FLAG SHIP ACQUISITION CORP (FSHP) Stock Technical Analysis
NASDAQ:FSHP - Nasdaq - KYG3530C1096 - Common Stock - Currency: USD
Overall FSHP gets a technical rating of 6 out of 10. Although FSHP is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, FSHP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 10.42, a Stop Loss order could be placed below this zone.
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9.89
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.22 to 10.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.99 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.44 to 10.49. 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 | UP | POSITIVE | The long term trend for FSHP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FSHP is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | FSHP has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FSHP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FSHP is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 61.52 | NEUTRAL | The RSI value for FSHP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests FSHP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.71 | NEUTRAL | The Stochastics value for FSHP is a neutral value. |
| Average True Range in percent/ATR (20) | 0.25 | LOW VOLATILITY | The low ATR as a percentage value for FSHP suggests low volalility. |
| Average Directional Index/ADX (14) | 60.11 | POSITIVE | The high ADX value value for FSHP suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.49 | 10.36 | 0.13 (1.24%) | 25.00% |
| An entry @10.49. This is a Buy Stop order right above the 10 day high. | An exit @10.36. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.13 points, which is 1.24%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.31%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:FSHP (6/23/2025, 8:16:50 PM)
10.43
+0.01 (+0.1%)