Overall FRTA gets a technical rating of 5 out of 10. 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 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.
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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.
When analyzing the resistance we notice one important 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.
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. |
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+0.93 (+4.03%)
FORTERRA INC / FRTA 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 FRTA stock?
FORTERRA INC (FRTA) has an RSI value of 63.0461. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FORTERRA INC?
The MACD indicator for FORTERRA INC (FRTA) has a value of 0.0120996, indicating a bearish trend.
What are the support and resistance levels for FORTERRA INC (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.