Overall FRLN gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FRLN is only an average performer.
FRLN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 6.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.45, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FRLN in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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3.51
We found 2 important support areas.
- A support zone ranging from 6.32 to 6.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.55 to 3.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @6.48 from a horizontal line in the daily time frame.
- A resistance zone ranging from 6.76 to 6.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 FRLN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FRLN is up. |
| ChartMill Relative Strength | 46.8 | NEUTRAL | FRLN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FRLN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FRLN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FRLN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.01 | NEUTRAL | The RSI value for FRLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests FRLN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 86.67 | OVERBOUGHT | The high Stochastics value suggests FRLN may be overbought. |
| Average True Range in percent/ATR (20) | 0.56 | LOW VOLATILITY | The low ATR as a percentage value for FRLN suggests low volalility. |
| Average Directional Index/ADX (14) | 43.65 | POSITIVE | The high ADX value value for FRLN suggests a strong trend. |
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 |
|---|---|---|---|
| 6.49 | 6.38 | 0.11 (1.69%) | 25.00% |
| An entry @6.49. This is a Buy Stop order right above the resistance zone. | An exit @6.38. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.11 points, which is 1.69%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.42%. |
- 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.
6.48
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FREELINE THERAPEUTICS HOLDIN / FRLN FAQ
Can you provide the ChartMill technical rating for FREELINE THERAPEUTICS HOLDIN?
ChartMill assigns a technical rating of 8 / 10 to FRLN.
What is the trend direction for FRLN stock?
The current trend direction for FREELINE THERAPEUTICS HOLDIN (FRLN) is Bullish.
Can you provide the RSI signal for FREELINE THERAPEUTICS HOLDIN?
FREELINE THERAPEUTICS HOLDIN (FRLN) has an RSI value of 61.0108. This indicates that the stock is currently neutral.
Can you provide the short term momentum for FREELINE THERAPEUTICS HOLDIN?
The short term momentum for FREELINE THERAPEUTICS HOLDIN (FRLN) is positive.
What are the support and resistance levels for FREELINE THERAPEUTICS HOLDIN (FRLN) stock?
FREELINE THERAPEUTICS HOLDIN (FRLN) has a support level at 6.45 and a resistance level at 6.48. Check the full technical report for our detailed analysis of FRLN support and resistance levels.