FREEDOM HOLDING CORP/NV (FRHC) Technical Analysis
NASDAQ:FRHC • US3563901046
Overall FRHC gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. FRHC was also a bad performer in the overall market in the last year.
- 68% of all other stocks performed better in the past year than FRHC.
- FRHC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FRHC is lagging the market.
- In the last month FRHC has a been trading in the 107.97 - 133.49 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- FRHC is part of the Capital Markets industry. There are 238 other stocks in this industry, FRHC did better than 57% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of FRHC 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
115.24
When analyzing the support we notice one important area.
- A support zone ranging from 116.40 to 118.30. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 131.53 to 131.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @136.85 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for FRHC is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FRHC is up. |
| ChartMill Relative Strength | 32.17 | NEUTRAL | FRHC is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of FRHC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FRHC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.19 | NEUTRAL | The RSI value for FRHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.06 | POSITIVE | The MACD value suggests FRHC has a positive trend. |
| Stochastics (14,3) | 94.2 | OVERBOUGHT | The high Stochastics value suggests FRHC may be overbought. |
| Average True Range in percent/ATR (20) | 4.21 | MEDIUM VOLATILITY | The ATR as a percentage value for FRHC suggests some volalility. |
| Average Directional Index/ADX (14) | 16.87 | NEGATIVE | The low ADX value for FRHC suggests a weak or negative trend. |
FRHC Technicals: Chart, Performance Metrics, Trend & Indicators
131.52
+0.86 (+0.66%)
FREEDOM HOLDING CORP/NV / FRHC FAQ
What is the technical rating for FRHC stock?
ChartMill assigns a technical rating of 2 / 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 Bearish.
What is the RSI signal for FREEDOM HOLDING CORP/NV (FRHC) stock?
FREEDOM HOLDING CORP/NV (FRHC) has an RSI value of 65.1854. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for FREEDOM HOLDING CORP/NV?
The buy/sell signal for FREEDOM HOLDING CORP/NV (FRHC) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for FREEDOM HOLDING CORP/NV (FRHC) stock?
FREEDOM HOLDING CORP/NV (FRHC) has a support level at 118.3 and a resistance level at 131.53. Check the full technical report for our detailed analysis of FRHC support and resistance levels.