FUEL TECH INC (FTEK) Technical Analysis
NASDAQ:FTEK • US3595231073
Current stock price
FTEK Technical Rating and Analysis
Overall FTEK gets a technical rating of 7 out of 10. In the past year, FTEK was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
- FTEK is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- FTEK is one of the better performing stocks in the Commercial Services & Supplies industry, it outperforms 88% of 81 stocks in the same industry.
- In the last month FTEK has a been trading in the 1.19 - 1.72 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Looking at the yearly performance, FTEK did better than 88% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
FTEK Weekly and Daily overview Charts
FTEK Setup Rating and Analysis
Although FTEK has an excellent technical rating, it does not offer a high quality setup 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
FTEK Support and Resistance Analysis
1.23
We found 2 important support areas.
- A support zone ranging from 1.38 to 1.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.24 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @1.66 from a horizontal line in the daily time frame.
FTEK 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 | NEUTRAL | NEUTRAL | The long term trend for FTEK is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FTEK is up. |
| ChartMill Relative Strength | 88.3 | POSITIVE | FTEK has a high relative strength, it outperformed 88.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FTEK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FTEK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FTEK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.85 | NEUTRAL | The RSI value for FTEK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests FTEK has a positive trend. |
| Stochastics (14,3) | 76.68 | NEUTRAL | The Stochastics value for FTEK is a neutral value. |
| Average True Range in percent/ATR (20) | 4.72 | MEDIUM VOLATILITY | The ATR as a percentage value for FTEK suggests some volalility. |
| Average Directional Index/ADX (14) | 21.41 | NEUTRAL | The ADX value for FTEK suggests a possible start of a new trend. |
FTEK Chart- and CandleStick Pattern Analysis
FTEK Technicals: Chart, Performance Metrics, Trend & Indicators
1.61
+0.04 (+2.55%)
FUEL TECH INC / FTEK TA FAQ
Can you provide the ChartMill technical rating for FUEL TECH INC?
ChartMill assigns a technical rating of 7 / 10 to FTEK.
What is the trend direction for FTEK stock?
The current trend direction for FUEL TECH INC (FTEK) is Bearish.
What is the RSI signal for FUEL TECH INC (FTEK) stock?
FUEL TECH INC (FTEK) has an RSI value of 69.8535. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FUEL TECH INC?
The MACD indicator for FUEL TECH INC (FTEK) has a value of 0.0321953, indicating a bearish trend.
Can you provide the short term momentum for FUEL TECH INC?
The short term momentum for FUEL TECH INC (FTEK) is positive.