WHOLE EARTH BRANDS INC (FREE) Stock Technical Analysis
USA - NASDAQ:FREE - US96684W1009 - Common Stock
We assign a technical rating of 7 out of 10 to FREE. Although FREE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, FREE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 4.88. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.87, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FREE in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
4.05
When analyzing the support we can see 2 important areas.
- A support zone ranging from 4.76 to 4.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.09 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.88 to 4.89. 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 | UP | POSITIVE | The long term trend for FREE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FREE is up. |
| ChartMill Relative Strength | 79.98 | POSITIVE | FREE has a high relative strength, it outperformed 79.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FREE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FREE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FREE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.47 | NEUTRAL | The RSI value for FREE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests FREE has a negative trend. |
| Stochastics (14,3) | 75.56 | NEUTRAL | The Stochastics value for FREE is a neutral value. |
| Average True Range in percent/ATR (20) | 0.23 | LOW VOLATILITY | The low ATR as a percentage value for FREE suggests low volalility. |
| Average Directional Index/ADX (14) | 40.36 | POSITIVE | The high ADX value value for FREE suggests a strong trend. |
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 |
|---|---|---|---|
| 4.90 | 4.85 | 0.05 (1.02%) | 25.00% |
| An entry @4.90. This is a Buy Stop order right above the resistance zone. | An exit @4.85. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.05 points, which is 1.02%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.26%. |
- 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.
4.87
-0.01 (-0.2%)
WHOLE EARTH BRANDS INC / FREE FAQ
What is the technical rating for FREE stock?
ChartMill assigns a technical rating of 7 / 10 to FREE.
What is the trend direction for FREE stock?
The current trend direction for WHOLE EARTH BRANDS INC (FREE) is Bullish.
What is the RSI signal for FREE stock?
WHOLE EARTH BRANDS INC (FREE) has an RSI value of 58.4736. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WHOLE EARTH BRANDS INC?
The MACD indicator for WHOLE EARTH BRANDS INC (FREE) has a value of -0.000427959, indicating a bearish trend.
What are the support and resistance levels for WHOLE EARTH BRANDS INC (FREE) stock?
WHOLE EARTH BRANDS INC (FREE) has a support level at 4.87 and a resistance level at 4.88. Check the full technical report for our detailed analysis of FREE support and resistance levels.