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FRANCHISE GROUP INC (FRG) Stock Technical Analysis

NASDAQ:FRG - Nasdaq - US35180X1054 - Common Stock - Currency: USD

29.88  +0.03 (+0.1%)

After market: 29.94 +0.06 (+0.2%)

Technical Rating and Analysis

5

Taking everything into account, FRG scores 5 out of 10 in our technical rating. FRG has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

68% of all other stocks performed better in the past year than FRG.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month FRG has a been trading in the 28.23 - 29.97 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
FRG is part of the Specialty Retail industry. There are 120 other stocks in this industry, FRG did better than 59% of them.
FRG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FRG is lagging the market slightly.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
FRANCHISE GROUP INC / FRG Weekly stock chart
FRANCHISE GROUP INC / FRG Daily stock chart
Setup Rating and Analysis

8

FRG has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 29.89. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 29.79, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

  • 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.
Support and Resistance Analysis

28.21

30.24

2 important support areas can be observed.

  • A support zone ranging from 29.31 to 29.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 28.49 to 28.64. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

  • A resistance zone ranging from 29.89 to 29.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorNEUTRALNEUTRALThe long term trend for FRG is neutral.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for FRG is up.
ChartMill Relative Strength32.03NEUTRALFRG is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of FRG is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of FRG is above the rising SMA(50).
Simple Moving Average/SMA (200)DOWNMIXEDThe current price of FRG is above a declining SMA(200).
Relative Strength Index/RSI (14)63.76NEUTRALThe RSI value for FRG is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.02NEGATIVEThe MACD value suggests FRG has a negative trend, although the MACD value is rising.
Stochastics (14,3)91.76OVERBOUGHTThe high Stochastics value suggests FRG may be overbought.
Average True Range in percent/ATR (20)0.54LOW VOLATILITYThe low ATR as a percentage value for FRG suggests low volalility.
Average Directional Index/ADX (14)46.95POSITIVEThe high ADX value value for FRG suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
FRANCHISE GROUP INC / FRG Daily stock chart

FRANCHISE GROUP INC

NASDAQ:FRG (8/18/2023, 8:00:00 PM)

After market: 29.94 +0.06 (+0.2%)

29.88

+0.03 (+0.1%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg0.1%
1 Week0.44%
2 Weeks0.67%
1 Month0.5%
3 Month2.36%
6 Month-0.6%
12 Month-17.91%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%0.54%
ATR Inc-4.73%
Range Today0.06
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.03
Mansfield-0.23
10 Day High29.97
10 Day Low28.23
20 Day High29.97
20 Day Low28.23
52 Week High37.89
52 Week Low22.45
CS1 End29.79
CR1 Start29.89
Volume & EV
DER(3)-13.84%
DER(5)-12.14%
Volume1.88M
Volume Incr219.2%
Vol(5)2.22M
Vol(50)882.56K