FTG Technical Analysis - FIRAN TECHNOLOGY GROUP CORP

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to FTG. FTG 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.

In the last month FTG has a been trading in the 9.78 - 12.89 range, which is quite wide. It is currently trading near the lows of this range.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

When compared to the yearly performance of all other stocks, FTG outperforms 67% of them, which is more or less in line with the market.

FTG is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 58% of 13 stocks in the same industry.

FTG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FTG is lagging the market.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

FIRAN TECHNOLOGY GROUP CORP / FTG Weekly stock chart

FIRAN TECHNOLOGY GROUP CORP / FTG Daily stock chart

Setup Rating and Analysis

The technical rating of FTG is bad and it also does not present a 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

8.18

12.68

When analyzing the support we can see 3 important areas.

A support zone ranging from 10.11 to 10.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @8.53 from a trend line in the weekly time frame.
Support @8.26 from a trend line in the weekly time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 11.79 to 11.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @12.55 from a horizontal line in the daily time frame.

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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 FTG.CA is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for FTG.CA is down.
ChartMill Relative Strength	67.22	NEUTRAL	FTG.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of FTG.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of FTG.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of FTG.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	32.57	NEUTRAL	The RSI value for FTG.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.2	NEGATIVE	The MACD value suggests FTG.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	10.24	OVERSOLD	The low Stochastics value suggests FTG.CA may be oversold.
Average True Range in percent/ATR (20)	4.95	MEDIUM VOLATILITY	The ATR as a percentage value for FTG.CA suggests some volalility.
Average Directional Index/ADX (14)	22.21	NEUTRAL	The ADX value for FTG.CA suggests a possible start of a new trend.