FRSH Technical Analysis - FRESHWORKS INC-CL A

Technical Rating and Analysis

Taking everything into account, FRSH scores 0 out of 10 in our technical rating. FRSH'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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, FRSH is a bad performer in the overall market: 84% of all stocks are doing better.

FRSH is part of the Software industry. There are 285 other stocks in this industry, of which 63% are performing better than FRSH.

FRSH is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.

In the last month FRSH has a been trading in the 10.76 - 13.24 range, which is quite wide. It is currently trading near the lows of this range.

FRSH has an average volume of 3932160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

FRESHWORKS INC-CL A / FRSH Weekly stock chart

FRESHWORKS INC-CL A / FRSH Daily stock chart

Setup Rating and Analysis

FRSH has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

10.77

18.62

When analyzing the resistance we notice 5 important areas.

Resistance @11.41 from a horizontal line in the daily time frame.
A resistance zone ranging from 12.50 to 12.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @13.32 from a trend line in the daily time frame.
Resistance @15.12 from a trend line in the weekly time frame.
Resistance @18.44 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for FRSH is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for FRSH is down.
ChartMill Relative Strength	16.54	NEGATIVE	FRSH has a low relative strength, it was outperformed by 83.46% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of FRSH is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of FRSH is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of FRSH is below a declining SMA(200).
Relative Strength Index/RSI (14)	29.01	OVERSOLD	The low RSI value suggests FRSH may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests FRSH has a negative trend, although the MACD value is rising.
Stochastics (14,3)	5.8	OVERSOLD	The low Stochastics value suggests FRSH may be oversold.
Average True Range in percent/ATR (20)	3.43	MEDIUM VOLATILITY	The ATR as a percentage value for FRSH suggests some volalility.
Average Directional Index/ADX (14)	25.59	POSITIVE	The high ADX value value for FRSH suggests a strong trend.