FORGE GLOBAL HOLDINGS INC (FRGE) Stock Technical Analysis
NYSE:FRGE - New York Stock Exchange, Inc. - US34629L2025 - Common Stock - Currency: USD
Taking everything into account, FRGE scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, FRGE has proven to be a steady performer, scoring decent points in every aspect analyzed.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Both the short term and long term trends are positive. This is a very positive sign.
FRGE is one of the better performing stocks in the Capital Markets industry, it outperforms 89% of 232 stocks in the same industry.
Looking at the yearly performance, FRGE did better than 88% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
FRGE 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 FRGE is lagging the market slightly.
In the last month FRGE has a been trading in the 13.30 - 16.92 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, FRGE also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
13.54
18.03
3 important support areas can be observed.
- A support zone ranging from 14.59 to 14.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @14.15 from a trend line in the daily time frame.
- A support zone ranging from 13.68 to 13.75. 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 @17.32 from a trend line in the daily time frame.
- A resistance zone ranging from 17.79 to 17.85. This zone is formed by a combination of multiple trend lines in the daily 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 | UP | POSITIVE | The short term trend for FRGE is up. |
| ChartMill Relative Strength | 88.6 | POSITIVE | FRGE has a high relative strength, it outperformed 88.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FRGE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FRGE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of FRGE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.62 | NEUTRAL | The RSI value for FRGE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests FRGE has a positive trend. |
| Stochastics (14,3) | 73.34 | NEUTRAL | The Stochastics value for FRGE is a neutral value. |
| Average True Range in percent/ATR (20) | 6.18 | HIGH VOLATILITY | The high ATR as a percentage value for FRGE suggests high volalility. |
| Average Directional Index/ADX (14) | 38.02 | POSITIVE | The high ADX value value for FRGE suggests a strong 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)
16
+0.12 (+0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.76%
1 Week7.74%
2 Weeks15.11%
1 Month12.68%
3 Month80.52%
6 Month0.63%
12 Month-30.28%
2 Year-56.1%
3 Year-89.75%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.01
ATR(20)%6.18%
ATR Inc30.82%
Range Today1.16
ADR(20)0.98
ADR(20)%6.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.6
Mansfield-0.26
10 Day High16.92
10 Day Low13.37
20 Day High16.92
20 Day Low13.3
52 Week High24.45
52 Week Low6.6
CS1 End14.59
CR1 Start17.32
Volume & EV
DER(3)2.62%
DER(5)-4.27%
Volume99.30K
Volume Incr9.94%
Vol(5)119.60K
Vol(50)255.57K