FUFU Technical Analysis - BITFUFU INC-A

Technical Rating and Analysis

Overall FUFU gets a technical rating of 8 out of 10. In the last year, FUFU was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

FUFU is one of the better performing stocks in the Software industry, it outperforms 72% of 280 stocks in the same industry.

In the last month FUFU has a been trading in the 3.25 - 4.32 range, which is quite wide. It is currently trading near the high of this range.

Looking at the yearly performance, FUFU did better than 83% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

FUFU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FUFU is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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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

Although FUFU has an excellent technical rating, it does not present a decent entry opportunity 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

3.09

5.69

We found 4 important support areas.

Support @3.65 from a trend line in the daily time frame.
A support zone ranging from 3.51 to 3.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @3.35 from a horizontal line in the daily time frame.
Support @3.12 from a trend line in the weekly time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 4.30 to 4.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @5.63 from a trend 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	NEUTRAL	NEUTRAL	The long term trend for FUFU is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for FUFU is up.
ChartMill Relative Strength	83.44	POSITIVE	FUFU has a high relative strength, it outperformed 83.44% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of FUFU is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of FUFU is above the rising 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)	59.51	NEUTRAL	The RSI value for FUFU is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests FUFU has a positive trend.
Stochastics (14,3)	83.52	OVERBOUGHT	The high Stochastics value suggests FUFU may be overbought.
Average True Range in percent/ATR (20)	5.86	HIGH VOLATILITY	The high ATR as a percentage value for FUFU suggests high volalility.
Average Directional Index/ADX (14)	26.01	POSITIVE	The high ADX value value for FUFU suggests a strong trend.