FUTU HOLDINGS LTD-ADR (FUTU) Stock Technical Analysis
USA - NASDAQ:FUTU - US36118L1061 - ADR
158.5 USD
-2.93 (-1.82%)
159.12 USD
+0.62 (+0.39%)
We assign a technical rating of 5 out of 10 to FUTU. In the last year, FUTU was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month FUTU has a been trading in the 151.59 - 185.33 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.
FUTU is one of the better performing stocks in the Capital Markets industry, it outperforms 94% of 237 stocks in the same industry.
FUTU has an average volume of 2449070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the yearly performance of all stocks, we notice that FUTU is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
FUTU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FUTU is lagging the market.
FUTU has only a medium technical rating, but it does show 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 175.47. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 154.59, a Stop Loss order could be placed below this zone.
More info and screens
97.18
180.93
We found 2 important support areas.
- A support zone ranging from 154.59 to 154.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @98.16 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 175.47 to 179.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 FUTU is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FUTU is down. |
| ChartMill Relative Strength | 88.31 | POSITIVE | FUTU has a high relative strength, it outperformed 88.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FUTU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of FUTU is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FUTU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.38 | NEUTRAL | The RSI value for FUTU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.76 | NEGATIVE | The MACD value suggests FUTU has a negative trend. |
| Stochastics (14,3) | 19.52 | OVERSOLD | The low Stochastics value suggests FUTU may be oversold. |
| Average True Range in percent/ATR (20) | 5.91 | HIGH VOLATILITY | The high ATR as a percentage value for FUTU suggests high volalility. |
| Average Directional Index/ADX (14) | 15.77 | NEGATIVE | The low ADX value for FUTU suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
158.5
-2.93 (-1.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-1.82%
1 Week-7.27%
2 Weeks-8.86%
1 Month-9.77%
3 Month-1.29%
6 Month99%
12 Month69.96%
2 Year185.84%
3 Year368.1%
5 Year433.13%
10 YearN/A
15 YearN/A
Volatility
ATR(14)9.89
ATR(20)%5.91%
ATR Inc-8.9%
Range Today6.07
ADR(20)8.57
ADR(20)%5.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.31
Mansfield2.25
10 Day High185.33
10 Day Low151.59
20 Day High185.33
20 Day Low151.59
52 Week High199.86
52 Week Low70.6
CS1 End154.59
CR1 Start175.47
Volume & EV
DER(3)-1.93%
DER(5)-0.67%
Volume2.26M
Volume Incr16.62%
Vol(5)3.08M
Vol(50)2.45M