FTCI Technical Analysis - FTC SOLAR INC

Technical Rating and Analysis

Overall FTCI gets a technical rating of 9 out of 10. 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.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

Both the short term and long term trends are positive. This is a very positive sign.

FTCI is part of the Electrical Equipment industry. There are 92 other stocks in this industry. FTCI outperforms 74% of them.

FTCI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FTCI is lagging the market slightly.

In the last month FTCI has a been trading in the 5.10 - 7.26 range, which is quite wide. It is currently trading near the high of this range.

Looking at the yearly performance, FTCI did better than 91% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

5.17

7.19

When analyzing the support we can see 3 important areas.

A support zone ranging from 6.56 to 6.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @5.98 from a horizontal line in the daily time frame.
A support zone ranging from 5.22 to 5.29. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 7.12 to 7.12. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 FTCI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for FTCI is up.
ChartMill Relative Strength	91.58	POSITIVE	FTCI has a high relative strength, it outperformed 91.58% 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)	61.04	NEUTRAL	The RSI value for FTCI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests FTCI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	80.07	OVERBOUGHT	The high Stochastics value suggests FTCI may be overbought.
Average True Range in percent/ATR (20)	7.66	HIGH VOLATILITY	The high ATR as a percentage value for FTCI suggests high volalility.
Average Directional Index/ADX (14)	20.14	NEUTRAL	The ADX value for FTCI suggests a possible start of a new trend.