Overall FRD gets a technical rating of 3 out of 10. FRD has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The technical rating of FRD 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
14.10
5 important support areas can be observed.
- A support zone ranging from 19.29 to 19.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.37 to 18.49. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 16.18 to 16.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.20 from a horizontal line in the daily time frame.
- Support @14.24 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- 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 | NEUTRAL | NEUTRAL | The short term trend for FRD is neutral. |
| ChartMill Relative Strength | 78.1 | POSITIVE | FRD has a high relative strength, it outperformed 78.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FRD is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of FRD is above 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) | 53.22 | NEUTRAL | The RSI value for FRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests FRD has a positive trend. |
| Stochastics (14,3) | 64.17 | NEUTRAL | The Stochastics value for FRD is a neutral value. |
| Average True Range in percent/ATR (20) | 5.16 | HIGH VOLATILITY | The high ATR as a percentage value for FRD suggests high volalility. |
| Average Directional Index/ADX (14) | 13.3 | NEGATIVE | The low ADX value for FRD suggests a weak or negative trend. |
20.41
+0.18 (+0.89%)
FRIEDMAN INDUSTRIES / FRD FAQ
What is the technical rating for FRD stock?
ChartMill assigns a technical rating of 3 / 10 to FRD.
Can you provide the trend direction for FRIEDMAN INDUSTRIES?
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 53.2204. This indicates that the stock is currently neutral.
What is the short term momentum for FRD stock?
The short term momentum for FRIEDMAN INDUSTRIES (FRD) is neutral.
Can you provide the support and resistance levels for FRIEDMAN INDUSTRIES?
FRIEDMAN INDUSTRIES (FRD) has a support level at 19.72 and a resistance level at 22.62. Check the full technical report for our detailed analysis of FRD support and resistance levels.