FRESH2 GROUP LIMITED (FRES) Technical Analysis
NASDAQ:FRES • US03635R3057
Current stock price
FRES Technical Rating and Analysis
Taking everything into account, FRES scores 0 out of 10 in our technical rating. FRES'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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, FRES is a bad performer in the overall market: 99% of all stocks are doing better.
- FRES is part of the Biotechnology industry. There are 518 other stocks in this industry, of which 88% are performing better than FRES.
- FRES is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so FRES is lagging the market.
- In the last month FRES has a been trading in the 0.73 - 1.51 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- Warning: FRES has an average volume of 24369 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
FRES Weekly and Daily overview Charts
FRES Setup Rating and Analysis
The technical rating of FRES 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
FRES Support and Resistance Analysis
0.84
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.19 to 1.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.27 from a trend line in the daily time frame.
- Resistance @1.99 from a horizontal line in the daily time frame.
FRES 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 FRES is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FRES is neutral. |
| ChartMill Relative Strength | 1.64 | NEGATIVE | FRES has a low relative strength, it was outperformed by 98.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FRES is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FRES is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FRES is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.73 | NEUTRAL | The RSI value for FRES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests FRES has a negative trend. |
| Stochastics (14,3) | 22.63 | NEUTRAL | The Stochastics value for FRES is a neutral value. |
| Average True Range in percent/ATR (20) | 29.55 | HIGH VOLATILITY | The high ATR as a percentage value for FRES suggests high volalility. |
| Average Directional Index/ADX (14) | 15.08 | NEGATIVE | The low ADX value for FRES suggests a weak or negative trend. |
FRES Chart- and CandleStick Pattern Analysis
FRES Technicals: Chart, Performance Metrics, Trend & Indicators
0.85
-0.27 (-24.11%)
FRESH2 GROUP LIMITED / FRES TA FAQ
What is the technical rating for FRES stock?
ChartMill assigns a technical rating of 0 / 10 to FRES.
Can you provide the trend direction for FRESH2 GROUP LIMITED?
The current trend direction for FRESH2 GROUP LIMITED (FRES) is Bearish.
What is the RSI signal for FRES stock?
FRESH2 GROUP LIMITED (FRES) has an RSI value of 33.728. This indicates that the stock is currently neutral.
What is the short term momentum for FRES stock?
The short term momentum for FRESH2 GROUP LIMITED (FRES) is neutral.
What are the support and resistance levels for FRESH2 GROUP LIMITED (FRES) stock?
FRESH2 GROUP LIMITED (FRES) has a resistance level at 1.19. Check the full technical report for our detailed analysis of FRES support and resistance levels.