FREEDOM HOLDING CORP/NV (FRHC) Stock Technical Analysis
USA - NASDAQ:FRHC - US3563901046 - Common Stock
169.77 USD
+6.45 (+3.95%)
170.2 USD
+0.43 (+0.25%)
Taking everything into account, FRHC scores 7 out of 10 in our technical rating. In the last year, FRHC was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that FRHC is one of the better performing stocks in the market, outperforming 86% of all stocks. We also observe that the gains produced by FRHC over the past year are nicely spread over this period.
FRHC is one of the better performing stocks in the Capital Markets industry, it outperforms 92% of 237 stocks in the same industry.
FRHC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FRHC is lagging the market slightly.
In the last month FRHC has a been trading in the 163.02 - 177.15 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, FRHC also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 169.53, a Stop Loss order could be placed below this zone.
More info and screens
140.42
192.05
We found 4 important support areas.
- A support zone ranging from 167.58 to 169.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 161.88 to 163.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @147.89 from a trend line in the weekly time frame.
- Support @141.84 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @175.40 from a horizontal line in the daily time frame.
- Resistance @190.15 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 | UP | POSITIVE | The long term trend for FRHC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FRHC is neutral. |
| ChartMill Relative Strength | 86.4 | POSITIVE | FRHC has a high relative strength, it outperformed 86.4% 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) | DOWN | NEGATIVE | The current price of FRHC is below a declining 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) | 50.27 | NEUTRAL | The RSI value for FRHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests FRHC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.88 | NEUTRAL | The Stochastics value for FRHC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.54 | MEDIUM VOLATILITY | The ATR as a percentage value for FRHC suggests some volalility. |
| Average Directional Index/ADX (14) | 12.28 | NEGATIVE | The low ADX value for FRHC 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)
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 |
|---|---|---|---|
| 175.41 | 167.57 | 7.84 (4.47%) | 22.37% |
| An entry @175.41. This is a Buy Stop order right above the resistance zone. | An exit @167.57. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 7.84 points, which is 4.47%. | For a 1.00% total portfolio risk, you can invest 22.37% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of FRHC. Please evaluate whether better entry and exit points can be found.
- 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.
169.77
+6.45 (+3.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg3.95%
1 Week0.95%
2 Weeks-1.85%
1 Month2.95%
3 Month-5.08%
6 Month31.55%
12 Month61.33%
2 Year106.94%
3 Year206.11%
5 Year532.29%
10 YearN/A
15 YearN/A
Volatility
ATR(14)6.22
ATR(20)%3.54%
ATR Inc46.44%
Range Today4.06
ADR(20)5.81
ADR(20)%3.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.4
Mansfield0.53
10 Day High177.15
10 Day Low163.02
20 Day High177.15
20 Day Low163.02
52 Week High194.01
52 Week Low103.9
CS1 End169.53
CR1 Start175.4
Volume & EV
DER(3)0.9%
DER(5)0.81%
Volume89.20K
Volume Incr54.61%
Vol(5)163.66K
Vol(50)112.03K