FTC SOLAR INC (FTCI) Stock Technical Analysis
NASDAQ:FTCI - Nasdaq - US30320C3016 - Common Stock - Currency: USD
Taking everything into account, FTCI scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FTCI is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
FTCI is one of the better performing stocks in the Electrical Equipment industry, it outperforms 84% of 94 stocks in the same industry.
In the last month FTCI has a been trading in the 3.34 - 4.65 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that FTCI is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
FTCI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FTCI is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although FTCI has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
2.64
4.71
When analyzing the support we can see 3 important areas.
- A support zone ranging from 4.06 to 4.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.90 from a trend line in the daily time frame.
- Support @2.67 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.59 to 4.66. 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 FTCI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FTCI is up. |
| ChartMill Relative Strength | 92.27 | POSITIVE | FTCI has a high relative strength, it outperformed 92.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FTCI is above the rising 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) | 67.62 | NEUTRAL | The RSI value for FTCI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests FTCI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.66 | OVERBOUGHT | The high Stochastics value suggests FTCI may be overbought. |
| Average True Range in percent/ATR (20) | 7.02 | HIGH VOLATILITY | The high ATR as a percentage value for FTCI suggests high volalility. |
| Average Directional Index/ADX (14) | 35.18 | POSITIVE | The high ADX value value for FTCI suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 4.67 | 4.05 | 0.62 (13.28%) | 7.53% |
| An entry @4.67. This is a Buy Stop order right above the resistance zone. | An exit @4.05. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.62 points, which is 13.28%. | For a 1.00% total portfolio risk, you can invest 7.53% of your capital in this trade. |
- 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.
4.58
-0.01 (-0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-0.22%
1 Week6.51%
2 Weeks11.44%
1 Month10.36%
3 Month76.15%
6 Month51.66%
12 Month-2.39%
2 Year-85.78%
3 Year-87.35%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%7.02%
ATR Inc-11.33%
Range Today0.27
ADR(20)0.32
ADR(20)%6.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.27
Mansfield1.51
10 Day High4.65
10 Day Low3.95
20 Day High4.65
20 Day Low3.34
52 Week High7.4
52 Week Low1.76
CS1 End4.13
CR1 Start4.59
Volume & EV
DER(3)9.81%
DER(5)10.11%
Volume126.70K
Volume Incr0.77%
Vol(5)96.08K
Vol(50)93.22K