FLOTEK INDUSTRIES INC (FTK) Stock Technical Analysis
NYSE:FTK - New York Stock Exchange, Inc. - US3433894090 - Common Stock - Currency: USD
Taking everything into account, FTK scores 9 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month FTK has a been trading in the 13.43 - 16.87 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, FTK did better than 98% of all other stocks. On top of that, FTK also shows a nice and consistent pattern of rising prices.
FTK is one of the better performing stocks in the Chemicals industry, it outperforms 98% of 84 stocks in the same industry.
FTK is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so FTK is performing more or less in line with the market.
Besides having an excellent technical rating, FTK also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
7.03
14.20
2 important support areas can be observed.
- A support zone ranging from 14.05 to 14.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.10 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 FTK is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FTK is neutral. |
| ChartMill Relative Strength | 98.43 | POSITIVE | FTK has a high relative strength, it outperformed 98.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FTK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FTK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FTK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.96 | NEUTRAL | The RSI value for FTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests FTK has a negative trend. |
| Stochastics (14,3) | 30.23 | NEUTRAL | The Stochastics value for FTK is a neutral value. |
| Average True Range in percent/ATR (20) | 7.43 | HIGH VOLATILITY | The high ATR as a percentage value for FTK suggests high volalility. |
| Average Directional Index/ADX (14) | 41.97 | POSITIVE | The high ADX value value for FTK 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)
14.06
-0.39 (-2.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-2.7%
1 Week-14.16%
2 Weeks-2.77%
1 Month-6.52%
3 Month61.98%
6 Month92.08%
12 Month221.01%
2 Year219.26%
3 Year136.22%
5 Year95.28%
10 Year-81.3%
15 Year93.66%
Volatility
ATR(14)1.15
ATR(20)%7.43%
ATR Inc-21.99%
Range Today0.69
ADR(20)1.04
ADR(20)%7.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.43
Mansfield7.71
10 Day High16.87
10 Day Low13.89
20 Day High16.87
20 Day Low13.43
52 Week High16.87
52 Week Low3.79
CS1 End14.05
CR1 StartN/A
Volume & EV
DER(3)-2.98%
DER(5)-1.93%
Volume700.50K
Volume Incr30.49%
Vol(5)607.62K
Vol(50)433.19K