FLOTEK INDUSTRIES INC (FTK) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:FTK • US3433894090
Taking everything into account, FTK scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, FTK has proven to be a steady performer, scoring decent points in every aspect analyzed.
- 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.
- When comparing the yearly performance of all stocks, we notice that FTK is one of the better performing stocks in the market, outperforming 92% of all stocks. On top of that, FTK also shows a nice and consistent pattern of rising prices.
- FTK is part of the Chemicals industry. There are 83 other stocks in this industry. FTK outperforms 95% of them.
- FTK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FTK is lagging the market slightly.
- In the last month FTK has a been trading in the 15.91 - 20.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, FTK also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 16.77, a Stop Loss order could be placed below this zone.
More info and screens
9.17
4 important support areas can be observed.
- A support zone ranging from 16.48 to 16.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.07 to 16.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.67 from a trend line in the daily time frame.
- Support @9.26 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 | 92.14 | POSITIVE | FTK has a high relative strength, it outperformed 92.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FTK is below 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) | 51 | NEUTRAL | The RSI value for FTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests FTK has a negative trend. |
| Stochastics (14,3) | 61.17 | NEUTRAL | The Stochastics value for FTK is a neutral value. |
| Average True Range in percent/ATR (20) | 7.3 | HIGH VOLATILITY | The high ATR as a percentage value for FTK suggests high volalility. |
| Average Directional Index/ADX (14) | 13.79 | NEGATIVE | The low ADX value for FTK suggests a weak or negative 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 |
|---|---|---|---|
| 18.69 | 16.47 | 2.22 (11.88%) | 8.42% |
| An entry @18.69. This is a Buy Stop order right above the 10 day high. | An exit @16.47. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.22 points, which is 11.88%. | When investing 8.42% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
17.37
-1.18 (-6.36%)
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.
Can you provide the trend direction for FLOTEK INDUSTRIES INC?
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 50.9981. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FLOTEK INDUSTRIES INC?
The MACD indicator for FLOTEK INDUSTRIES INC (FTK) has a value of -0.00127842, indicating a bearish trend.
Can you provide the support and resistance levels for FLOTEK INDUSTRIES INC?
FLOTEK INDUSTRIES INC (FTK) has a support level at 16.77. Check the full technical report for our detailed analysis of FTK support and resistance levels.