FORTUNE RISE ACQUISITION COR (FRLA) Stock Technical Analysis
NASDAQ:FRLA - Nasdaq - US34969G1022 - Common Stock - Currency: USD
Taking everything into account, FRLA scores 5 out of 10 in our technical rating. Although FRLA is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
67% of all other stocks performed better in the past year than FRLA.
Warning: FRLA has an average volume of 12770 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
FRLA is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month FRLA has a been trading in a tight range between 11.35 and 11.44.
Considerably lower volume is observed in the last couple of days.
FRLA has an average technical rating and also 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
10.55
11.56
When analyzing the support we can see 3 important areas.
- A support zone ranging from 11.19 to 11.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.94 from a horizontal line in the daily time frame.
- Support @10.66 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.45 to 11.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS33.55
Mansfield-1
10 Day High11.44
10 Day Low11.35
20 Day High11.44
20 Day Low11.35
52 Week High11.87
52 Week Low10.76
Performance
1 Week0.44%
2 Weeks0.38%
1 Month0.79%
3 Month1.6%
6 Month2.42%
12 Month6.22%
2 Year11.94%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)59.48
LBB11.35
UBB11.45
NASDAQ:FRLA (11/1/2024, 8:02:41 PM)
11.44
+0.09 (+0.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.79%
1 Week0.44%
2 Weeks0.38%
1 Month0.79%
3 Month1.6%
6 Month2.42%
12 Month6.22%
2 Year11.94%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%0.28%
ATR Inc236.62%
Range Today0
ADR(20)0.02
ADR(20)%0.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS33.55
Mansfield-1
10 Day High11.44
10 Day Low11.35
20 Day High11.44
20 Day Low11.35
52 Week High11.87
52 Week Low10.76
CS1 End11.4
CR1 Start11.45
Volume & EV
DER(3)0%
DER(5)0%
Volume500
Volume Incr-93.78%
Vol(5)760
Vol(50)12.77K