Taking everything into account, FTRE scores 3 out of 10 in our technical rating. FTRE performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
FTRE has a bad technical rating, but it does show 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 11.64. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.11, a Stop Loss order could be placed below this zone.
More info and screens
9.28
We found 3 important support areas.
- A support zone ranging from 9.90 to 10.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.69 to 9.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @9.37 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.64 to 11.70. 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 | 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 | 31.58 | NEUTRAL | FTRE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FTRE is above 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 | MIXED | The current price of FTRE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.93 | NEUTRAL | The RSI value for FTRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests FTRE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.82 | NEUTRAL | The Stochastics value for FTRE is a neutral value. |
| Average True Range in percent/ATR (20) | 8.9 | HIGH VOLATILITY | The high ATR as a percentage value for FTRE suggests high volalility. |
| Average Directional Index/ADX (14) | 22.43 | NEUTRAL | The ADX value for FTRE suggests a possible start of a new trend. |
10.9
+0.86 (+8.57%)
FORTREA HOLDINGS INC / FTRE FAQ
What is the ChartMill technical rating of FORTREA HOLDINGS INC (FTRE) stock?
ChartMill assigns a technical rating of 3 / 10 to FTRE.
What is the current trend direction of FORTREA HOLDINGS INC (FTRE) stock?
The current trend direction for FORTREA HOLDINGS INC (FTRE) is Bearish.
What is the RSI signal for FTRE stock?
FORTREA HOLDINGS INC (FTRE) has an RSI value of 53.9324. This indicates that the stock is currently neutral.
What is the MACD signal for FORTREA HOLDINGS INC (FTRE) stock?
The MACD indicator for FORTREA HOLDINGS INC (FTRE) has a value of -0.0945332, indicating a bearish trend.
What are the support and resistance levels for FORTREA HOLDINGS INC (FTRE) stock?
FORTREA HOLDINGS INC (FTRE) has a support level at 10.11 and a resistance level at 11.64. Check the full technical report for our detailed analysis of FTRE support and resistance levels.