FUTU HOLDINGS LTD-ADR (FUTU) Stock Technical Analysis
USA - NASDAQ:FUTU - US36118L1061 - ADR
Taking everything into account, FUTU scores 6 out of 10 in our technical rating. FUTU was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
FUTU has an average technical rating and it also does not offer a high 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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3 important support areas can be observed.
- Support @161.20 from a trend line in the daily time frame.
- 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 @101.01 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 165.78 to 166.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @187.78 from a horizontal line in the daily time frame.
- Resistance @194.74 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 | NEUTRAL | NEUTRAL | The short term trend for FUTU is neutral. |
| ChartMill Relative Strength | 91.31 | POSITIVE | FUTU has a high relative strength, it outperformed 91.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FUTU is below the rising 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 | POSITIVE | The current price of FUTU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.56 | NEUTRAL | The RSI value for FUTU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.81 | NEGATIVE | The MACD value suggests FUTU has a negative trend. |
| Stochastics (14,3) | 18.35 | OVERSOLD | The low Stochastics value suggests FUTU may be oversold. |
| Average True Range in percent/ATR (20) | 5.63 | HIGH VOLATILITY | The high ATR as a percentage value for FUTU suggests high volalility. |
| Average Directional Index/ADX (14) | 13.32 | NEGATIVE | The low ADX value for FUTU suggests a weak or negative trend. |
165.77
-13.91 (-7.74%)
FUTU HOLDINGS LTD-ADR / FUTU FAQ
Can you provide the ChartMill technical rating for FUTU HOLDINGS LTD-ADR?
ChartMill assigns a technical rating of 6 / 10 to FUTU.
Can you provide the trend direction for FUTU HOLDINGS LTD-ADR?
The current trend direction for FUTU HOLDINGS LTD-ADR (FUTU) is Bullish.
What is the RSI signal for FUTU stock?
FUTU HOLDINGS LTD-ADR (FUTU) has an RSI value of 40.556. This indicates that the stock is currently neutral.
What is the MACD signal for FUTU stock?
The MACD indicator for FUTU HOLDINGS LTD-ADR (FUTU) has a value of -1.81149, indicating a bearish trend.
What is the short term momentum for FUTU HOLDINGS LTD-ADR (FUTU) stock?
The short term momentum for FUTU HOLDINGS LTD-ADR (FUTU) is neutral.