Flotek Industries Inc (FTK)       1.07  -0.01 (-0.93%)

1.07  -0.01 (-0.93%)

US3433891021 - Common Stock

Technical Rating

Taking everything into account, FTK scores 0 out of 10 in our technical rating. FTK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.



The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
FTK is currently trading in the middle of its 52 week range. The S&P500 Index is currently trading in the lower part of its 52 week range, so FTK is still doing slightly better than the market.
When comparing the yearly performance of all stocks, FTK is a bad performer in the overall market: 78% of all stocks are doing better.
FTK is part of the Chemicals industry. There are 123 other stocks in this industry, of which 78% are performing better than FTK.
In the last month FTK has a been trading in the 1.04 - 1.45 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.

Statistics

1 Month 3 Months 6 Months 12 Months -15.08% -23.57% 74.67% -43.68% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 22.49 0.5292 - 1.97
FTK Weekly chart
FTK Daily chart

Support/Resistance Analysis


1.05

1.39
When analyzing the support we notice one important area.
  • A support zone ranging from 1.06 to 1.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
  • A resistance zone ranging from 1.28 to 1.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Resistance @1.33 from a trend line in the weekly time frame.
  • A resistance zone ranging from 1.36 to 1.38. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

The technical rating of FTK 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.


FTK Daily chart

Flotek Industries Inc1.07

NYSE:FTK (6/24/2022, 7:04:00 PM)-0.01 (-0.93%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Materials
GICS Industry Chemicals
Performance
Today -0.93% 1 Week -7.76%
2 Weeks -19.55% 1 Month -15.08%
3 Month -23.57% 6 Month 74.67%
Volatility
ATR(14) 0.08 ATR(20)% 7.78%
ATR Inc -29.31% Range Today 0.05
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 22.49 Mansfield -0.24
10 Day High 1.33 10 Day Low 1.04
20 Day High 1.45 20 Day Low 1.04
52 Week High 1.97 52 Week Low 0.53
CS1 End 1.06 CR1 Start 1.28
Volume & EV
DER(3) -1.39% DER(5) -6.38%
Volume 284.40K Volume Incr 16.81%
Vol(5) 416.80K Vol(50) 584.44K

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