FORZA X1 INC (FRZA) Stock Technical Analysis
NASDAQ:FRZA - Nasdaq - US34988N1046 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to FRZA. FRZA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, FRZA is a bad performer in the overall market: 96% of all stocks are doing better.
FRZA is one of the lesser performing stocks in the Leisure Products industry. 89% of 30 stocks in the same industry do better.
FRZA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month FRZA has a been trading in the 0.21 - 0.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
The technical rating of FRZA 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.
More info and screens
0.26
0.35
2 important resistance areas can be observed.
- Resistance @0.32 from a trend line in the daily time frame.
- Resistance @0.35 from a trend line in the daily time frame.
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 FRZA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FRZA is neutral. |
| ChartMill Relative Strength | 4.97 | NEGATIVE | FRZA has a low relative strength, it was outperformed by 95.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FRZA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FRZA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FRZA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.72 | NEUTRAL | The RSI value for FRZA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests FRZA has a negative trend. |
| Stochastics (14,3) | 26.74 | NEUTRAL | The Stochastics value for FRZA is a neutral value. |
| Average True Range in percent/ATR (20) | 13.83 | HIGH VOLATILITY | The high ATR as a percentage value for FRZA suggests high volalility. |
| Average Directional Index/ADX (14) | 17.79 | NEGATIVE | The low ADX value for FRZA suggests a weak or negative trend. |
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)
0.2601
-0.02 (-8.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryLeisure Products
Performance
% Chg-8.09%
1 Week-21.16%
2 Weeks-15.83%
1 Month20.03%
3 Month-32.32%
6 Month-43.46%
12 Month-59.36%
2 Year-84.33%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%13.83%
ATR Inc-13.11%
Range Today0.03
ADR(20)0.03
ADR(20)%12.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.97
Mansfield-4.99
10 Day High0.35
10 Day Low0.26
20 Day High0.35
20 Day Low0.21
52 Week High0.7
52 Week Low0.17
CS1 EndN/A
CR1 Start0.32
Volume & EV
DER(3)-3.72%
DER(5)-2.79%
Volume351.80K
Volume Incr33.67%
Vol(5)157.84K
Vol(50)292.04K