Technical Analysis for FRD - Friedman Industries Inc.

Grade Last Price % Change Price Change
A 19.45 2.31% 0.44
FRD closed up 2.31 percent on Tuesday, April 23, 2024, on 53 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Gapped Up Strength 0.00%
Crossed Above 20 DMA Bullish 2.31%
Bollinger Band Squeeze Range Contraction 2.31%
BB Squeeze + Upper Band Touch Range Contraction 2.31%
Outside Day Range Expansion 2.31%
Upper Bollinger Band Touch Strength 2.31%

   Recent Intraday Alerts

Alert Time
Upper Bollinger Band Resistance about 16 hours ago
Rose Above Previous Day's High about 16 hours ago
Up 2% about 17 hours ago
60 Minute Opening Range Breakout about 17 hours ago
Rose Above Upper Bollinger Band about 17 hours 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 19.52
52 Week Low 9.4879
Average Volume 19,909
200-Day Moving Average 15.06
50-Day Moving Average 18.25
20-Day Moving Average 18.90
10-Day Moving Average 19.05
Average True Range 0.69
RSI (14) 61.09
ADX 12.67
+DI 14.79
-DI 21.89
Chandelier Exit (Long, 3 ATRs) 17.44
Chandelier Exit (Short, 3 ATRs) 19.45
Upper Bollinger Bands 19.47
Lower Bollinger Band 18.33
Percent B (%b) 0.98
BandWidth 6.03
MACD Line 0.28
MACD Signal Line 0.30
MACD Histogram -0.0177
Fundamentals Value
Market Cap 135.6 Million
Num Shares 6.97 Million
EPS 2.55
Price-to-Earnings (P/E) Ratio 7.63
Price-to-Sales 0.23
Price-to-Book 0.93
PEG Ratio 0.00
Dividend 0.08
Dividend Yield 0.41%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 19.92
Resistance 3 (R3) 19.87 19.66 19.84
Resistance 2 (R2) 19.66 19.54 19.69 19.81
Resistance 1 (R1) 19.56 19.47 19.61 19.61 19.79
Pivot Point 19.35 19.35 19.38 19.38 19.35
Support 1 (S1) 19.25 19.23 19.30 19.30 19.11
Support 2 (S2) 19.04 19.16 19.07 19.09
Support 3 (S3) 18.94 19.04 19.06
Support 4 (S4) 18.99