Taking everything into account, FRMI scores 0 out of 10 in our technical rating. FRMI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
FRMI has a poor technical rating and the quality of the setup is also only medium 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
9.09
We found 1 important resistance area.
- Resistance @9.51 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for FRMI is neutral. |
| 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 | MIXED | The current price of FRMI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FRMI is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 40.42 | NEUTRAL | The RSI value for FRMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.44 | POSITIVE | The MACD value suggests FRMI has a positive trend. |
| Stochastics (14,3) | 62.36 | NEUTRAL | The Stochastics value for FRMI is a neutral value. |
| Average True Range in percent/ATR (20) | 13.81 | HIGH VOLATILITY | The high ATR as a percentage value for FRMI suggests high volalility. |
| Average Directional Index/ADX (14) | 35.74 | POSITIVE | The high ADX value value for FRMI suggests a strong trend. |
9.18
+0.35 (+3.96%)
FERMI INC / FRMI FAQ
What is the ChartMill technical rating of FERMI INC (FRMI) stock?
ChartMill assigns a technical rating of 0 / 10 to FRMI.
Can you provide the trend direction for FERMI INC?
The current trend direction for FERMI INC (FRMI) is Bearish.
Can you provide the RSI signal for FERMI INC?
FERMI INC (FRMI) has an RSI value of 40.4234. This indicates that the stock is currently neutral.
What are the support and resistance levels for FERMI INC (FRMI) stock?
FERMI INC (FRMI) has a resistance level at 9.51. Check the full technical report for our detailed analysis of FRMI support and resistance levels.