FUR Technical Analysis - FUGRO NV

Technical Rating and Analysis

Taking everything into account, FUR scores 0 out of 10 in our technical rating. FUR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, FUR is a bad performer in the overall market: 97% of all stocks are doing better.

FUR is one of the lesser performing stocks in the Construction & Engineering industry. 85% of 41 stocks in the same industry do better.

FUR is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month FUR has a been trading in the 10.30 - 12.40 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.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

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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 FUR 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

10.09

13.08

When analyzing the support we notice one important area.

A support zone ranging from 10.19 to 10.31. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 11.43 to 11.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @12.06 from a trend line in the daily time frame.
Resistance @12.95 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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 FUR.AS is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for FUR.AS is down.
ChartMill Relative Strength	3.38	NEGATIVE	FUR.AS has a low relative strength, it was outperformed by 96.62% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of FUR.AS is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of FUR.AS is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of FUR.AS is below a declining SMA(200).
Relative Strength Index/RSI (14)	27.72	OVERSOLD	The low RSI value suggests FUR.AS may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.14	NEGATIVE	The MACD value suggests FUR.AS has a negative trend.
Stochastics (14,3)	0.55	OVERSOLD	The low Stochastics value suggests FUR.AS may be oversold.
Average True Range in percent/ATR (20)	2.85	MEDIUM VOLATILITY	The ATR as a percentage value for FUR.AS suggests some volalility.
Average Directional Index/ADX (14)	21.85	NEUTRAL	The ADX value for FUR.AS suggests a possible start of a new trend.