FREEDOM HOLDING CORP/NV (FRHC) Stock Technical Analysis
NASDAQ:FRHC - Nasdaq - US3563901046 - Common Stock - Currency: USD
Taking everything into account, FRHC scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FRHC is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that FRHC is one of the better performing stocks in the market, outperforming 93% of all stocks. We also observe that the gains produced by FRHC over the past year are nicely spread over this period.
FRHC is part of the Capital Markets industry. There are 235 other stocks in this industry. FRHC outperforms 94% of them.
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 137.22 - 182.68 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although FRHC has an excellent technical rating, it does not present a decent entry opportunity 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
119.38
184.91
We found 7 important support areas.
- A support zone ranging from 152.48 to 156.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @147.38 from a trend line in the weekly time frame.
- Support @144.52 from a trend line in the daily time frame.
- Support @141.84 from a horizontal line in the daily time frame.
- Support @138.29 from a horizontal line in the daily time frame.
- Support @135.21 from a trend line in the weekly time frame.
- Support @120.59 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @178.86 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 183.07 to 183.08. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for FRHC is up. |
| ChartMill Relative Strength | 93.4 | POSITIVE | FRHC has a high relative strength, it outperformed 93.4% 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) | 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) | 61.73 | NEUTRAL | The RSI value for FRHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.09 | POSITIVE | The MACD value suggests FRHC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.54 | NEUTRAL | The Stochastics value for FRHC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.49 | MEDIUM VOLATILITY | The ATR as a percentage value for FRHC suggests some volalility. |
| Average Directional Index/ADX (14) | 27.56 | POSITIVE | The high ADX value value for FRHC suggests a strong 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)
169.34
+3.07 (+1.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg1.85%
1 Week6.28%
2 Weeks17.99%
1 Month16.65%
3 Month17.7%
6 Month22.43%
12 Month104.72%
2 Year112.31%
3 Year216.35%
5 Year777.41%
10 YearN/A
15 YearN/A
Volatility
ATR(14)6.44
ATR(20)%3.49%
ATR Inc39.34%
Range Today5.15
ADR(20)5.72
ADR(20)%3.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.4
Mansfield2.11
10 Day High182.68
10 Day Low142.6
20 Day High182.68
20 Day Low137.23
52 Week High185
52 Week Low75.11
CS1 End156.43
CR1 Start178.86
Volume & EV
DER(3)-3.65%
DER(5)0.77%
Volume97.50K
Volume Incr0.91%
Vol(5)237.58K
Vol(50)191.53K