FTS International Inc. (FTSI)

FTSI stock forecast: buy or sell

FTSI stock outlook

  • FTS International closed on Friday at $7.14 after exploding a 5%.
  • From the chart point view, price is drawing a scaled uptrend since mid-May with higher tops and higher bottoms. This rally marked a 110% gain
  • FTS International, Inc. provides hydraulic fracturing services in North America.
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Disclaimer:
The opinions published in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this paper does not know the individual positions of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are expressed for educative reasons only

FTSI stock chart overview

Should I buy FTS International stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is FTSI stock a buy?

Currently, FTS International stock matches one trading strategy:

Uptrend buy setup

FTS International stock continues to trend higher since in mid-May and marked a gorgeous 110% gain. Price marked a pull back in this uptrend at $6.17 on Tuesday, and since then it bounced off a 15.72%. Breaking out above $18.63 - it's last top - will be a good entry point if FTS International resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $16.77

Buy setupBuy pointStop lossRisk
Uptrend buy setup$18.63$16.7710%
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Should I sell FTS International stock?

Knowing when to sell a stock is even harder than knowing when to buy it. Trading strategies prevent us from making impetuous decisions based on our personal feelings or the buzz surrounding the market. Our trading system selects very simple setups to guide us on when is a good time to sell our shares. Be aware that these setups should not be used for shorting FTSI stock

A golden rule is that you must never keep a trade that produces greater losses than those expected at the time of the buy. When to sell shares always has to be ruled by the stop-loss (automatic or manual)

Is it time to sell FTS International stock?

In the current situation of FTS International there is not any eligible sell setup, so FTS International stock holders with operations in green can keep their positions

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Analysts' recommendations to buy or sell FTS International stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the previous month we couldn't find any rating for FTS International

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Technical analysis

Since in mid-May, FTS International has been drawing an uptrend that so far marked a gorgeous 110%. The price shows rising peaks and troughs, and along the way provided very few buy points for those who wanted to trade in. Latest low was on Tuesday, when price bounced at $6.17. Like in all uptrends, price needs to take breath and currently price is consolidating the gains in a range between $18.63 and $6.17

SMAs overview

Moving averages are simple tools for investors to gauge direction. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days

Supports and resistances

Market investors use support and resistance levels as a way to find price points on a chart that tend to work as obstacles, preventing the price of a stock to move in certain direction. Supports are levels where the price may stop as it falls. Price is more likely to "bounce off" this level rather than break through it. However, if the price breaks down the support, it will probably continue descending until finding another support level. On the other hand, a resistance level is where the price tends to find opposition as it rises. In the same manner, this means that the price is more liable to "rebound" at this level, and if it finally ruptures this level, the price will rally more easily until it meets the next resistance

The current resistance levels are:

  • R1: $9.36 (31.09% above)
  • R2: $9.60 (34.45% above)
  • R3: $9.80 (37.25% above)
  • The current supports are:

  • S1: $6.17 (-13.59% below)
  • S2: $3.80 (-46.78% below)
  • S3: $3.40 (-52.38% below)
  • Bollinger bands

    This is an indicator that was developed in the 1980s by John Bollinger. It is made up of three lines that are plotted superimposed on the price evolution chart:

    • The central band is a moving average, usually a simple moving average calculated with 20 periods
    • The upper band is calculated by adding to the value of the simple moving average 2 times the standard deviation of the moving average
    • The lower band is calculated by subtracting from the simple moving average 2 times the standard deviation of the moving average

    Relative strength index

    The RSI (Relative Strength Index) is an oscillator-type indicator that track price movements to detect when the share or financial asset is overbought or oversold. Like other oscillation indicators, the RSI ranges between 0% and 100%. J. Welles Wilder introduced the relative strength indicator in 1978 and since then it has been widely used by stock traders

    The RSI dropped below the overbought level of 70 in early June after just crossing to the overbough zone for 1 day (weak signal). The RSI value on Friday was 48.93. FTS International price sank a 45.99% since RSI lost the overbought zone

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    Earnings and financials

    FTS International Inc. (FTSI) came out with quarterly earnings of $-2.57 per share, far failing to match the analysts consensus estimate of $-1.23 per share. This quarterly report means an earnings surprise of -108.94%. Sales was $151.5 million versus $159.0 million forecasted by market consensus.

    In comparison, the EPS for the same quarter last year was $0.05, so reported EPS means a loss of -5240%. Looking at turnover, figures dropped a -31.63% compared to $221.6M same quarter 12 months ago.

    FTSI posts quarterly financial report on early next August. Market predicts earnings of %s per-share of $-6.33, compared to previous quarter that made $-2.57. If you own or you are considering buying FTSI stock, be vigilant as the earnings reporting day usually has a very high volatility, and price can gap up or down with exceptionally low liquidity and not honouring your buy or stop-loss orders. Check company's website to confirm time and details on the earnings call and the earnings report.

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