Help us make better tools for you!. Read more (Published: 2017-01-12)

FI - Frank's International NV Tue 24'th Jan 2017

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Buy Candidate

Score: 2.09

#2869 of 5186
Trend:
MV Long:
MV Short:
Pivot:
Volume:
MACD:
Accuracy: 81.08%
Risk: Low
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Stock analysis for Tue 24'th Jan 2017 (Updated daily)

Buy candidate since 2017-01-24

Frank's International NV Stock Analysis


Frank's International NV gained 0.08% in the last trading day, rising from USD 12.63 to USD 12.64. The price has risen in 7 of the last 10 days days and is up by 1.77% over the past 2 weeks. Volume fell in the last day by -252 224 shares and ,in total, 657 464 shares bought and sold for approximately USD 8.31 million. You should note that falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

Frank's International NV lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.0% during the next 3 months and, with 90% probability hold a price between USD 13.43 and USD 15.86 at the end of this period.

Signals

Only positive signals in the chart today. Frank's International NV holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately USD 12.68. On a fall, the stock will find some support from the long-term average at approximately USD 12.56. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Monday January 23, 2017, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

Relative Strength Index (RSI)

RSI14 is 51 and the stock is currently not being overbought or oversold

Support & Resistance

Frank's International NV finds support from accumulated volume at USD 12.60, USD 12.40, and USD 12.24. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 13.01, USD 13.04 and USD 13.10.

The stock is about to test the resistance from accumulated volume at USD 13.01 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved USD 0.22 (1.75%) between high and low. For the last week, the stock has had a daily average volatility of 3.22%.

Our recommended stoploss: USD 12.32 (-2.53%) ( based on support and risk)

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate


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