FRESHWORKS INC-CL A (FRSH) Stock Technical Analysis
NASDAQ:FRSH - Nasdaq - US3580541049 - Common Stock - Currency: USD
Taking everything into account, FRSH scores 4 out of 10 in our technical rating. FRSH has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
FRSH has an average volume of 3088310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Looking at the yearly performance, FRSH did better than 75% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
FRSH is part of the Software industry. There are 284 other stocks in this industry, FRSH did better than 63% of them.
FRSH is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FRSH is lagging the market slightly.
In the last month FRSH has a been trading in the 14.24 - 16.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FRSH has an average technical rating and it also 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
12.38
18.62
We found 2 important support areas.
- A support zone ranging from 14.22 to 14.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.51 to 12.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 15.55 to 15.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.45 from a horizontal line in the daily time frame.
- Resistance @16.81 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for FRSH is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FRSH is neutral. |
| ChartMill Relative Strength | 75.74 | POSITIVE | FRSH has a high relative strength, it outperformed 75.74% 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) | UP | POSITIVE | The current price of FRSH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FRSH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.99 | NEUTRAL | The RSI value for FRSH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests FRSH has a negative trend. |
| Stochastics (14,3) | 58.84 | NEUTRAL | The Stochastics value for FRSH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for FRSH suggests some volalility. |
| Average Directional Index/ADX (14) | 15.87 | NEGATIVE | The low ADX value for FRSH suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
14.94
-0.72 (-4.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-4.6%
1 Week-4.78%
2 Weeks-2.16%
1 Month-3.49%
3 Month0.4%
6 Month-9.73%
12 Month21.36%
2 Year-15.02%
3 Year13.61%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%2.91%
ATR Inc35.8%
Range Today0.58
ADR(20)0.4
ADR(20)%2.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.74
Mansfield0.1
10 Day High16.05
10 Day Low14.84
20 Day High16.05
20 Day Low14.24
52 Week High19.77
52 Week Low10.81
CS1 End14.41
CR1 Start15.55
Volume & EV
DER(3)5.35%
DER(5)6.14%
Volume2.77M
Volume Incr-5.34%
Vol(5)2.37M
Vol(50)3.09M