FORTREA HOLDINGS INC (FTRE) Stock Technical Analysis
USA - NASDAQ:FTRE - US34965K1079 - Common Stock
Overall FTRE gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FTRE is showing a nice and steady performance.
Although FTRE has an excellent technical rating, it 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.
More info and screens
9.25
We found 2 important support areas.
- A support zone ranging from 9.91 to 9.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 9.34 to 9.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 11.64 to 11.64. 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 | UP | POSITIVE | The long term trend for FTRE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FTRE is up. |
| ChartMill Relative Strength | 82.53 | POSITIVE | FTRE has a high relative strength, it outperformed 82.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FTRE is above the rising 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) | 54.67 | NEUTRAL | The RSI value for FTRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests FTRE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.47 | NEUTRAL | The Stochastics value for FTRE is a neutral value. |
| Average True Range in percent/ATR (20) | 6.61 | HIGH VOLATILITY | The high ATR as a percentage value for FTRE suggests high volalility. |
| Average Directional Index/ADX (14) | 24.17 | NEUTRAL | The ADX value for FTRE suggests a possible start of a new trend. |
10.39
-0.91 (-8.05%)
FORTREA HOLDINGS INC / FTRE FAQ
What is the ChartMill technical rating of FORTREA HOLDINGS INC (FTRE) stock?
ChartMill assigns a technical rating of 9 / 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 Bullish.
What is the RSI signal for FTRE stock?
FORTREA HOLDINGS INC (FTRE) has an RSI value of 54.6709. 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 0.0913507, 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 9.93 and a resistance level at 11.64. Check the full technical report for our detailed analysis of FTRE support and resistance levels.