FLOTEK INDUSTRIES INC (FTK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FTK - US3433894090 - Common Stock
Taking everything into account, FTK scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, FTK has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although FTK has an excellent technical rating, it does not present a decent entry opportunity 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.
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8.70
When analyzing the support we can see 3 important areas.
- Support @14.49 from a trend line in the weekly time frame.
- Support @14.10 from a trend line in the daily time frame.
- Support @8.79 from a trend line in the weekly 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 FTK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FTK is up. |
| ChartMill Relative Strength | 95.65 | POSITIVE | FTK has a high relative strength, it outperformed 95.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FTK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FTK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FTK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.59 | NEUTRAL | The RSI value for FTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests FTK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.45 | OVERBOUGHT | The high Stochastics value suggests FTK may be overbought. |
| Average True Range in percent/ATR (20) | 4.9 | MEDIUM VOLATILITY | The ATR as a percentage value for FTK suggests some volalility. |
| Average Directional Index/ADX (14) | 23.54 | NEUTRAL | The ADX value for FTK suggests a possible start of a new trend. |
16.68
-0.02 (-0.12%)
FLOTEK INDUSTRIES INC / FTK FAQ
What is the ChartMill technical rating of FLOTEK INDUSTRIES INC (FTK) stock?
ChartMill assigns a technical rating of 10 / 10 to FTK.
What is the current trend direction of FLOTEK INDUSTRIES INC (FTK) stock?
The current trend direction for FLOTEK INDUSTRIES INC (FTK) is Bullish.
Can you provide the RSI signal for FLOTEK INDUSTRIES INC?
FLOTEK INDUSTRIES INC (FTK) has an RSI value of 62.5869. This indicates that the stock is currently neutral.
Can you provide the short term momentum for FLOTEK INDUSTRIES INC?
The short term momentum for FLOTEK INDUSTRIES INC (FTK) is positive.
What are the support and resistance levels for FLOTEK INDUSTRIES INC (FTK) stock?
FLOTEK INDUSTRIES INC (FTK) has a support level at 14.49. Check the full technical report for our detailed analysis of FTK support and resistance levels.