FORGE GLOBAL HOLDINGS INC (FRGE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FRGE - US34629L2025 - Common Stock
Overall FRGE gets a technical rating of 10 out of 10. Both in the recent history as in the last year, FRGE has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, FRGE also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 44.53. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 44.40, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FRGE 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
43.86
When analyzing the support we notice one important area.
- A support zone ranging from 44.30 to 44.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 44.53 to 44.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 FRGE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FRGE is up. |
| ChartMill Relative Strength | 99.03 | POSITIVE | FRGE has a high relative strength, it outperformed 99.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FRGE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FRGE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FRGE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 84.61 | OVERBOUGHT | The high RSI value suggests FRGE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.83 | NEGATIVE | The MACD value suggests FRGE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 82.34 | OVERBOUGHT | The high Stochastics value suggests FRGE may be overbought. |
| Average True Range in percent/ATR (20) | 0.42 | LOW VOLATILITY | The low ATR as a percentage value for FRGE suggests low volalility. |
| Average Directional Index/ADX (14) | 74.41 | POSITIVE | The high ADX value value for FRGE suggests a strong trend. |
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 |
|---|---|---|---|
| 44.60 | 44.29 | 0.31 (0.70%) | 25.00% |
| An entry @44.60. This is a Buy Stop order right above the resistance zone. | An exit @44.29. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.31 points, which is 0.70%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.17%. |
- 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.
44.52
+0.07 (+0.16%)
FORGE GLOBAL HOLDINGS INC / FRGE FAQ
Can you provide the ChartMill technical rating for FORGE GLOBAL HOLDINGS INC?
ChartMill assigns a technical rating of 10 / 10 to FRGE.
Can you provide the trend direction for FORGE GLOBAL HOLDINGS INC?
The current trend direction for FORGE GLOBAL HOLDINGS INC (FRGE) is Bullish.
What is the RSI signal for FORGE GLOBAL HOLDINGS INC (FRGE) stock?
FORGE GLOBAL HOLDINGS INC (FRGE) has an RSI value of 84.6119. This indicates that the stock is currently overbought.
What is the short term momentum for FRGE stock?
The short term momentum for FORGE GLOBAL HOLDINGS INC (FRGE) is positive.
Can you provide the buy/sell signal for FORGE GLOBAL HOLDINGS INC?
The buy/sell signal for FORGE GLOBAL HOLDINGS INC (FRGE) is buy as both the short term and long term trends are positive.