FLOTEK INDUSTRIES INC (FTK) Technical Analysis
NYSE:FTK • US3433894090
Current stock price
FTK Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to FTK. Both in the recent history as in the last year, FTK has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, FTK did better than 93% 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 one of the better performing stocks in the Chemicals industry, it outperforms 82% of 83 stocks in the same industry.
- FTK is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so FTK is performing more or less in line with the market.
- In the last month FTK has a been trading in the 14.95 - 20.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FTK Weekly and Daily overview Charts
FTK Setup Rating and Analysis
Besides having an excellent technical rating, FTK also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 17.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.05, a Stop Loss order could be placed below this zone.
More info and screens
FTK Support and Resistance Analysis
9.71
When analyzing the support we can see 4 important areas.
- A support zone ranging from 16.75 to 17.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.08 to 16.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 15.18 to 15.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.81 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 17.81 to 18.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @18.55 from a horizontal line 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 | 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 | 93.22 | POSITIVE | FTK has a high relative strength, it outperformed 93.22% 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) | 53.12 | NEUTRAL | The RSI value for FTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests FTK has a positive trend. |
| Stochastics (14,3) | 46.64 | NEUTRAL | The Stochastics value for FTK is a neutral value. |
| Average True Range in percent/ATR (20) | 7.26 | HIGH VOLATILITY | The high ATR as a percentage value for FTK suggests high volalility. |
| Average Directional Index/ADX (14) | 10.23 | 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 |
|---|---|---|---|
| 18.09 | 16.74 | 1.35 (7.46%) | 13.40% |
| An entry @18.09. This is a Buy Stop order right above the resistance zone. | An exit @16.74. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.35 points, which is 7.46%. | When investing 13.40% 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
17.42
-0.03 (-0.17%)
FLOTEK INDUSTRIES INC / FTK TA 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 53.1244. 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 0.054142, 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 17.05 and a resistance level at 17.81. Check the full technical report for our detailed analysis of FTK support and resistance levels.