FRANKLIN STREET PROPERTIES C (FSP)       3.02  +0.04 (+1.34%)

3.02  +0.04 (+1.34%)

US35471R1068 - REIT - After market: 3.02 0 (0%)

Technical Rating

4

Overall FSP gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. FSP was also a bad performer in the overall market in the last year.



In the last month FSP has a been trading in the 2.73 - 3.05 range, which is quite wide. It is currently trading near the high of this range.
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.
Volume is considerably higher in the last couple of days.
78% of all other stocks performed better in the past year than FSP.
FSP is part of the Equity Real Estate Investment Trusts (REITs) industry. There are 217 other stocks in this industry, of which 84% are performing better than FSP.
FSP is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 8.63% 0.67% -30.57% -50.33% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 22.57 2.34 - 6.58
FSP Weekly chart
FSP Daily chart

Support/Resistance Analysis


2.71

6.07
2 important support areas can be observed.
  • A support zone ranging from 2.85 to 2.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 2.74 to 2.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 2 important areas.
  • A resistance zone ranging from 3.03 to 3.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @6.01 from a trend line in the weekly time frame.

Setup Analysis

Setup Rating

8

FSP has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 3.03. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.94, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

FSP Daily chart

FRANKLIN STREET PROPERTIES C3.02

NYSEARCA:FSP (12/2/2022, 7:04:00 PM)+0.04 (+1.34%)

After market: 3.02 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Real Estate
GICS Industry Equity Real Estate Investment Trusts (REITs)
Performance
Today 1.34% 1 Week 5.59%
2 Weeks 7.86% 1 Month 8.63%
3 Month 0.67% 6 Month -30.57%
Volatility
ATR(14) 0.13 ATR(20)% 4.73%
ATR Inc -23.32% Range Today 0.13
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 22.57 Mansfield -2.91
10 Day High 3.05 10 Day Low 2.76
20 Day High 3.05 20 Day Low 2.73
52 Week High 6.58 52 Week Low 2.34
CS1 End 2.94 CR1 Start 3.03
Volume & EV
DER(3) -1.31% DER(5) -0.89%
Volume 1.32M Volume Incr 128.19%
Vol(5) 1.82M Vol(50) 924.67K

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