Taking everything into account, FRD scores 1 out of 10 in our technical rating. FRD has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- FRD is one of the lesser performing stocks in the Metals & Mining industry. 78% of 156 stocks in the same industry do better.
- In the last month FRD has a been trading in the 18.96 - 21.42 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: FRD has an average volume of 19730 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- Looking at the yearly performance, FRD did better than 76% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- FRD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FRD is lagging the market.
- Considerably lower volume is observed in the last couple of days.
FRD has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 20.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.63, a Stop Loss order could be placed below this zone.
More info and screens
14.10
We found 4 important support areas.
- A support zone ranging from 19.40 to 19.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.37 from a horizontal line in the daily time frame.
- Support @16.57 from a trend line in the weekly time frame.
- Support @14.24 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 20.02 to 20.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 21.41 to 21.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 22.62 to 22.70. 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 | NEUTRAL | NEUTRAL | The long term trend for FRD is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FRD is down. |
| ChartMill Relative Strength | 76.84 | POSITIVE | FRD has a high relative strength, it outperformed 76.84% 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 | POSITIVE | The current price of FRD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.57 | NEUTRAL | The RSI value for FRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests FRD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.62 | NEUTRAL | The Stochastics value for FRD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.38 | MEDIUM VOLATILITY | The ATR as a percentage value for FRD suggests some volalility. |
| Average Directional Index/ADX (14) | 9.23 | NEGATIVE | The low ADX value for FRD suggests a weak or negative trend. |
19.65
+0.06 (+0.31%)
FRIEDMAN INDUSTRIES / FRD FAQ
What is the technical rating for FRD stock?
ChartMill assigns a technical rating of 1 / 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 46.5707. 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 -0.0512901, indicating a bearish trend.
What is the short term momentum for FRD stock?
The short term momentum for FRIEDMAN INDUSTRIES (FRD) is negative.