FLOTEK INDUSTRIES INC (FTK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FTK - US3433894090 - Common Stock
Overall FTK gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FTK is showing a nice and steady performance.
Besides having an excellent technical rating, FTK also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 16.47, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FTK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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8.90
4 important support areas can be observed.
- A support zone ranging from 16.19 to 16.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 15.18 to 15.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.64 from a trend line in the daily time frame.
- Support @8.99 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @17.56 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 18.75 to 18.75. This zone is formed by a combination of multiple trend lines in the daily 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 | UP | POSITIVE | The short term trend for FTK is up. |
| ChartMill Relative Strength | 93.88 | POSITIVE | FTK has a high relative strength, it outperformed 93.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FTK is above the rising 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) | 57.81 | NEUTRAL | The RSI value for FTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests FTK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.52 | NEUTRAL | The Stochastics value for FTK is a neutral value. |
| Average True Range in percent/ATR (20) | 5.06 | HIGH VOLATILITY | The high ATR as a percentage value for FTK suggests high volalility. |
| Average Directional Index/ADX (14) | 24.15 | NEUTRAL | The ADX value for FTK suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 17.57 | 15.80 | 1.77 (10.07%) | 9.93% |
| An entry @17.57. This is a Buy Stop order right above the resistance zone. | An exit @15.80. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.77 points, which is 10.07%. | For a 1.00% total portfolio risk, you can invest 9.93% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
17.23
-0.06 (-0.35%)
FLOTEK INDUSTRIES INC / FTK FAQ
What is the ChartMill technical rating of FLOTEK INDUSTRIES INC (FTK) stock?
ChartMill assigns a technical rating of 10 / 10 to FTK.
What is the current trend direction of FLOTEK INDUSTRIES INC (FTK) stock?
The current trend direction for FLOTEK INDUSTRIES INC (FTK) is Bullish.
Can you provide the RSI signal for FLOTEK INDUSTRIES INC?
FLOTEK INDUSTRIES INC (FTK) has an RSI value of 57.8078. This indicates that the stock is currently neutral.
Can you provide the short term momentum for FLOTEK INDUSTRIES INC?
The short term momentum for FLOTEK INDUSTRIES INC (FTK) is positive.
What are the support and resistance levels for FLOTEK INDUSTRIES INC (FTK) stock?
FLOTEK INDUSTRIES INC (FTK) has a support level at 16.47 and a resistance level at 17.56. Check the full technical report for our detailed analysis of FTK support and resistance levels.