FLOTEK INDUSTRIES INC (FTK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FTK - US3433894090 - Common Stock
Taking everything into account, FTK scores 6 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.
FTK has an average technical rating and also the quality of the setup is only medium 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.
More info and screens
8.56
2 important support areas can be observed.
- A support zone ranging from 13.46 to 14.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.65 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.30 to 14.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for FTK is down. |
| ChartMill Relative Strength | 92.17 | POSITIVE | FTK has a high relative strength, it outperformed 92.17% 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 | MIXED | The current price of FTK is below 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) | 45.07 | NEUTRAL | The RSI value for FTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests FTK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.5 | NEUTRAL | The Stochastics value for FTK is a neutral value. |
| Average True Range in percent/ATR (20) | 7.82 | HIGH VOLATILITY | The high ATR as a percentage value for FTK suggests high volalility. |
| Average Directional Index/ADX (14) | 20.3 | NEUTRAL | The ADX value for FTK suggests a possible start of a new trend. |
14.29
+0.26 (+1.85%)
FLOTEK INDUSTRIES INC / FTK FAQ
What is the ChartMill technical rating of FLOTEK INDUSTRIES INC (FTK) stock?
ChartMill assigns a technical rating of 6 / 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 45.0697. 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 negative.
What are the support and resistance levels for FLOTEK INDUSTRIES INC (FTK) stock?
FLOTEK INDUSTRIES INC (FTK) has a support level at 14.16 and a resistance level at 14.3. Check the full technical report for our detailed analysis of FTK support and resistance levels.