FORTERRA INC (FRTA) Technical Analysis
NASDAQ:FRTA
Current stock price
FRTA Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to FRTA. FRTA has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- FRTA is part of the Construction Materials industry. There are 13 other stocks in this industry. FRTA outperforms 83% of them.
- FRTA is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so FRTA is leading the market.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the performance of all stocks over the past year, FRTA turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
- In the last month FRTA has a been trading in a tight range between 22.94 and 24.00.
FRTA Weekly and Daily overview Charts
FRTA Setup Rating and Analysis
FRTA 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
FRTA Support and Resistance Analysis
22.52
When analyzing the support we notice one important area.
- A support zone ranging from 22.75 to 23.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 24.01 to 24.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
FRTA 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 | NEUTRAL | NEUTRAL | The long term trend for FRTA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FRTA is neutral. |
| ChartMill Relative Strength | 68.41 | NEUTRAL | FRTA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FRTA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FRTA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FRTA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.05 | NEUTRAL | The RSI value for FRTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests FRTA has a positive trend. |
| Stochastics (14,3) | 52.91 | NEUTRAL | The Stochastics value for FRTA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.08 | LOW VOLATILITY | The low ATR as a percentage value for FRTA suggests low volalility. |
FRTA Chart- and CandleStick Pattern Analysis
FRTA Technicals: Chart, Performance Metrics, Trend & Indicators
24
+0.93 (+4.03%)
FORTERRA INC / FRTA TA FAQ
Can you provide the ChartMill technical rating for FORTERRA INC?
ChartMill assigns a technical rating of 5 / 10 to FRTA.
Can you provide the trend direction for FORTERRA INC?
The current trend direction for FORTERRA INC (FRTA) is Bearish.
What is the RSI signal for FORTERRA INC (FRTA) stock?
FORTERRA INC (FRTA) has an RSI value of 63.0461. This indicates that the stock is currently neutral.
What is the support and resistance level for FRTA stock?
FORTERRA INC (FRTA) has a support level at 23.87 and a resistance level at 24.01. Check the full technical report for our detailed analysis of FRTA support and resistance levels.