FLOTEK INDUSTRIES INC (FTK) Stock Technical Analysis
NYSE:FTK - US3433894090 - Common Stock
12.09 USD
-0.05 (-0.41%)
12.09 USD
0 (0%)
We assign a technical rating of 6 out of 10 to FTK. In the last year, FTK was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
When comparing the yearly performance of all stocks, we notice that FTK is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, FTK also shows a nice and consistent pattern of rising prices.
FTK is one of the better performing stocks in the Chemicals industry, it outperforms 92% of 84 stocks in the same industry.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
FTK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FTK is lagging the market.
In the last month FTK has a been trading in the 10.96 - 14.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, FTK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 12.17. Right above this resistance zone may be a good entry point.
More info and screens
7.69
13.95
When analyzing the support we can see 4 important areas.
- Support @11.59 from a trend line in the daily time frame.
- Support @11.39 from a horizontal line in the weekly time frame.
- Support @11.15 from a horizontal line in the daily time frame.
- Support @7.77 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 12.17 to 12.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.53 from a trend line in the daily time frame.
- Resistance @13.81 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 | 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 | 95.72 | POSITIVE | FTK has a high relative strength, it outperformed 95.72% 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) | DOWN | NEGATIVE | The current price of FTK is below a declining 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) | 46.62 | NEUTRAL | The RSI value for FTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests FTK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 34.15 | NEUTRAL | The Stochastics value for FTK is a neutral value. |
| Average True Range in percent/ATR (20) | 6.09 | HIGH VOLATILITY | The high ATR as a percentage value for FTK suggests high volalility. |
| Average Directional Index/ADX (14) | 16.87 | NEGATIVE | The low ADX value for FTK suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
12.09
-0.05 (-0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-0.41%
1 Week1.43%
2 Weeks1.34%
1 Month6.05%
3 Month-17.59%
6 Month50.94%
12 Month185.14%
2 Year129.24%
3 Year103.54%
5 Year-12.01%
10 Year-89.7%
15 Year38.97%
Volatility
ATR(14)0.67
ATR(20)%6.09%
ATR Inc-64.86%
Range Today0.27
ADR(20)0.72
ADR(20)%5.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.72
Mansfield1.94
10 Day High12.84
10 Day Low10.96
20 Day High14.42
20 Day Low10.96
52 Week High16.87
52 Week Low3.79
CS1 End11.59
CR1 Start12.17
Volume & EV
DER(3)-3.72%
DER(5)-1.58%
Volume226.00K
Volume Incr-47.78%
Vol(5)257.72K
Vol(50)550.71K