FRANCHISE GROUP INC (FRG) Technical Analysis
NASDAQ:FRG • US35180X1054
Current stock price
FRG Technical Rating and Analysis
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 123 other stocks in this industry, FRG did better than 56% 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.
FRG Weekly and Daily overview Charts
FRG Setup Rating and Analysis
Although the technical rating is only medium, FRG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. 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.
More info and screens
FRG Support and Resistance Analysis
28.21
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.
FRG 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 FRG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FRG is up. |
| ChartMill Relative Strength | 32.03 | NEUTRAL | FRG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FRG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FRG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of FRG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.76 | NEUTRAL | The RSI value for FRG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests FRG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 91.76 | OVERBOUGHT | The high Stochastics value suggests FRG may be overbought. |
| Average True Range in percent/ATR (20) | 0.54 | LOW VOLATILITY | The low ATR as a percentage value for FRG suggests low volalility. |
| Average Directional Index/ADX (14) | 46.95 | POSITIVE | The high ADX value value for FRG suggests a strong trend. |
FRG Chart- and CandleStick Pattern Analysis
FRG Technicals: Chart, Performance Metrics, Trend & Indicators
29.88
+0.03 (+0.1%)
FRANCHISE GROUP INC / FRG TA FAQ
Can you provide the ChartMill technical rating for FRANCHISE GROUP INC?
ChartMill assigns a technical rating of 5 / 10 to FRG.
What is the current trend direction of FRANCHISE GROUP INC (FRG) stock?
The current trend direction for FRANCHISE GROUP INC (FRG) is Bearish.
What is the RSI signal for FRANCHISE GROUP INC (FRG) stock?
FRANCHISE GROUP INC (FRG) has an RSI value of 63.7644. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for FRANCHISE GROUP INC?
FRANCHISE GROUP INC (FRG) has a support level at 29.79 and a resistance level at 29.89. Check the full technical report for our detailed analysis of FRG support and resistance levels.