FRIEDMAN INDUSTRIES (FRD)
US3584351056 - Common Stock
Overall FRD gets a technical rating of 10 out of 10. Both in the recent history as in the last year, FRD has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: FRD has an average volume of 16544 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that FRD is one of the better performing stocks in the market, outperforming 93% of all stocks.
FRD is one of the better performing stocks in the Metals & Mining industry, it outperforms 89% of 154 stocks in the same industry.
FRD is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month FRD has a been trading in the 17.88 - 19.52 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
FRD has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 19.17. Right above this resistance zone may be a good entry point.
More info and screens
9.56
19.65
We found 7 important support areas.
- Support @19.00 from a trend line in the daily time frame.
- Support @17.66 from a horizontal line in the weekly time frame.
- Support @16.60 from a horizontal line in the daily time frame.
- Support @16.30 from a horizontal line in the daily time frame.
- Support @10.99 from a trend line in the weekly time frame.
- Support @10.55 from a trend line in the weekly time frame.
- Support @9.66 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 19.17 to 19.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.46
Mansfield1.72
10 Day High19.47
10 Day Low18.71
20 Day High19.52
20 Day Low17.88
52 Week High19.52
52 Week Low9.5
Performance
1 Week-1.96%
2 Weeks0.21%
1 Month0.42%
3 Month12.26%
6 Month66.96%
12 Month83.53%
2 Year90.69%
3 Year43.77%
5 Year158.13%
10 Year131.19%
15 Year249.54%
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)
Technical Indicators
MACD(12,26,9)-0.05
RSI(14)51.16
LBB18.75
UBB19.72
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 |
|---|---|---|---|
| 19.47 | 18.99 | 0.48 (2.47%) | 25.00% |
| An entry @19.47. This is a Buy Stop order right above the resistance zone. | An exit @18.99. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.48 points, which is 2.47%. | For a 0.62% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of FRD. Please evaluate whether better entry and exit points can be found.
- 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.
FRIEDMAN INDUSTRIES
NYSEARCA:FRD (5/6/2024, 7:04:00 PM)
19.05
-0.21 (-1.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.09%
1 Week-1.96%
2 Weeks0.21%
1 Month0.42%
3 Month12.26%
6 Month66.96%
12 Month83.53%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.53
ATR(20)%3.02%
ATR Inc
Range Today0.33
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High19.47
10 Day Low18.71
20 Day High19.52
20 Day Low17.88
52 Week High19.52
52 Week Low9.5
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume16.10K
Volume Incr-40.02%
Vol(5)10.02K
Vol(50)16.54K