We assign a technical rating of 9 out of 10 to FTCI. In the last year, FTCI was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, FTCI also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 9.47, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
6.46
We found 5 important support areas.
- A support zone ranging from 9.23 to 9.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.33 from a trend line in the daily time frame.
- Support @8.03 from a trend line in the daily time frame.
- Support @7.32 from a horizontal line in the daily time frame.
- Support @6.53 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for FTCI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FTCI is neutral. |
| ChartMill Relative Strength | 98.03 | POSITIVE | FTCI has a high relative strength, it outperformed 98.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FTCI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FTCI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FTCI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.57 | NEUTRAL | The RSI value for FTCI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests FTCI has a positive trend. |
| Stochastics (14,3) | 73.47 | NEUTRAL | The Stochastics value for FTCI is a neutral value. |
| Average True Range in percent/ATR (20) | 8.21 | HIGH VOLATILITY | The high ATR as a percentage value for FTCI suggests high volalility. |
| Average Directional Index/ADX (14) | 10.68 | NEGATIVE | The low ADX value for FTCI suggests a weak or negative 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 |
|---|---|---|---|
| 10.16 | 9.22 | 0.94 (9.25%) | 10.81% |
| An entry @10.16. This is a Buy Stop order right above the 10 day high. | An exit @9.22. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.94 points, which is 9.25%. | For a 1.00% total portfolio risk, you can invest 10.81% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of FTCI. Please evaluate whether better entry and exit points can be found.
- 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.
9.99
+0.67 (+7.19%)
FTC SOLAR INC / FTCI FAQ
What is the ChartMill technical rating of FTC SOLAR INC (FTCI) stock?
ChartMill assigns a technical rating of 9 / 10 to FTCI.
What is the current trend direction of FTC SOLAR INC (FTCI) stock?
The current trend direction for FTC SOLAR INC (FTCI) is Bullish.
Can you provide the RSI signal for FTC SOLAR INC?
FTC SOLAR INC (FTCI) has an RSI value of 58.5679. This indicates that the stock is currently neutral.
What is the MACD signal for FTC SOLAR INC (FTCI) stock?
The MACD indicator for FTC SOLAR INC (FTCI) has a value of 0.00460653, indicating a bearish trend.
What is the support and resistance level for FTCI stock?
FTC SOLAR INC (FTCI) has a support level at 9.47. Check the full technical report for our detailed analysis of FTCI support and resistance levels.