FREEDOM HOLDING CORP/NV (FRHC) Stock Technical Analysis
NASDAQ:FRHC - Nasdaq - US3563901046 - Common Stock - Currency: USD
Overall FRHC gets a technical rating of 10 out of 10. 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!
Looking at the yearly performance, FRHC did better than 96% of all other 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 231 other stocks in this industry. FRHC outperforms 98% of them.
FRHC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so FRHC is performing more or less in line with the market.
In the last month FRHC has a been trading in the 142.41 - 185.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found 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 and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
118.90
167.55
We found 4 important support areas.
- Support @160.48 from a trend line in the daily time frame.
- Support @156.60 from a horizontal line in the daily time frame.
- Support @126.75 from a trend line in the weekly time frame.
- Support @120.10 from a trend 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 | UP | POSITIVE | The short term trend for FRHC is up. |
| ChartMill Relative Strength | 96.7 | POSITIVE | FRHC has a high relative strength, it outperformed 96.7% 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) | 56.08 | NEUTRAL | The RSI value for FRHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.65 | NEGATIVE | The MACD value suggests FRHC has a negative trend. |
| Stochastics (14,3) | 38.45 | NEUTRAL | The Stochastics value for FRHC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for FRHC suggests some volalility. |
| Average Directional Index/ADX (14) | 30.21 | 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)
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 |
|---|---|---|---|
| 171.28 | 160.47 | 10.81 (6.31%) | 15.85% |
| An entry @171.28. This is a Buy Stop order right above the 10 day moving average. | An exit @160.47. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 10.81 points, which is 6.31%. | For a 1.00% total portfolio risk, you can invest 15.85% 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.
165.89
+0.92 (+0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.56%
1 Week-3.69%
2 Weeks-2.56%
1 Month16.95%
3 Month12.8%
6 Month39.54%
12 Month117.59%
2 Year100.91%
3 Year289.69%
5 Year853.94%
10 YearN/A
15 YearN/A
Volatility
ATR(14)7.69
ATR(20)%4.06%
ATR Inc-10.5%
Range Today4.18
ADR(20)6.23
ADR(20)%3.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.7
Mansfield3.76
10 Day High185
10 Day Low155.18
20 Day High185
20 Day Low142.41
52 Week High185
52 Week Low71.88
CS1 End160.48
CR1 StartN/A
Volume & EV
DER(3)0.9%
DER(5)1.17%
Volume157.50K
Volume Incr92.17%
Vol(5)188.18K
Vol(50)94.19K