FLOTEK INDUSTRIES INC (FTK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FTK - US3433894090 - Common Stock
We assign a technical rating of 10 out of 10 to FTK. 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.
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.
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8.90
4 important support areas can be observed.
- A support zone ranging from 16.26 to 16.29. 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 @14.69 from a trend line in the daily time frame.
- Support @8.99 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- 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 | 93.31 | POSITIVE | FTK has a high relative strength, it outperformed 93.31% 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) | 55.94 | NEUTRAL | The RSI value for FTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests FTK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.29 | NEUTRAL | The Stochastics value for FTK is a neutral value. |
| Average True Range in percent/ATR (20) | 4.93 | MEDIUM VOLATILITY | The ATR as a percentage value for FTK suggests some volalility. |
| Average Directional Index/ADX (14) | 24.37 | NEUTRAL | The ADX value for FTK suggests a possible start of a new trend. |
17.05
-0.18 (-1.04%)
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 55.9357. 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 0.0329829, 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 16.29 and a resistance level at 17.56. Check the full technical report for our detailed analysis of FTK support and resistance levels.