NOTE Technical Analysis - FISCALNOTE HOLDINGS INC

Technical Rating and Analysis

Overall NOTE gets a technical rating of 0 out of 10. NOTE 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, NOTE is a bad performer in the overall market: 97% of all stocks are doing better.

NOTE is one of the lesser performing stocks in the Professional Services industry. 82% of 82 stocks in the same industry do better.

NOTE 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 NOTE has a been trading in the 3.80 - 6.33 range, which is quite wide. It is currently trading near the lows of this range.

NOTE has an average volume of 2246220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

FISCALNOTE HOLDINGS INC / NOTE Weekly stock chart

FISCALNOTE HOLDINGS INC / NOTE Daily stock chart

Setup Rating and Analysis

NOTE has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.35

5.69

We can see 4 important resistance areas.

Resistance @4.46 from a trend line in the daily time frame.
A resistance zone ranging from 4.54 to 4.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @4.88 from a trend line in the daily time frame.
Resistance @5.63 from a trend line in the weekly time frame.

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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 NOTE is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for NOTE is down.
ChartMill Relative Strength	3	NEGATIVE	NOTE has a low relative strength, it was outperformed by 97% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of NOTE is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of NOTE is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of NOTE is below a declining SMA(200).
Relative Strength Index/RSI (14)	36.86	NEUTRAL	The RSI value for NOTE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.07	POSITIVE	The MACD value suggests NOTE has a positive trend.
Stochastics (14,3)	35.75	NEUTRAL	The Stochastics value for NOTE is a neutral value.
Average True Range in percent/ATR (20)	12.6	HIGH VOLATILITY	The high ATR as a percentage value for NOTE suggests high volalility.
Average Directional Index/ADX (14)	16.4	NEGATIVE	The low ADX value for NOTE suggests a weak or negative trend.