FREYR BATTERY INC (FREY) Stock Technical Analysis
NYSE:FREY - New York Stock Exchange, Inc. - US35834F1049 - Common Stock - Currency: USD
Taking everything into account, FREY scores 0 out of 10 in our technical rating. FREY'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.
When comparing the yearly performance of all stocks, FREY is a bad performer in the overall market: 80% of all stocks are doing better.
FREY is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FREY is lagging the market.
In the last month FREY has a been trading in the 1.51 - 2.12 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.
FREY has an average volume of 2681380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
FREY is part of the Electrical Equipment industry. There are 94 other stocks in this industry, FREY did better than 41% of them.
Considerably lower volume is observed in the last couple of days.
The technical rating of FREY 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
1.51
2.32
We can see 3 important resistance areas.
- Resistance @1.84 from a trend line in the daily time frame.
- Resistance @1.90 from a trend line in the daily time frame.
- Resistance @2.30 from a trend line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for FREY is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FREY is down. |
| ChartMill Relative Strength | 20.04 | NEGATIVE | FREY has a low relative strength, it was outperformed by 79.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FREY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FREY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FREY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.99 | NEUTRAL | The RSI value for FREY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests FREY has a negative trend. |
| Stochastics (14,3) | 4.12 | OVERSOLD | The low Stochastics value suggests FREY may be oversold. |
| Average True Range in percent/ATR (20) | 8.94 | HIGH VOLATILITY | The high ATR as a percentage value for FREY suggests high volalility. |
| Average Directional Index/ADX (14) | 14.31 | NEGATIVE | The low ADX value for FREY suggests a weak or negative 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)
1.53
-0.04 (-2.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-2.55%
1 Week-13.56%
2 Weeks-19.47%
1 Month-18.18%
3 Month-26.09%
6 Month24.39%
12 Month-10.53%
2 Year-83.15%
3 Year-83.93%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%8.94%
ATR Inc-45.43%
Range Today0.07
ADR(20)0.13
ADR(20)%8.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.04
Mansfield-1.68
10 Day High2.12
10 Day Low1.51
20 Day High2.12
20 Day Low1.51
52 Week High3.36
52 Week Low0.91
CS1 EndN/A
CR1 Start1.84
Volume & EV
DER(3)3.23%
DER(5)-3.14%
Volume1.47M
Volume Incr-7.43%
Vol(5)1.52M
Vol(50)2.68M