FREDS INC (FRED) Technical Analysis
NASDAQ:FRED
Current stock price
FRED Technical Rating and Analysis
Overall FRED gets a technical rating of 0 out of 10. FRED'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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 100% of all other stocks performed better in the past year than FRED.
- FRED is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so FRED is lagging the market.
- In the last month FRED has a been trading in the 0.12 - 0.36 range, which is quite wide. It is currently trading near the lows of this range.
- Volume is considerably higher in the last couple of days.
FRED Weekly and Daily overview Charts
FRED Setup Rating and Analysis
The technical rating of FRED 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
FRED Support and Resistance Analysis
FRED 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 FRED is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FRED is down. |
| ChartMill Relative Strength | 0.49 | NEGATIVE | FRED has a low relative strength, it was outperformed by 99.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FRED is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FRED is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FRED is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 21.28 | OVERSOLD | The low RSI value suggests FRED may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests FRED has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.15 | OVERSOLD | The low Stochastics value suggests FRED may be oversold. |
| Average True Range in percent/ATR (20) | 29.65 | HIGH VOLATILITY | The high ATR as a percentage value for FRED suggests high volalility. |
FRED Chart- and CandleStick Pattern Analysis
FRED Technicals: Chart, Performance Metrics, Trend & Indicators
0.1265
-0.01 (-4.53%)
FREDS INC / FRED TA FAQ
Can you provide the ChartMill technical rating for FREDS INC?
ChartMill assigns a technical rating of 0 / 10 to FRED.
What is the trend direction for FRED stock?
The current trend direction for FREDS INC (FRED) is Bearish.
What is the RSI signal for FREDS INC (FRED) stock?
FREDS INC (FRED) has an RSI value of 21.2823. This indicates that the stock is currently oversold.
Can you provide the MACD signal for FREDS INC?
The MACD indicator for FREDS INC (FRED) has a value of -0.00857773, indicating a bearish trend.
Can you provide the short term momentum for FREDS INC?
The short term momentum for FREDS INC (FRED) is negative.