USA - NASDAQ:FRMI - US3149111086 - Common Stock
Taking everything into account, FRMI scores 1 out of 10 in our technical rating. In the last year, FRMI was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
The technical rating of FRMI is bad and it also does not present a 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.
18.17
When analyzing the resistance we notice one important area.
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) | 33.68 | NEUTRAL | The RSI value for FRMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.66 | NEGATIVE | The MACD value suggests FRMI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.27 | OVERSOLD | The low Stochastics value suggests FRMI may be oversold. |
| Average True Range in percent/ATR (20) | 17.65 | HIGH VOLATILITY | The high ATR as a percentage value for FRMI suggests high volalility. |
| Average Directional Index/ADX (14) | 21.81 | NEUTRAL | The ADX value for FRMI suggests a possible start of a new trend. |
18.35
+0.06 (+0.33%)
ChartMill assigns a technical rating of 1 / 10 to FRMI.
The current trend direction for FERMI INC (FRMI) is Bullish.
FERMI INC (FRMI) has an RSI value of 33.6771. This indicates that the stock is currently neutral.
The MACD indicator for FERMI INC (FRMI) has a value of -1.65504, indicating a bearish trend.
FERMI INC (FRMI) has a resistance level at 30.01. Check the full technical report for our detailed analysis of FRMI support and resistance levels.