FTC SOLAR INC (FTCI) Stock Technical Analysis
NASDAQ:FTCI - US30320C3016 - Common Stock
6.45 USD
+0.01 (+0.16%)
6.59 USD
+0.14 (+2.17%)
We assign a technical rating of 10 out of 10 to FTCI. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FTCI is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, FTCI did better than 97% of all other stocks. On top of that, FTCI also shows a nice and consistent pattern of rising prices.
FTCI is part of the Electrical Equipment industry. There are 93 other stocks in this industry. FTCI outperforms 94% of them.
FTCI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FTCI is lagging the market slightly.
In the last month FTCI has a been trading in the 4.42 - 7.00 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although FTCI has an excellent technical rating, it 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.
More info and screens
4.79
6.51
We found 1 important support area.
- Support @4.84 from a trend 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 FTCI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FTCI is up. |
| ChartMill Relative Strength | 97.58 | POSITIVE | FTCI has a high relative strength, it outperformed 97.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FTCI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FTCI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FTCI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.02 | NEUTRAL | The RSI value for FTCI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests FTCI has a positive trend. |
| Stochastics (14,3) | 74.45 | NEUTRAL | The Stochastics value for FTCI is a neutral value. |
| Average True Range in percent/ATR (20) | 10.68 | HIGH VOLATILITY | The high ATR as a percentage value for FTCI suggests high volalility. |
| Average Directional Index/ADX (14) | 20.11 | NEUTRAL | The ADX value for FTCI suggests a possible start of a new trend. |
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)
6.45
+0.01 (+0.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg0.16%
1 Week14.36%
2 Weeks41.14%
1 Month12.96%
3 Month84.29%
6 Month98.46%
12 Month162.62%
2 Year-65.69%
3 Year-84.42%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.66
ATR(20)%10.68%
ATR Inc3.99%
Range Today0.41
ADR(20)0.66
ADR(20)%10.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.58
Mansfield4.23
10 Day High6.6
10 Day Low4.42
20 Day High7
20 Day Low4.42
52 Week High7.4
52 Week Low2.02
CS1 End4.84
CR1 StartN/A
Volume & EV
DER(3)12.77%
DER(5)-0.63%
Volume62.10K
Volume Incr11.38%
Vol(5)143.98K
Vol(50)107.71K