FRANCHISE GROUP INC (FRG) Stock Technical Analysis
NASDAQ:FRG - Nasdaq - US35180X1054 - Common Stock - Currency: USD
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.
Although the technical rating is only medium, FRG does present a nice setup opportunity. 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
28.21
We found 2 important support areas.
- 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.
When analyzing the resistance we notice one important 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.
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. |
29.88
+0.03 (+0.1%)