FORTREA HOLDINGS INC (FTRE) Stock Technical Analysis
NASDAQ:FTRE - Nasdaq - US34965K1079 - Common Stock - Currency: USD
Overall FTRE gets a technical rating of 0 out of 10. FTRE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, FTRE is a bad performer in the overall market: 97% of all stocks are doing better.
FTRE is part of the Life Sciences Tools & Services industry. There are 55 other stocks in this industry, of which 92% are performing better than FTRE.
FTRE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
FTRE has an average volume of 3092450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month FTRE has a been trading in the 4.36 - 6.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FTRE has a poor technical rating and the quality of the setup is also not perfect 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
4.40
6.39
We found 1 important support area.
- A support zone ranging from 4.44 to 4.51. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 5.23 to 5.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.33 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for FTRE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FTRE is neutral. |
| ChartMill Relative Strength | 3.75 | NEGATIVE | FTRE has a low relative strength, it was outperformed by 96.25% 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) | DOWN | NEGATIVE | The current price of FTRE is below a declining 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) | 49.32 | NEUTRAL | The RSI value for FTRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests FTRE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 60.39 | NEUTRAL | The Stochastics value for FTRE is a neutral value. |
| Average True Range in percent/ATR (20) | 8.98 | HIGH VOLATILITY | The high ATR as a percentage value for FTRE suggests high volalility. |
| Average Directional Index/ADX (14) | 19.92 | NEGATIVE | The low ADX value for FTRE suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
5.11
-0.16 (-3.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg-3.04%
1 Week-2.11%
2 Weeks-1.73%
1 Month-5.89%
3 Month-1.35%
6 Month-71.91%
12 Month-80.35%
2 Year-84.01%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%8.98%
ATR Inc14.49%
Range Today0.19
ADR(20)0.44
ADR(20)%8.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.75
Mansfield-6.85
10 Day High5.63
10 Day Low4.36
20 Day High6.56
20 Day Low4.36
52 Week High28.41
52 Week Low3.97
CS1 End4.51
CR1 Start5.23
Volume & EV
DER(3)3.94%
DER(5)2.67%
Volume1.40M
Volume Incr-23.29%
Vol(5)2.24M
Vol(50)3.09M