Forest Road Acquisition Corp Cl A (FRX) Stock Technical Analysis
USA - NYSE:FRX -
12
+0.78 (+6.95%)
11.95
-0.05 (-0.42%)
Overall FRX gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. FRX was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, FRX is a bad performer in the overall market: 97% of all stocks are doing better.
FRX 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 FRX has a been trading in the 9.79 - 12.34 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
FRX has an average volume of 1363920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
FRX has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
9.80
12.13
When analyzing the support we notice one important area.
- Support @9.90 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 12.01 to 12.01. 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 | DOWN | NEGATIVE | The long term trend for FRX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FRX is up. |
| ChartMill Relative Strength | 3.44 | NEGATIVE | FRX has a low relative strength, it was outperformed by 96.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FRX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FRX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FRX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 84.14 | OVERBOUGHT | The high RSI value suggests FRX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests FRX has a positive trend. |
| Stochastics (14,3) | 72.11 | NEUTRAL | The Stochastics value for FRX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for FRX suggests some volalility. |
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)
12
+0.78 (+6.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg6.95%
1 Week20.12%
2 Weeks15.83%
1 Month20.48%
3 Month17.07%
6 Month-87.27%
12 Month-78.91%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.43
ATR(20)%2.81%
ATR Inc335.11%
Range Today0.98
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.44
Mansfield-7.88
10 Day High12.34
10 Day Low9.8
20 Day High12.34
20 Day Low9.8
52 Week High100.88
52 Week Low9.72
CS1 End9.9
CR1 Start12.01
Volume & EV
DER(3)1.13%
DER(5)2.54%
Volume3.96M
Volume Incr99.46%
Vol(5)2.95M
Vol(50)1.36M