FREEDOM HOLDING CORP/NV (FRHC) Technical Analysis
NASDAQ:FRHC • US3563901046
Current stock price
FRHC Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to FRHC. Although FRHC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- FRHC is one of the better performing stocks in the Capital Markets industry, it outperforms 84% of 240 stocks in the same industry.
- In the last month FRHC has a been trading in the 135.49 - 165.00 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, FRHC did better than 77% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- FRHC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FRHC is lagging the market.
FRHC Weekly and Daily overview Charts
FRHC Setup Rating and Analysis
Although FRHC has an excellent technical rating, the quality of the presented setup is not ideal 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
FRHC Support and Resistance Analysis
117.12
4 important support areas can be observed.
- A support zone ranging from 154.61 to 155.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 149.81 to 150.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @120.74 from a trend line in the weekly time frame.
- Support @118.30 from a horizontal line in the weekly time frame.
FRHC Technical Indicator Signal Analysis
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 FRHC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FRHC is up. |
| ChartMill Relative Strength | 77.64 | POSITIVE | FRHC has a high relative strength, it outperformed 77.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FRHC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FRHC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FRHC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.97 | OVERBOUGHT | The high RSI value suggests FRHC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.63 | POSITIVE | The MACD value suggests FRHC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.98 | OVERBOUGHT | The high Stochastics value suggests FRHC may be overbought. |
| Average True Range in percent/ATR (20) | 3.38 | MEDIUM VOLATILITY | The ATR as a percentage value for FRHC suggests some volalility. |
| Average Directional Index/ADX (14) | 36.68 | POSITIVE | The high ADX value value for FRHC suggests a strong trend. |
FRHC Chart- and CandleStick Pattern Analysis
FRHC Technicals: Chart, Performance Metrics, Trend & Indicators
160.87
-1.79 (-1.1%)
FREEDOM HOLDING CORP/NV / FRHC TA FAQ
What is the technical rating for FRHC stock?
ChartMill assigns a technical rating of 8 / 10 to FRHC.
Can you provide the trend direction for FREEDOM HOLDING CORP/NV?
The current trend direction for FREEDOM HOLDING CORP/NV (FRHC) is Bullish.
Can you provide the RSI signal for FREEDOM HOLDING CORP/NV?
FREEDOM HOLDING CORP/NV (FRHC) has an RSI value of 70.9724. This indicates that the stock is currently overbought.
What is the short term momentum for FREEDOM HOLDING CORP/NV (FRHC) stock?
The short term momentum for FREEDOM HOLDING CORP/NV (FRHC) is positive.
What is the buy/sell signal for FREEDOM HOLDING CORP/NV (FRHC) stock?
The buy/sell signal for FREEDOM HOLDING CORP/NV (FRHC) is buy as both the short term and long term trends are positive.