FIRSTSERVICE CORP (FSV) Stock Technical Analysis
NASDAQ:FSV - Nasdaq - CA33767E2024 - Common Stock - Currency: USD
Overall FSV gets a technical rating of 5 out of 10. In the last year, FSV was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, FSV does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 177.01, 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.
More info and screens
157.33
When analyzing the support we can see 3 important areas.
- A support zone ranging from 171.71 to 177.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @166.27 from a trend line in the weekly time frame.
- A support zone ranging from 158.92 to 160.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @184.68 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for FSV is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FSV is up. |
| ChartMill Relative Strength | 51.2 | NEUTRAL | FSV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FSV is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FSV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FSV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.83 | NEUTRAL | The RSI value for FSV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests FSV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.41 | NEUTRAL | The Stochastics value for FSV is a neutral value. |
| Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for FSV suggests low volalility. |
| Average Directional Index/ADX (14) | 12.63 | NEGATIVE | The low ADX value for FSV suggests a weak or negative trend. |
177.94
-0.78 (-0.44%)