FLOTEK INDUSTRIES INC (FTK) Stock Technical Analysis
NYSE:FTK - New York Stock Exchange, Inc. - US3433894090 - Common Stock - Currency: USD
Overall FTK gets a technical rating of 8 out of 10. 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.
In the last month FTK has a been trading in the 12.94 - 16.52 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
When comparing the yearly performance of all stocks, we notice that FTK is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by FTK over the past year are nicely spread over this period.
FTK is part of the Chemicals industry. There are 85 other stocks in this industry. FTK outperforms 98% 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.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Although FTK has an excellent technical rating, it does not offer a high quality setup 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
7.00
15.02
3 important support areas can be observed.
- A support zone ranging from 13.27 to 13.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.37 from a trend line in the weekly time frame.
- Support @7.07 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.85 to 14.87. This zone is formed by a combination of multiple trend lines 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 | 97.82 | POSITIVE | FTK has a high relative strength, it outperformed 97.82% 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) | 38.93 | NEUTRAL | The RSI value for FTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests FTK has a negative trend. |
| Stochastics (14,3) | 15.98 | OVERSOLD | The low Stochastics value suggests FTK may be oversold. |
| Average True Range in percent/ATR (20) | 5.8 | HIGH VOLATILITY | The high ATR as a percentage value for FTK suggests high volalility. |
| Average Directional Index/ADX (14) | 22.19 | NEUTRAL | The ADX value for FTK suggests a possible start of a new 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)
13.34
+0.06 (+0.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg0.45%
1 Week-9.8%
2 Weeks-8.82%
1 Month-18.56%
3 Month95.6%
6 Month50.91%
12 Month171.14%
2 Year168.84%
3 Year100.3%
5 Year61.11%
10 Year-87.01%
15 Year90.03%
Volatility
ATR(14)0.72
ATR(20)%5.8%
ATR Inc-15.5%
Range Today0.4
ADR(20)0.76
ADR(20)%5.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.82
Mansfield4.81
10 Day High15.27
10 Day Low12.94
20 Day High16.52
20 Day Low12.94
52 Week High16.87
52 Week Low3.79
CS1 End13.27
CR1 Start14.85
Volume & EV
DER(3)1.42%
DER(5)0.39%
Volume400.70K
Volume Incr-38.35%
Vol(5)477.32K
Vol(50)621.51K