Technical Analysis for FRD - Friedman Industries Inc.

Grade Last Price % Change Price Change
C 18.37 -1.34% -0.25
FRD closed up 0.81 percent on Wednesday, May 8, 2024, on 73 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Down Down

Date Alert Name Type % Chg
New Downtrend Bearish -1.34%
Crossed Above 50 DMA Bullish -1.34%
Bollinger Band Squeeze Range Contraction -1.34%
Doji - Bullish? Reversal -1.34%
BB Squeeze + Lower Band Touch Range Contraction -1.34%
Gapped Up Strength -1.34%
Lower Bollinger Band Touch Weakness -1.34%
20 DMA Resistance Bearish -0.54%
Fell Below 50 DMA Bearish -0.54%
Bollinger Band Squeeze Range Contraction -0.54%

   Recent Intraday Alerts

Alert Time
Gap Down Partially Closed 23 minutes ago
Gapped Down (Partial) 30 minutes ago
Fell Below Lower Bollinger Band 30 minutes ago
Fell Below 50 DMA 30 minutes ago
Down 1% 30 minutes ago

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Profile

Friedman Industries Inc. Description

Friedman Industries, Incorporated engages in steel processing, pipe manufacturing and processing, and steel and pipe distribution activities in the United States. The company purchases hot-rolled steel coils; processes the coils into flat, finished sheet, and plate; and sells these products on a wholesale basis, as well as processes customer-owned coils on a fee basis. It also manufactures, purchases, processes, and markets tubular products, including line and oil country pipes, as well as pipes for structural and piling purposes. The company offers its coil products and processing services primarily to steel distributors, and customers fabricating steel products, such as storage tanks, steel buildings, farm machinery and equipment, construction equipment, transportation equipment, conveyors, and other similar products; and tubular products principally to steel and pipe distributors, and piling contractors through its own sales force. Friedman Industries, Incorporated was founded in 1965 and is based in Houston, Texas.


Classification

Sector: Basic Materials
Industry: Steel
Keywords: Supply Chain Management Steel Plumbing Irrigation Construction Equipment Piping Steel Products Storage Tank Pipe Oil Products Tubular Products Transportation Equipment Conveyor System Farm Machinery Steel Processing Pipe Manufacturing

Is FRD a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 19.4799
52 Week Low 9.4684
Average Volume 15,777
200-Day Moving Average 15.33
50-Day Moving Average 18.59
20-Day Moving Average 19.12
10-Day Moving Average 19.19
Average True Range 0.56
RSI (14) 44.13
ADX 25.9
+DI 8.11
-DI 27.55
Chandelier Exit (Long, 3 ATRs) 17.79
Chandelier Exit (Short, 3 ATRs) 19.53
Upper Bollinger Bands 19.73
Lower Bollinger Band 18.51
Percent B (%b) 0.09
BandWidth 6.37
MACD Line 0.11
MACD Signal Line 0.23
MACD Histogram -0.1234
Fundamentals Value
Market Cap 129.82 Million
Num Shares 6.97 Million
EPS 2.55
Price-to-Earnings (P/E) Ratio 7.30
Price-to-Sales 0.23
Price-to-Book 0.93
PEG Ratio 0.00
Dividend 0.08
Dividend Yield 0.43%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 19.73
Resistance 3 (R3) 19.73 19.36 19.55
Resistance 2 (R2) 19.36 19.08 19.36 19.48
Resistance 1 (R1) 18.99 18.90 18.81 18.99 19.42
Pivot Point 18.62 18.62 18.53 18.62 18.62
Support 1 (S1) 18.25 18.34 18.07 18.25 17.82
Support 2 (S2) 17.88 18.16 17.88 17.76
Support 3 (S3) 17.51 17.88 17.70
Support 4 (S4) 17.51