FTRE Technical Analysis - FORTREA HOLDINGS INC

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to FTRE. FTRE has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

FTRE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month FTRE has a been trading in the 8.78 - 11.98 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.

FTRE is one of the better performing stocks in the Life Sciences Tools & Services industry, it outperforms 81% of 56 stocks in the same industry.

FTRE has an average volume of 1849610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

Looking at the yearly performance, FTRE did better than 72% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

FORTREA HOLDINGS INC / FTRE Weekly stock chart

FORTREA HOLDINGS INC / FTRE Daily stock chart

Setup Rating and Analysis

FTRE has an average technical rating and it also 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

5.43

11.06

We found 1 important support area.

Support @5.48 from a trend line in the weekly time frame.

3 important resistance areas can be observed.

A resistance zone ranging from 10.11 to 10.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @10.49 from a trend line in the weekly time frame.
Resistance @10.95 from a trend line in the daily time frame.

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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 FTRE is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for FTRE is neutral.
ChartMill Relative Strength	72.56	POSITIVE	FTRE has a high relative strength, it outperformed 72.56% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of FTRE is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of FTRE is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of FTRE is below a declining SMA(200).
Relative Strength Index/RSI (14)	44.94	NEUTRAL	The RSI value for FTRE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.28	NEGATIVE	The MACD value suggests FTRE has a negative trend.
Stochastics (14,3)	4.23	OVERSOLD	The low Stochastics value suggests FTRE may be oversold.
Average True Range in percent/ATR (20)	7.42	HIGH VOLATILITY	The high ATR as a percentage value for FTRE suggests high volalility.
Average Directional Index/ADX (14)	32.64	POSITIVE	The high ADX value value for FTRE suggests a strong trend.