FRSX Technical Analysis - FORESIGHT AUTONOMOUS-SP ADR

Technical Rating and Analysis

Overall FRSX gets a technical rating of 0 out of 10. FRSX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, FRSX is a bad performer in the overall market: 98% of all stocks are doing better.

FRSX is part of the Automobile Components industry. There are 80 other stocks in this industry, of which 97% are performing better than FRSX.

FRSX 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 FRSX has a been trading in the 1.98 - 2.74 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

FORESIGHT AUTONOMOUS-SP ADR / FRSX Weekly stock chart

FORESIGHT AUTONOMOUS-SP ADR / FRSX Daily stock chart

Setup Rating and Analysis

The technical rating of FRSX 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.05

2.11

When analyzing the resistance we notice one important area.

A resistance zone ranging from 2.07 to 2.09. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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 FRSX is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for FRSX is down.
ChartMill Relative Strength	2.96	NEGATIVE	FRSX has a low relative strength, it was outperformed by 97.04% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of FRSX is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of FRSX is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of FRSX is below a declining SMA(200).
Relative Strength Index/RSI (14)	32.65	NEUTRAL	The RSI value for FRSX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests FRSX has a negative trend.
Stochastics (14,3)	23.99	NEUTRAL	The Stochastics value for FRSX is a neutral value.
Average True Range in percent/ATR (20)	10.29	HIGH VOLATILITY	The high ATR as a percentage value for FRSX suggests high volalility.
Average Directional Index/ADX (14)	11.83	NEGATIVE	The low ADX value for FRSX suggests a weak or negative trend.