FORGE GLOBAL HOLDINGS INC (FRGE) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:FRGE • US34629L2025
We assign a technical rating of 9 out of 10 to FRGE. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that FRGE is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, FRGE also shows a nice and consistent pattern of rising prices.
- FRGE is part of the Capital Markets industry. There are 238 other stocks in this industry. FRGE outperforms 99% of them.
- FRGE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month FRGE has a been trading in a tight range between 44.48 and 44.75.
Besides having an excellent technical rating, FRGE also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 44.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 44.65, a Stop Loss order could be placed below this zone.
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43.59
When analyzing the support we notice one important area.
- A support zone ranging from 44.03 to 44.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 44.67 to 44.80. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 98.44 | POSITIVE | FRGE has a high relative strength, it outperformed 98.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FRGE is above a declining 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) | UP | POSITIVE | The current price of FRGE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.65 | NEUTRAL | The RSI value for FRGE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests FRGE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 69.38 | NEUTRAL | The Stochastics value for FRGE is a neutral value. |
| Average True Range in percent/ATR (20) | 0.24 | LOW VOLATILITY | The low ATR as a percentage value for FRGE suggests low volalility. |
| Average Directional Index/ADX (14) | 51.53 | POSITIVE | The high ADX value value for FRGE suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 44.68 | 44.49 | 0.19 (0.42%) | 25.00% |
| An entry @44.68. This is a Buy Stop order right above the 10 day moving average. | An exit @44.49. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.19 points, which is 0.42%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.11%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
44.65
+0.01 (+0.02%)
FORGE GLOBAL HOLDINGS INC / FRGE FAQ
Can you provide the ChartMill technical rating for FORGE GLOBAL HOLDINGS INC?
ChartMill assigns a technical rating of 9 / 10 to FRGE.
What is the current trend direction of FORGE GLOBAL HOLDINGS INC (FRGE) stock?
The current trend direction for FORGE GLOBAL HOLDINGS INC (FRGE) is Bullish.
What is the RSI signal for FORGE GLOBAL HOLDINGS INC (FRGE) stock?
FORGE GLOBAL HOLDINGS INC (FRGE) has an RSI value of 61.6464. This indicates that the stock is currently neutral.
What is the MACD signal for FORGE GLOBAL HOLDINGS INC (FRGE) stock?
The MACD indicator for FORGE GLOBAL HOLDINGS INC (FRGE) has a value of -0.0973698, indicating a bearish trend.
What are the support and resistance levels for FORGE GLOBAL HOLDINGS INC (FRGE) stock?
FORGE GLOBAL HOLDINGS INC (FRGE) has a support level at 44.65 and a resistance level at 44.67. Check the full technical report for our detailed analysis of FRGE support and resistance levels.