FUTU HOLDINGS LTD-ADR (FUTU) Stock Technical Analysis
NASDAQ:FUTU - Nasdaq - US36118L1061 - ADR - Currency: USD
We assign a technical rating of 9 out of 10 to FUTU. Both in the recent history as in the last year, FUTU has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that FUTU is one of the better performing stocks in the market, outperforming 89% of all stocks.
FUTU is part of the Capital Markets industry. There are 230 other stocks in this industry. FUTU outperforms 92% of them.
FUTU is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so FUTU is performing more or less in line with the market.
FUTU is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
FUTU has an average volume of 2930750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
FUTU has an excellent technical rating, but the quality of the setup is only medium 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.
More info and screens
69.68
124.80
We found 6 important support areas.
- A support zone ranging from 111.01 to 111.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @105.76 from a horizontal line in the daily time frame.
- Support @83.21 from a trend line in the weekly time frame.
- Support @78.40 from a trend line in the daily time frame.
- Support @75.13 from a horizontal line in the daily time frame.
- Support @70.38 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @117.28 from a trend line in the weekly time frame.
- Resistance @119.62 from a trend line in the daily time frame.
- Resistance @123.56 from a horizontal line 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 | UP | POSITIVE | The short term trend for FUTU is up. |
| ChartMill Relative Strength | 89.74 | POSITIVE | FUTU has a high relative strength, it outperformed 89.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FUTU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of FUTU is above a declining 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) | 63.21 | NEUTRAL | The RSI value for FUTU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.79 | POSITIVE | The MACD value suggests FUTU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.75 | NEUTRAL | The Stochastics value for FUTU is a neutral value. |
| Average True Range in percent/ATR (20) | 4.62 | MEDIUM VOLATILITY | The ATR as a percentage value for FUTU suggests some volalility. |
| Average Directional Index/ADX (14) | 19.98 | 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)
111.44
+2.25 (+2.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg2.06%
1 Week5.37%
2 Weeks7.64%
1 Month18.69%
3 Month-8.2%
6 Month32.32%
12 Month49.3%
2 Year202.33%
3 Year203.57%
5 Year596.94%
10 YearN/A
15 YearN/A
Volatility
ATR(14)5.36
ATR(20)%4.62%
ATR Inc-12.8%
Range Today4.85
ADR(20)4.28
ADR(20)%3.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.74
Mansfield2.66
10 Day High114.98
10 Day Low101.49
20 Day High114.98
20 Day Low85.44
52 Week High130.88
52 Week Low51.8
CS1 End111.43
CR1 Start117.28
Volume & EV
DER(3)1.55%
DER(5)2.19%
Volume1.42M
Volume Incr-17.2%
Vol(5)1.90M
Vol(50)2.93M