FORGE GLOBAL HOLDINGS INC (FRGE) Stock Technical Analysis
USA - NYSE:FRGE - US34629L2025 - Common Stock
15.88 USD
+0.29 (+1.86%)
16.35 USD
+0.47 (+2.96%)
Overall FRGE gets a technical rating of 0 out of 10. FRGE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, FRGE is a bad performer in the overall market: 89% of all stocks are doing better.
FRGE is part of the Capital Markets industry. There are 237 other stocks in this industry, of which 80% are performing better than FRGE.
In the last month FRGE has a been trading in the 15.19 - 19.24 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 neutral, but the short term trend is negative. Better to stay away from this!
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.
FRGE has a bad technical rating, but it does show a decent setup pattern. 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 17.58. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for FRGE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
15.42
20.68
When analyzing the support we notice one important area.
- Support @15.58 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 17.58 to 17.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 18.85 to 18.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @20.48 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 | NEUTRAL | NEUTRAL | The long term trend for FRGE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FRGE is down. |
| ChartMill Relative Strength | 11.28 | NEGATIVE | FRGE has a low relative strength, it was outperformed by 88.72% off all stocks 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) | DOWN | MIXED | The current price of FRGE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.4 | NEUTRAL | The RSI value for FRGE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests FRGE has a negative trend. |
| Stochastics (14,3) | 14.47 | OVERSOLD | The low Stochastics value suggests FRGE may be oversold. |
| Average True Range in percent/ATR (20) | 6.71 | HIGH VOLATILITY | The high ATR as a percentage value for FRGE suggests high volalility. |
| Average Directional Index/ADX (14) | 16.62 | NEGATIVE | The low ADX value for FRGE suggests a weak or negative 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)
15.88
+0.29 (+1.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg1.86%
1 Week-8.42%
2 Weeks-9.67%
1 Month-17.21%
3 Month-16.42%
6 Month59.25%
12 Month-20.99%
2 Year-47.85%
3 Year-39.5%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.16
ATR(20)%6.71%
ATR Inc-42.07%
Range Today0.54
ADR(20)1.04
ADR(20)%6.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.28
Mansfield-0.39
10 Day High18.5
10 Day Low15.19
20 Day High19.24
20 Day Low15.19
52 Week High24.9
52 Week Low6.6
CS1 End15.58
CR1 Start17.58
Volume & EV
DER(3)3.91%
DER(5)2.05%
Volume53.20K
Volume Incr-31.19%
Vol(5)64.22K
Vol(50)109.46K