Forty Seven Inc (FTSV) Stock Technical Analysis
NASDAQ:FTSV - Nasdaq -
Taking everything into account, FTSV scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FTSV is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, FTSV did better than 99% of all other stocks.
FTSV is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so FTSV is leading the market.
In the last month FTSV has a been trading in the 88.00 - 95.52 range, which is quite wide. It is currently trading near the high of this range.
FTSV has an average volume of 1897280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, FTSV 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 95.52. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
56.98
96.48
2 important support areas can be observed.
- Support @90.39 from a horizontal line in the daily time frame.
- Support @57.56 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 95.52 to 95.52. 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 FTSV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FTSV is up. |
| ChartMill Relative Strength | 99.78 | POSITIVE | FTSV has a high relative strength, it outperformed 99.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FTSV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FTSV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FTSV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 81.68 | OVERBOUGHT | The high RSI value suggests FTSV may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.55 | NEGATIVE | The MACD value suggests FTSV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 99.89 | OVERBOUGHT | The high Stochastics value suggests FTSV may be overbought. |
| Average True Range in percent/ATR (20) | 1.62 | LOW VOLATILITY | The low ATR as a percentage value for FTSV suggests low volalility. |
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)
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 |
|---|---|---|---|
| 95.53 | 92.90 | 2.63 (2.75%) | 25.00% |
| An entry @95.53. This is a Buy Stop order right above the resistance zone. | An exit @92.90. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.63 points, which is 2.75%. | For a 0.69% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
95.51
+0.05 (+0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.05%
1 Week0.15%
2 Weeks2.71%
1 Month1.03%
3 Month170.72%
6 Month1499.83%
12 Month413.5%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.41
ATR(20)%1.62%
ATR Inc-97.05%
Range Today0.06
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.78
Mansfield27.97
10 Day High95.52
10 Day Low92.91
20 Day High95.52
20 Day Low88
52 Week High95.52
52 Week Low5.53
CS1 End90.39
CR1 Start95.52
Volume & EV
DER(3)-2.51%
DER(5)-2.61%
Volume693.90K
Volume Incr-47.2%
Vol(5)1.23M
Vol(50)1.90M