FTC SOLAR INC (FTCI) Technical Analysis
NASDAQ:FTCI • US30320C3016
Current stock price
FTCI Technical Rating and Analysis
Overall FTCI gets a technical rating of 1 out of 10. FTCI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- FTCI is currently trading in the lower part 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.
- In the last month FTCI has a been trading in the 3.90 - 8.42 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the performance of all stocks over the past year, FTCI turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
- FTCI is part of the Electrical Equipment industry. There are 91 other stocks in this industry, FTCI did better than 51% of them.
FTCI Weekly and Daily overview Charts
FTCI Setup Rating and Analysis
FTCI has a poor technical rating and the quality of the setup is also not perfect 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
FTCI Support and Resistance Analysis
3.26
2 important support areas can be observed.
- A support zone ranging from 4.15 to 4.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.29 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @4.84 from a horizontal line in the daily time frame.
FTCI 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 | DOWN | NEGATIVE | The long term trend for FTCI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FTCI is down. |
| ChartMill Relative Strength | 62.47 | NEUTRAL | FTCI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FTCI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FTCI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of FTCI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 32.6 | NEUTRAL | The RSI value for FTCI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests FTCI has a positive trend. |
| Stochastics (14,3) | 16.17 | OVERSOLD | The low Stochastics value suggests FTCI may be oversold. |
| Average True Range in percent/ATR (20) | 16.09 | HIGH VOLATILITY | The high ATR as a percentage value for FTCI suggests high volalility. |
| Average Directional Index/ADX (14) | 43.82 | POSITIVE | The high ADX value value for FTCI suggests a strong trend. |
FTCI Chart- and CandleStick Pattern Analysis
FTCI Technicals: Chart, Performance Metrics, Trend & Indicators
4.63
+0.29 (+6.68%)
FTC SOLAR INC / FTCI TA FAQ
What is the ChartMill technical rating of FTC SOLAR INC (FTCI) stock?
ChartMill assigns a technical rating of 1 / 10 to FTCI.
What is the trend direction for FTCI stock?
The current trend direction for FTC SOLAR INC (FTCI) is Bearish.
Can you provide the RSI signal for FTC SOLAR INC?
FTC SOLAR INC (FTCI) has an RSI value of 32.5969. This indicates that the stock is currently neutral.
Can you provide the short term momentum for FTC SOLAR INC?
The short term momentum for FTC SOLAR INC (FTCI) is negative.
What are the support and resistance levels for FTC SOLAR INC (FTCI) stock?
FTC SOLAR INC (FTCI) has a support level at 4.17 and a resistance level at 4.84. Check the full technical report for our detailed analysis of FTCI support and resistance levels.