NASDAQ:FUTU • US36118L1061
We assign a technical rating of 1 out of 10 to FUTU. FUTU has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, FUTU does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 141.13, a Stop Loss order could be placed below this zone.
111.98
When analyzing the support we can see 2 important areas.
6 important resistance areas can be observed.
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 FUTU is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FUTU is down. |
| ChartMill Relative Strength | 47.01 | NEUTRAL | FUTU is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of FUTU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of FUTU is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.61 | NEUTRAL | The RSI value for FUTU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests FUTU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 42.94 | NEUTRAL | The Stochastics value for FUTU is a neutral value. |
| Average True Range in percent/ATR (20) | 4.45 | MEDIUM VOLATILITY | The ATR as a percentage value for FUTU suggests some volalility. |
| Average Directional Index/ADX (14) | 23.76 | NEUTRAL | The ADX value for FUTU suggests a possible start of a new trend. |
141.14
-1.87 (-1.31%)
ChartMill assigns a technical rating of 1 / 10 to FUTU.
The current trend direction for FUTU HOLDINGS LTD-ADR (FUTU) is Bearish.
FUTU HOLDINGS LTD-ADR (FUTU) has an RSI value of 39.6133. This indicates that the stock is currently neutral.
The MACD indicator for FUTU HOLDINGS LTD-ADR (FUTU) has a value of 0.223416, indicating a bearish trend.
The short term momentum for FUTU HOLDINGS LTD-ADR (FUTU) is negative.