FTT Technical Analysis - FINNING INTERNATIONAL INC

Technical Rating and Analysis

Overall FTT gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FTT is only an average performer.

The long and short term trends are both positive. This is looking good!

FTT is one of the better performing stocks in the Trading Companies & Distributors industry, it outperforms 90% of 12 stocks in the same industry.

A new 52 week high is currently being made by FTT, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month FTT has a been trading in the 57.83 - 68.22 range, which is quite wide. It is currently trading near the high of this range.

Looking at the yearly performance, FTT did better than 74% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

FINNING INTERNATIONAL INC / FTT Weekly stock chart

FINNING INTERNATIONAL INC / FTT Daily stock chart

Setup Rating and Analysis

Although FTT 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

36.21

68.76

4 important support areas can be observed.

A support zone ranging from 63.30 to 64.29. 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 60.00 to 61.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @37.37 from a trend line in the weekly time frame.
Support @36.58 from a horizontal line in the weekly time frame.

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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 FTT.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for FTT.CA is up.
ChartMill Relative Strength	74.6	POSITIVE	FTT.CA has a high relative strength, it outperformed 74.6% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of FTT.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of FTT.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of FTT.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	71.92	OVERBOUGHT	The high RSI value suggests FTT.CA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.14	POSITIVE	The MACD value suggests FTT.CA has a positive trend.
Stochastics (14,3)	86.02	OVERBOUGHT	The high Stochastics value suggests FTT.CA may be overbought.
Average True Range in percent/ATR (20)	2.71	MEDIUM VOLATILITY	The ATR as a percentage value for FTT.CA suggests some volalility.
Average Directional Index/ADX (14)	49.18	POSITIVE	The high ADX value value for FTT.CA suggests a strong trend.