Overall FRMI gets a technical rating of 0 out of 10. FRMI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, FRMI is a bad performer in the overall market: 100% of all stocks are doing better.
- FRMI is part of the Specialized REITs industry. There are 30 other stocks in this industry, of which 96% are performing better than FRMI.
- In the last month FRMI has a been trading in the 8.01 - 10.57 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.
- FRMI has an average volume of 7113540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
Although the technical rating is bad, FRMI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
8.43
When analyzing the resistance we notice 2 important areas.
- Resistance @8.68 from a trend line in the daily time frame.
- A resistance zone ranging from 9.20 to 9.21. 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 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 | NEGATIVE | The current price of FRMI is below 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) | 40.76 | NEUTRAL | The RSI value for FRMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests FRMI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 9.15 | OVERSOLD | The low Stochastics value suggests FRMI may be oversold. |
| Average True Range in percent/ATR (20) | 10.55 | HIGH VOLATILITY | The high ATR as a percentage value for FRMI suggests high volalility. |
| Average Directional Index/ADX (14) | 18.32 | NEGATIVE | The low ADX value for FRMI suggests a weak or negative trend. |
8.52
+0.28 (+3.4%)
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 40.7628. 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 8.68. Check the full technical report for our detailed analysis of FRMI support and resistance levels.