FREEDOM HOLDING CORP/NV (FRHC) Stock Technical Analysis
NASDAQ:FRHC - Nasdaq - US3563901046 - Common Stock - Currency: USD
Taking everything into account, FRHC scores 5 out of 10 in our technical rating. Although FRHC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month FRHC has a been trading in the 137.00 - 177.00 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Looking at the yearly performance, FRHC did better than 92% of all other stocks. On top of that, FRHC also shows a nice and consistent pattern of rising prices.
FRHC is one of the better performing stocks in the Capital Markets industry, it outperforms 92% of 232 stocks in the same industry.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
FRHC is currently trading in the middle 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 slightly.
FRHC has an average technical rating and it also does not offer a high 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
117.11
157.50
We found 4 important support areas.
- Support @138.28 from a horizontal line in the daily time frame.
- Support @129.92 from a trend line in the weekly time frame.
- Support @121.89 from a trend line in the daily time frame.
- Support @118.29 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 148.42 to 150.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 155.23 to 155.94. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for FRHC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FRHC is down. |
| ChartMill Relative Strength | 92.39 | POSITIVE | FRHC has a high relative strength, it outperformed 92.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FRHC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of FRHC is below 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) | 37.42 | NEUTRAL | The RSI value for FRHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.44 | NEGATIVE | The MACD value suggests FRHC has a negative trend. |
| Stochastics (14,3) | 10.58 | OVERSOLD | The low Stochastics value suggests FRHC may be oversold. |
| Average True Range in percent/ATR (20) | 5.69 | HIGH VOLATILITY | The high ATR as a percentage value for FRHC suggests high volalility. |
| Average Directional Index/ADX (14) | 25.28 | 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)
138.29
-2.14 (-1.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-1.52%
1 Week-9.21%
2 Weeks-10.76%
1 Month-22.26%
3 Month3.16%
6 Month8.74%
12 Month72.52%
2 Year71.11%
3 Year211.82%
5 Year639.91%
10 YearN/A
15 YearN/A
Volatility
ATR(14)7.28
ATR(20)%5.69%
ATR Inc23.61%
Range Today5.76
ADR(20)7.2
ADR(20)%5.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.39
Mansfield1.07
10 Day High158.47
10 Day Low137
20 Day High177
20 Day Low137
52 Week High185
52 Week Low71.88
CS1 End138.28
CR1 Start148.42
Volume & EV
DER(3)-4.86%
DER(5)-0.96%
Volume146.00K
Volume Incr9.77%
Vol(5)163.74K
Vol(50)115.41K