FRESHWORKS INC-CL A (FRSH) Stock Technical Analysis
NASDAQ:FRSH • US3580541049
Overall FRSH gets a technical rating of 0 out of 10. FRSH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 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: 94% of all stocks are doing better.
- FRSH is part of the Software industry. There are 276 other stocks in this industry, of which 72% are performing better than FRSH.
- FRSH is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month FRSH has a been trading in the 6.79 - 10.95 range, which is quite wide. It is currently trading near the lows of this range.
- FRSH has an average volume of 5439420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
FRSH 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
6.80
When analyzing the support we notice one important area.
- Support @6.87 from a horizontal line in the daily time frame.
We can see 6 important resistance areas.
- Resistance @7.97 from a horizontal line in the daily time frame.
- Resistance @10.99 from a trend line in the daily time frame.
- Resistance @11.47 from a trend line in the daily time frame.
- Resistance @11.82 from a trend line in the weekly time frame.
- Resistance @13.28 from a horizontal line in the daily time frame.
- Resistance @18.44 from a horizontal line in the weekly 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 | 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 | 6.57 | NEGATIVE | FRSH has a low relative strength, it was outperformed by 93.43% 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) | 38.92 | NEUTRAL | The RSI value for FRSH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests FRSH has a positive trend. |
| Stochastics (14,3) | 36.88 | NEUTRAL | The Stochastics value for FRSH is a neutral value. |
| Average True Range in percent/ATR (20) | 7.64 | HIGH VOLATILITY | The high ATR as a percentage value for FRSH suggests high volalility. |
| Average Directional Index/ADX (14) | 42.19 | POSITIVE | The high ADX value value for FRSH suggests a strong trend. |
7.82
-0.14 (-1.76%)
FRESHWORKS INC-CL A / FRSH FAQ
What is the ChartMill technical rating of FRESHWORKS INC-CL A (FRSH) stock?
ChartMill assigns a technical rating of 0 / 10 to FRSH.
What is the trend direction for FRSH stock?
The current trend direction for FRESHWORKS INC-CL A (FRSH) is Bearish.
What is the RSI signal for FRSH stock?
FRESHWORKS INC-CL A (FRSH) has an RSI value of 38.9239. This indicates that the stock is currently neutral.
What is the MACD signal for FRSH stock?
The MACD indicator for FRESHWORKS INC-CL A (FRSH) has a value of 0.112332, indicating a bearish trend.
Can you provide the short term momentum for FRESHWORKS INC-CL A?
The short term momentum for FRESHWORKS INC-CL A (FRSH) is negative.