FIDUCIARY/CLAYM ENRGY INFRA (FMO) Stock Technical Analysis
NYSE:FMO - New York Stock Exchange, Inc. -
Overall FMO gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FMO is showing a nice and steady performance.
FMO has an excellent technical rating and also presents 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 12.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.43, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FMO in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
9.63
We found 4 important support areas.
- A support zone ranging from 11.38 to 11.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.15 from a horizontal line in the daily time frame.
- Support @10.66 from a trend line in the weekly time frame.
- Support @9.73 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.15 to 12.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 12.31 | 10.94 | 1.37 (11.13%) | 8.99% |
| An entry @12.31. This is a Buy Stop order right above the resistance zone. | An exit @10.94. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.37 points, which is 11.13%. | For a 1.00% total portfolio risk, you can invest 8.99% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
12.12
-0.04 (-0.33%)