FRESHPET INC (FRPT) Stock Technical Analysis
NASDAQ:FRPT • US3580391056
We assign a technical rating of 8 out of 10 to FRPT. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FRPT is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- FRPT is part of the Food Products industry. There are 88 other stocks in this industry. FRPT outperforms 74% of them.
- FRPT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FRPT is lagging the market slightly.
- In the last month FRPT has a been trading in the 65.26 - 85.87 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- FRPT has an average volume of 1244300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, FRPT outperforms 65% of them, which is more or less in line with the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although FRPT has an excellent technical rating, it does not offer a high 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.
More info and screens
66.70
We found 2 important support areas.
- A support zone ranging from 70.33 to 70.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @67.37 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 84.45 to 84.45. 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 FRPT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FRPT is up. |
| ChartMill Relative Strength | 65.38 | NEUTRAL | FRPT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FRPT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FRPT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FRPT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 79.02 | OVERBOUGHT | The high RSI value suggests FRPT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.17 | POSITIVE | The MACD value suggests FRPT has a positive trend. |
| Stochastics (14,3) | 94.39 | OVERBOUGHT | The high Stochastics value suggests FRPT may be overbought. |
| Average True Range in percent/ATR (20) | 3.99 | MEDIUM VOLATILITY | The ATR as a percentage value for FRPT suggests some volalility. |
| Average Directional Index/ADX (14) | 28.87 | POSITIVE | The high ADX value value for FRPT suggests a strong trend. |
84.36
-0.09 (-0.11%)
FRESHPET INC / FRPT FAQ
What is the ChartMill technical rating of FRESHPET INC (FRPT) stock?
ChartMill assigns a technical rating of 8 / 10 to FRPT.
What is the trend direction for FRPT stock?
The current trend direction for FRESHPET INC (FRPT) is Bullish.
What is the RSI signal for FRESHPET INC (FRPT) stock?
FRESHPET INC (FRPT) has an RSI value of 79.0249. This indicates that the stock is currently overbought.
Can you provide the short term momentum for FRESHPET INC?
The short term momentum for FRESHPET INC (FRPT) is positive.
Can you provide the support and resistance levels for FRESHPET INC?
FRESHPET INC (FRPT) has a support level at 70.92 and a resistance level at 84.45. Check the full technical report for our detailed analysis of FRPT support and resistance levels.