FLOTEK INDUSTRIES INC (FTK) Technical Analysis
NYSE:FTK • US3433894090
Current stock price
FTK Technical Rating and Analysis
Taking everything into account, FTK scores 6 out of 10 in our technical rating. Although FTK is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Looking at the yearly performance, FTK did better than 92% of all other 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 82 other stocks in this industry. FTK outperforms 85% 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.
- In the last month FTK has a been trading in the 14.63 - 17.57 range, which is quite wide. It is currently trading near the high of this range.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- Considerably lower volume is observed in the last couple of days.
FTK Weekly and Daily overview Charts
FTK Setup Rating and Analysis
FTK has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
FTK Support and Resistance Analysis
10.04
4 important support areas can be observed.
- A support zone ranging from 16.54 to 16.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.63 from a trend line in the daily time frame.
- A support zone ranging from 15.12 to 15.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.14 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @17.46 from a trend line in the daily time frame.
- A resistance zone ranging from 17.81 to 17.81. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 18.36 to 18.55. This zone is formed by a combination of multiple trend lines in the daily time frame.
FTK Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for FTK is neutral. |
| ChartMill Relative Strength | 92.35 | POSITIVE | FTK has a high relative strength, it outperformed 92.35% 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) | DOWN | MIXED | The current price of FTK is above 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) | 54.24 | NEUTRAL | The RSI value for FTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests FTK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.01 | NEUTRAL | The Stochastics value for FTK is a neutral value. |
| Average True Range in percent/ATR (20) | 4.73 | MEDIUM VOLATILITY | The ATR as a percentage value for FTK suggests some volalility. |
| Average Directional Index/ADX (14) | 14.76 | NEGATIVE | The low ADX value for FTK suggests a weak or negative trend. |
FTK Chart- and CandleStick Pattern Analysis
FTK Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 17.47 | 16.53 | 0.94 (5.38%) | 18.59% |
| An entry @17.47. This is a Buy Stop order right above the resistance zone. | An exit @16.53. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.94 points, which is 5.38%. | When investing 18.59% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of FTK. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
FTK Technicals: Chart, Performance Metrics, Trend & Indicators
16.88
-0.02 (-0.12%)
FLOTEK INDUSTRIES INC / FTK TA FAQ
What is the ChartMill technical rating of FLOTEK INDUSTRIES INC (FTK) stock?
ChartMill assigns a technical rating of 6 / 10 to FTK.
Can you provide the trend direction for FLOTEK INDUSTRIES INC?
The current trend direction for FLOTEK INDUSTRIES INC (FTK) is Bearish.
What is the RSI signal for FTK stock?
FLOTEK INDUSTRIES INC (FTK) has an RSI value of 54.2378. 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 neutral.
What is the support and resistance level for FTK stock?
FLOTEK INDUSTRIES INC (FTK) has a support level at 16.66 and a resistance level at 17.46. Check the full technical report for our detailed analysis of FTK support and resistance levels.