We assign a technical rating of 1 out of 10 to FRMI. FRMI performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
FRMI has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
15.23
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 16.16 to 16.33. 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 | UP | POSITIVE | The long term trend for FRMI is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FRMI is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | FRMI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FRMI is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 38.43 | NEUTRAL | The RSI value for FRMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests FRMI has a positive trend. |
| Stochastics (14,3) | 49.48 | NEUTRAL | The Stochastics value for FRMI is a neutral value. |
| Average True Range in percent/ATR (20) | 12.24 | HIGH VOLATILITY | The high ATR as a percentage value for FRMI suggests high volalility. |
| Average Directional Index/ADX (14) | 28.76 | POSITIVE | The high ADX value value for FRMI suggests a strong trend. |
15.38
-0.78 (-4.83%)
FERMI INC / FRMI FAQ
What is the ChartMill technical rating of FERMI INC (FRMI) stock?
ChartMill assigns a technical rating of 1 / 10 to FRMI.
What is the current trend direction of FERMI INC (FRMI) stock?
The current trend direction for FERMI INC (FRMI) is Bullish.
Can you provide the RSI signal for FERMI INC?
FERMI INC (FRMI) has an RSI value of 38.4293. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FERMI INC?
The MACD indicator for FERMI INC (FRMI) has a value of 0.0244514, indicating a bearish trend.
Can you provide the support and resistance levels for FERMI INC?
FERMI INC (FRMI) has a resistance level at 16.16. Check the full technical report for our detailed analysis of FRMI support and resistance levels.