Forty Seven Inc (FTSV) Technical Analysis
NASDAQ:FTSV
Current stock price
FTSV Technical Rating and Analysis
Overall FTSV gets a technical rating of 10 out of 10. Both in the recent history as in the last year, FTSV has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- 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.
FTSV Weekly and Daily overview Charts
FTSV Setup Rating and Analysis
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
FTSV Support and Resistance Analysis
56.98
We found 2 important support areas.
- Support @90.39 from a horizontal line in the daily time frame.
- Support @57.56 from a trend line in the daily time frame.
When analyzing the resistance we notice one important 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.
FTSV 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 | 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. |
FTSV Chart- and CandleStick Pattern Analysis
FTSV Example Setup
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 trade has a worst case loss of 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.
FTSV Technicals: Chart, Performance Metrics, Trend & Indicators
95.51
+0.05 (+0.05%)
Forty Seven Inc / FTSV TA FAQ
What is the technical rating for FTSV stock?
ChartMill assigns a technical rating of 9 / 10 to FTSV.
Can you provide the trend direction for Forty Seven Inc?
The current trend direction for Forty Seven Inc (FTSV) is Bullish.
What is the RSI signal for FTSV stock?
Forty Seven Inc (FTSV) has an RSI value of 81.6788. This indicates that the stock is currently overbought.
What is the short term momentum for Forty Seven Inc (FTSV) stock?
The short term momentum for Forty Seven Inc (FTSV) is positive.
Can you provide the buy/sell signal for Forty Seven Inc?
The buy/sell signal for Forty Seven Inc (FTSV) is buy as both the short term and long term trends are positive.