Technical Analysis for FRD - Friedman Industries Inc.

Grade Last Price % Change Price Change
grade D 6.1098 -8.81% -0.59
FRD closed down 8.81 percent on Friday, November 15, 2019, on 7.44 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Down Down
See historical FRD trend table...

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
New Downtrend Bearish 0.00%
Volume Surge Other 0.00%
Stochastic Reached Oversold Weakness 0.00%
Earnings Movers Other 0.00%
Below Lower BB Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%
1,2,3 Pullback Bullish Bullish Swing Setup -8.81%

Older signals for FRD ...

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Basic chart:
Profile
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.
Steel Supply Chain Management Equipment Construction Equipment Plumbing Steel Products Piping Pipe Irrigation Transportation Equipment Conveyor System Farm Machinery Tubular Products Similar Products Steel Processing
Is FRD a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 8.72
52 Week Low 5.78
Average Volume 9,057
200-Day Moving Average 6.957
50-Day Moving Average 6.558
20-Day Moving Average 6.7899
10-Day Moving Average 6.7979
Average True Range 0.1974
ADX 40.69
+DI 16.8235
-DI 35.5219
Chandelier Exit (Long, 3 ATRs ) 6.6483
Chandelier Exit (Short, 3 ATRs ) 6.6422
Upper Bollinger Band 7.1846
Lower Bollinger Band 6.3952
Percent B (%b) -0.36
BandWidth 11.626092
MACD Line 0.0094
MACD Signal Line 0.0882
MACD Histogram -0.0788
Fundamentals Value
Market Cap 42.83 Million
Num Shares 7.01 Million
EPS -0.16
Price-to-Earnings (P/E) Ratio -38.19
Price-to-Sales 0.54
Price-to-Book 0.68
PEG Ratio 0.00
Dividend 0.04
Dividend Yield 0.65%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 6.41
Resistance 3 (R3) 6.42 6.34 6.36
Resistance 2 (R2) 6.34 6.26 6.33 6.34
Resistance 1 (R1) 6.22 6.21 6.18 6.21 6.33
Pivot Point 6.14 6.14 6.11 6.13 6.14
Support 1 (S1) 6.02 6.06 5.98 6.01 5.89
Support 2 (S2) 5.94 6.01 5.93 5.88
Support 3 (S3) 5.82 5.94 5.86
Support 4 (S4) 5.81