FRIEDMAN INDUSTRIES (FRD) Stock Technical Analysis
NASDAQ:FRD - Nasdaq - US3584351056 - Common Stock - Currency: USD
Taking everything into account, FRD scores 0 out of 10 in our technical rating. 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.
When comparing the yearly performance of all stocks, FRD is a bad performer in the overall market: 83% of all stocks are doing better.
FRD is part of the Metals & Mining industry. There are 157 other stocks in this industry, of which 80% are performing better than FRD.
In the last month FRD has a been trading in the 15.02 - 17.18 range, which is quite wide. It is currently trading near the lows of this range.
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.
More info and screens
13.68
17.85
We found 4 important support areas.
- Support @15.20 from a horizontal line in the daily time frame.
- Support @14.76 from a trend line in the weekly time frame.
- Support @14.24 from a horizontal line in the weekly time frame.
- A support zone ranging from 13.82 to 13.95. 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 15.67 to 15.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 16.07 to 16.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.63 from a horizontal line in the daily time frame.
- A resistance zone ranging from 17.06 to 17.67. 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 | 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 | 17.59 | NEGATIVE | FRD has a low relative strength, it was outperformed by 82.41% 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) | DOWN | NEGATIVE | The current price of FRD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.42 | NEUTRAL | The RSI value for FRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests FRD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.54 | OVERSOLD | The low Stochastics value suggests FRD may be oversold. |
| Average True Range in percent/ATR (20) | 4.28 | MEDIUM VOLATILITY | The ATR as a percentage value for FRD suggests some volalility. |
| Average Directional Index/ADX (14) | 39.51 | POSITIVE | The high ADX value value for FRD suggests a strong trend. |
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)
15.5
-0.06 (-0.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.42%
1 Week-4.44%
2 Weeks-1.02%
1 Month-5.86%
3 Month-11.68%
6 Month2.18%
12 Month-7.85%
2 Year-12.87%
3 Year60.79%
5 Year208.77%
10 Year169.57%
15 Year177.78%
Volatility
ATR(14)0.74
ATR(20)%4.28%
ATR Inc22.99%
Range Today0.82
ADR(20)0.65
ADR(20)%4.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.59
Mansfield-0.95
10 Day High16.43
10 Day Low15.02
20 Day High17.18
20 Day Low15.02
52 Week High18.48
52 Week Low12.24
CS1 End15.2
CR1 Start15.67
Volume & EV
DER(3)-0.54%
DER(5)-3.3%
Volume16.40K
Volume Incr-74.55%
Vol(5)15.16K
Vol(50)34.68K