FTC SOLAR INC (FTCI) Stock Technical Analysis
NASDAQ:FTCI - Nasdaq - US30320C3016 - Common Stock - Currency: USD
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.
The long and short term trends are both positive. This is looking good!
FTCI is part of the Electrical Equipment industry. There are 94 other stocks in this industry. FTCI outperforms 83% of them.
In the last month FTCI has a been trading in the 3.34 - 4.56 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 relatively good performance is mostly due to a recent big move.
FTCI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FTCI is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
FTCI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for FTCI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.64
4.71
When analyzing the support we can see 4 important areas.
- A support zone ranging from 4.06 to 4.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.98 from a trend line in the daily time frame.
- Support @3.80 from a trend line in the daily time frame.
- Support @2.67 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @4.66 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 | UP | POSITIVE | The short term trend for FTCI is up. |
| ChartMill Relative Strength | 91.08 | POSITIVE | FTCI has a high relative strength, it outperformed 91.08% 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) | 66.39 | 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. |
| Stochastics (14,3) | 89.96 | OVERBOUGHT | The high Stochastics value suggests FTCI may be overbought. |
| Average True Range in percent/ATR (20) | 7.38 | HIGH VOLATILITY | The high ATR as a percentage value for FTCI suggests high volalility. |
| Average Directional Index/ADX (14) | 31.73 | 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.
4.5
+0.1 (+2.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg2.27%
1 Week8.96%
2 Weeks17.49%
1 Month22.62%
3 Month73.08%
6 Month49.01%
12 Month-4.09%
2 Year-86.02%
3 Year-87.57%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%7.38%
ATR Inc-10.25%
Range Today0.23
ADR(20)0.33
ADR(20)%7.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.08
Mansfield1.2
10 Day High4.56
10 Day Low3.54
20 Day High4.56
20 Day Low3.34
52 Week High7.4
52 Week Low1.76
CS1 End4.06
CR1 Start4.66
Volume & EV
DER(3)10.16%
DER(5)5.95%
Volume44.65K
Volume Incr24.4%
Vol(5)110.79K
Vol(50)112.67K