FLOTEK INDUSTRIES INC (FTK) Technical Analysis
NYSE:FTK • US3433894090
We assign a technical rating of 9 out of 10 to FTK. FTK has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- 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. We also observe that the gains produced by FTK over the past year are nicely spread over this period.
- FTK is one of the better performing stocks in the Chemicals industry, it outperforms 86% of 83 stocks in the same industry.
- A new 52 week high is currently being made by FTK, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so FTK is leading the market.
- In the last month FTK has a been trading in the 14.92 - 20.41 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days.
Although FTK has an excellent technical rating, the quality of the presented setup is not ideal 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
9.57
We found 3 important support areas.
- Support @15.72 from a trend line in the daily time frame.
- A support zone ranging from 15.18 to 15.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.67 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @17.81 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for FTK is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FTK is up. |
| ChartMill Relative Strength | 92.02 | POSITIVE | FTK has a high relative strength, it outperformed 92.02% 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) | 54.88 | NEUTRAL | The RSI value for FTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests FTK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.94 | NEUTRAL | The Stochastics value for FTK is a neutral value. |
| Average True Range in percent/ATR (20) | 6.91 | HIGH VOLATILITY | The high ATR as a percentage value for FTK suggests high volalility. |
| Average Directional Index/ADX (14) | 14.66 | NEGATIVE | The low ADX value for FTK suggests a weak or negative trend. |
FTK Technicals: Chart, Performance Metrics, Trend & Indicators
17.68
-0.68 (-3.7%)
FLOTEK INDUSTRIES INC / FTK FAQ
What is the ChartMill technical rating of FLOTEK INDUSTRIES INC (FTK) stock?
ChartMill assigns a technical rating of 9 / 10 to FTK.
Can you provide the trend direction for FLOTEK INDUSTRIES INC?
The current trend direction for FLOTEK INDUSTRIES INC (FTK) is Bearish.
Can you provide the RSI signal for FLOTEK INDUSTRIES INC?
FLOTEK INDUSTRIES INC (FTK) has an RSI value of 54.8815. 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 0.190621, 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 15.72 and a resistance level at 17.81. Check the full technical report for our detailed analysis of FTK support and resistance levels.