FSV Technical Analysis - FIRSTSERVICE CORP

Technical Rating and Analysis

We assign a technical rating of 3 out of 10 to FSV. In the last year, FSV was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

In the last month FSV has a been trading in the 186.84 - 209.66 range, which is quite wide. It is currently trading near the lows of this range.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

When compared to the yearly performance of all other stocks, FSV outperforms 56% of them, which is more or less in line with the market.

FSV is part of the Real Estate Management & Development industry. There are 64 other stocks in this industry, FSV did better than 65% of them.

FSV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FSV is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

FIRSTSERVICE CORP / FSV Weekly stock chart

FIRSTSERVICE CORP / FSV Daily stock chart

Setup Rating and Analysis

FSV has a poor technical rating and the quality of the setup is also only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

159.28

210.52

4 important support areas can be observed.

A support zone ranging from 187.70 to 187.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
Strong support @174.61 from a horizontal line in the daily time frame.
A support zone ranging from 170.87 to 171.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @160.89 from a horizontal line in the weekly time frame.

We can see 3 important resistance areas.

A resistance zone ranging from 188.88 to 193.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @204.42 from a horizontal line in the weekly time frame.
Resistance @208.44 from a horizontal line in the daily time frame.

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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	UP	POSITIVE	The long term trend for FSV is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for FSV is down.
ChartMill Relative Strength	56.57	NEUTRAL	FSV is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of FSV is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of FSV is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of FSV is above the rising SMA(200).
Relative Strength Index/RSI (14)	34.24	NEUTRAL	The RSI value for FSV is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.43	NEGATIVE	The MACD value suggests FSV has a negative trend, although the MACD value is rising.
Stochastics (14,3)	5.93	OVERSOLD	The low Stochastics value suggests FSV may be oversold.
Average True Range in percent/ATR (20)	1.78	LOW VOLATILITY	The low ATR as a percentage value for FSV suggests low volalility.
Average Directional Index/ADX (14)	31.16	POSITIVE	The high ADX value value for FSV suggests a strong trend.