACKROCK FLTNG RT INC STRAT / FRA FAQ
What is the ChartMill technical rating of BLACKROCK FLTNG RT INC STRAT (FRA) stock?
ChartMill assigns a technical rating of 0 / 10 to FRA.
What is the trend direction for FRA stock?
The current trend direction for BLACKROCK FLTNG RT INC STRAT (FRA) is Bearish.
What is the RSI signal for BLACKROCK FLTNG RT INC STRAT (FRA) stock?
BLACKROCK FLTNG RT INC STRAT (FRA) has an RSI value of 25.7193. This indicates that the stock is currently oversold.
What is the MACD signal for BLACKROCK FLTNG RT INC STRAT (FRA) stock?
The MACD indicator for BLACKROCK FLTNG RT INC STRAT (FRA) has a value of -0.0180178, indicating a bearish trend.
What are the support and resistance levels for BLACKROCK FLTNG RT INC STRAT (FRA) stock?
BLACKROCK FLTNG RT INC STRAT (FRA) has a support level at 11.03 and a resistance level at 11.61. Check the full technical report for our detailed analysis of FRA support and resistance levels.