FLOTEK INDUSTRIES INC (FTK) Stock Technical Analysis
NYSE:FTK • US3433894090
Taking everything into account, FTK scores 5 out of 10 in our technical rating. FTK was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month FTK has a been trading in the 15.71 - 18.68 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 92% 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 95% of 83 stocks in the same industry.
- 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 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.
- Considerably lower volume is observed in the last couple of days.
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. There is a support zone below the current price at 16.01, a Stop Loss order could be placed below this zone.
More info and screens
9.43
When analyzing the support we can see 2 important areas.
- A support zone ranging from 16.01 to 16.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.53 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @16.07 from a horizontal line in the daily time frame.
- A resistance zone ranging from 16.98 to 17.81. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 92.53 | POSITIVE | FTK has a high relative strength, it outperformed 92.53% 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) | 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) | 41.86 | NEUTRAL | The RSI value for FTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests FTK has a negative trend. |
| Stochastics (14,3) | 17.65 | OVERSOLD | The low Stochastics value suggests FTK may be oversold. |
| Average True Range in percent/ATR (20) | 6.96 | HIGH VOLATILITY | The high ATR as a percentage value for FTK suggests high volalility. |
| Average Directional Index/ADX (14) | 13.66 | NEGATIVE | The low ADX value for FTK suggests a weak or negative trend. |
16.02
-0.19 (-1.17%)
FLOTEK INDUSTRIES INC / FTK FAQ
What is the ChartMill technical rating of FLOTEK INDUSTRIES INC (FTK) stock?
ChartMill assigns a technical rating of 5 / 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 41.859. 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 -0.156908, 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 16.01 and a resistance level at 16.07. Check the full technical report for our detailed analysis of FTK support and resistance levels.