FUFU Technical Analysis - BITFUFU INC-A

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to FUFU. FUFU scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, FUFU is a bad performer in the overall market: 90% of all stocks are doing better.

FUFU is one of the lesser performing stocks in the Software industry. 74% of 285 stocks in the same industry do better.

FUFU is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month FUFU has a been trading in the 3.14 - 4.06 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

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

Setup Rating and Analysis

The technical rating of FUFU is bad and it also does not present a 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

3.03

4.33

2 important support areas can be observed.

Support @3.14 from a trend line in the weekly time frame.
Support @3.06 from a horizontal line in the weekly time frame.

We can see 4 important resistance areas.

A resistance zone ranging from 3.66 to 3.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 3.92 to 3.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @4.12 from a trend line in the daily time frame.
Resistance @4.29 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	DOWN	NEGATIVE	The long term trend for FUFU is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for FUFU is down.
ChartMill Relative Strength	10.16	NEGATIVE	FUFU has a low relative strength, it was outperformed by 89.84% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of FUFU is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of FUFU is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of FUFU is below a declining SMA(200).
Relative Strength Index/RSI (14)	35.04	NEUTRAL	The RSI value for FUFU is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.05	NEGATIVE	The MACD value suggests FUFU has a negative trend.
Stochastics (14,3)	12.23	OVERSOLD	The low Stochastics value suggests FUFU may be oversold.
Average True Range in percent/ATR (20)	7.49	HIGH VOLATILITY	The high ATR as a percentage value for FUFU suggests high volalility.
Average Directional Index/ADX (14)	13.71	NEGATIVE	The low ADX value for FUFU suggests a weak or negative trend.