FREYR BATTERY INC (FREY) Technical Analysis
NYSE:FREY • US35834F1049
Current stock price
FREY Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to FREY. 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.
- 80% of all other stocks performed better in the past year than FREY.
- FREY is one of the lesser performing stocks in the Electrical Equipment industry. 62% of 92 stocks in the same industry do 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.
- Considerably lower volume is observed in the last couple of days.
FREY Weekly and Daily overview Charts
FREY Setup Rating and Analysis
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
FREY Support and Resistance Analysis
1.51
3 important resistance areas can be observed.
- 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.
FREY 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 | 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. |
FREY Chart- and CandleStick Pattern Analysis
FREY Technicals: Chart, Performance Metrics, Trend & Indicators
1.53
-0.04 (-2.55%)
FREYR BATTERY INC / FREY TA FAQ
What is the ChartMill technical rating of FREYR BATTERY INC (FREY) stock?
ChartMill assigns a technical rating of 0 / 10 to FREY.
Can you provide the trend direction for FREYR BATTERY INC?
The current trend direction for FREYR BATTERY INC (FREY) is Bearish.
Can you provide the RSI signal for FREYR BATTERY INC?
FREYR BATTERY INC (FREY) has an RSI value of 32.9928. This indicates that the stock is currently neutral.
What is the short term momentum for FREY stock?
The short term momentum for FREYR BATTERY INC (FREY) is negative.
What are the support and resistance levels for FREYR BATTERY INC (FREY) stock?
FREYR BATTERY INC (FREY) has a resistance level at 1.84. Check the full technical report for our detailed analysis of FREY support and resistance levels.