Forest Road Acquisition Corp Cl A (FRX) Technical Analysis
NYSE:FRX
Current stock price
FRX Technical Rating and Analysis
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.
- 97% of all other stocks performed better in the past year than FRX.
- 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 short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
FRX Weekly and Daily overview Charts
FRX Setup Rating and Analysis
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
FRX Support and Resistance Analysis
9.80
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.
FRX 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 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. |
FRX Chart- and CandleStick Pattern Analysis
FRX Technicals: Chart, Performance Metrics, Trend & Indicators
12
+0.78 (+6.95%)
Forest Road Acquisition Corp Cl A / FRX TA FAQ
What is the ChartMill technical rating of Forest Road Acquisition Corp Cl A (FRX) stock?
ChartMill assigns a technical rating of 5 / 10 to FRX.
What is the current trend direction of Forest Road Acquisition Corp Cl A (FRX) stock?
The current trend direction for Forest Road Acquisition Corp Cl A (FRX) is Bearish.
What is the RSI signal for Forest Road Acquisition Corp Cl A (FRX) stock?
Forest Road Acquisition Corp Cl A (FRX) has an RSI value of 84.1411. This indicates that the stock is currently overbought.
What is the MACD signal for FRX stock?
The MACD indicator for Forest Road Acquisition Corp Cl A (FRX) has a value of 0.167839, indicating a bearish trend.
Can you provide the short term momentum for Forest Road Acquisition Corp Cl A?
The short term momentum for Forest Road Acquisition Corp Cl A (FRX) is positive.