FORGE GLOBAL HOLDINGS INC (FRGE) Stock Technical Analysis
NYSE:FRGE - US34629L2025 - Common Stock
17.32 USD
-0.37 (-2.09%)
17.32 USD
0 (0%)
We assign a technical rating of 3 out of 10 to FRGE. FRGE has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
In the last month FRGE has a been trading in the 16.90 - 23.00 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.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When compared to the yearly performance of all other stocks, FRGE outperforms 46% of them, which is more or less in line with the market.
FRGE is an average performer in the Capital Markets industry, it outperforms 58% of 239 stocks in the same industry.
FRGE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FRGE is lagging the market.
Considerably lower volume is observed in the last couple of days.
The technical rating of FRGE 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
17.14
21.28
We found 1 important support area.
- A support zone ranging from 17.31 to 17.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @20.14 from a trend line in the weekly time frame.
- Resistance @21.07 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 | UP | POSITIVE | The long term trend for FRGE is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FRGE is down. |
| ChartMill Relative Strength | 46.91 | NEUTRAL | FRGE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FRGE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FRGE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FRGE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.71 | NEUTRAL | The RSI value for FRGE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.4 | NEGATIVE | The MACD value suggests FRGE has a negative trend. |
| Stochastics (14,3) | 9.93 | OVERSOLD | The low Stochastics value suggests FRGE may be oversold. |
| Average True Range in percent/ATR (20) | 5.97 | HIGH VOLATILITY | The high ATR as a percentage value for FRGE suggests high volalility. |
| Average Directional Index/ADX (14) | 20.21 | NEUTRAL | The ADX value for FRGE suggests a possible start of a new 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)
17.32
-0.37 (-2.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-2.09%
1 Week-9.7%
2 Weeks-9.37%
1 Month-20.84%
3 Month16.63%
6 Month77.64%
12 Month-7.63%
2 Year-43.12%
3 Year-34.02%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.96
ATR(20)%5.97%
ATR Inc1.08%
Range Today1.26
ADR(20)1.01
ADR(20)%5.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.91
Mansfield0.47
10 Day High20.36
10 Day Low16.9
20 Day High23
20 Day Low16.9
52 Week High24.9
52 Week Low6.6
CS1 End17.31
CR1 Start20.14
Volume & EV
DER(3)2.6%
DER(5)1.61%
Volume78.00K
Volume Incr-50.86%
Vol(5)65.24K
Vol(50)115.75K