FRIEDMAN INDUSTRIES (FRD) Technical Analysis
NASDAQ:FRD • US3584351056
Current stock price
FRD Technical Rating and Analysis
Overall FRD gets a technical rating of 0 out of 10. FRD'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.
- 74% of all other stocks performed better in the past year than FRD.
- FRD is one of the lesser performing stocks in the Metals & Mining industry. 76% of 157 stocks in the same industry do better.
- FRD 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- Warning: FRD has an average volume of 24780 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- FRD is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FRD is lagging the market slightly.
FRD Weekly and Daily overview Charts
FRD Setup Rating and Analysis
Although the technical rating is bad, FRD does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 17.08, a Stop Loss order could be placed below this zone.
More info and screens
FRD Support and Resistance Analysis
16.84
When analyzing the support we notice one important area.
- A support zone ranging from 17.01 to 17.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 17.71 to 17.99. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @19.31 from a horizontal line in the daily time frame.
- A resistance zone ranging from 20.70 to 20.92. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @21.50 from a horizontal line in the daily time frame.
FRD 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 FRD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FRD is down. |
| ChartMill Relative Strength | 26.7 | NEGATIVE | FRD has a low relative strength, it was outperformed by 73.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FRD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FRD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of FRD is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.92 | NEUTRAL | The RSI value for FRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests FRD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.21 | NEUTRAL | The Stochastics value for FRD is a neutral value. |
| Average True Range in percent/ATR (20) | 4.89 | MEDIUM VOLATILITY | The ATR as a percentage value for FRD suggests some volalility. |
| Average Directional Index/ADX (14) | 11.66 | NEGATIVE | The low ADX value for FRD suggests a weak or negative trend. |
FRD Chart- and CandleStick Pattern Analysis
FRD Technicals: Chart, Performance Metrics, Trend & Indicators
17.4
+0.32 (+1.87%)
FRIEDMAN INDUSTRIES / FRD TA FAQ
What is the technical rating for FRD stock?
ChartMill assigns a technical rating of 0 / 10 to FRD.
What is the current trend direction of FRIEDMAN INDUSTRIES (FRD) stock?
The current trend direction for FRIEDMAN INDUSTRIES (FRD) is Bearish.
What is the RSI signal for FRIEDMAN INDUSTRIES (FRD) stock?
FRIEDMAN INDUSTRIES (FRD) has an RSI value of 40.9192. This indicates that the stock is currently neutral.
What is the MACD signal for FRIEDMAN INDUSTRIES (FRD) stock?
The MACD indicator for FRIEDMAN INDUSTRIES (FRD) has a value of -0.0340259, indicating a bearish trend.
What is the short term momentum for FRD stock?
The short term momentum for FRIEDMAN INDUSTRIES (FRD) is negative.