FRIEDMAN INDUSTRIES (FRD) Technical Analysis
NASDAQ:FRD • US3584351056
Current stock price
FRD Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to FRD. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- FRD is one of the lesser performing stocks in the Metals & Mining industry. 76% of 158 stocks in the same industry do better.
- Warning: FRD has an average volume of 27194 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- When comparing the performance of all stocks over the past year, FRD turns out to be only a medium performer in the overall market: it outperformed 48% of all 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.
- In the last month FRD has a been trading in the 16.55 - 18.73 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FRD Weekly and Daily overview Charts
FRD Setup Rating and Analysis
FRD has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 17.23, 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 17.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 17.61 to 17.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 18.35 to 18.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @20.50 from a trend line in the daily time frame.
- Resistance @20.92 from a horizontal line 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 | 48.77 | NEUTRAL | FRD is not amongst the best or worst performers 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) | 39.87 | NEUTRAL | The RSI value for FRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests FRD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 39.88 | NEUTRAL | The Stochastics value for FRD is a neutral value. |
| Average True Range in percent/ATR (20) | 5.14 | HIGH VOLATILITY | The high ATR as a percentage value for FRD suggests high volalility. |
| Average Directional Index/ADX (14) | 9.7 | 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
17.25
-0.06 (-0.35%)
FRIEDMAN INDUSTRIES / FRD TA FAQ
What is the technical rating for FRD stock?
ChartMill assigns a technical rating of 1 / 10 to FRD.
What is the trend direction for FRD stock?
The current trend direction for FRIEDMAN INDUSTRIES (FRD) is Bearish.
Can you provide the RSI signal for FRIEDMAN INDUSTRIES?
FRIEDMAN INDUSTRIES (FRD) has an RSI value of 39.8655. This indicates that the stock is currently neutral.
What is the MACD signal for FRD stock?
The MACD indicator for FRIEDMAN INDUSTRIES (FRD) has a value of 0.0362864, indicating a bearish trend.
What are the support and resistance levels for FRIEDMAN INDUSTRIES (FRD) stock?
FRIEDMAN INDUSTRIES (FRD) has a support level at 17.23 and a resistance level at 17.61. Check the full technical report for our detailed analysis of FRD support and resistance levels.