Technical Analysis for TUNE - Focusrite Plc

Grade Last Price % Change Price Change
F 285.00 -25.97% -100.00
TUNE closed down 25.97 percent on Monday, March 18, 2024, on 11.33 times normal volume. The bears made the stock sink to a new 52-week low. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. 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.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Expansion Breakdown Bearish Swing Setup 0.00%
Hammer Candlestick Bullish 0.00%
Volume Surge Other 0.00%
Lower Bollinger Band Walk Weakness 0.00%
New 52 Week Low Weakness 0.00%
Multiple of Ten Bullish Other 0.00%
Wide Bands Range Expansion 0.00%
Below Lower BB Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%

   Recent Intraday Alerts

Alert Time
5x Volume Pace about 22 hours ago
3x Volume Pace about 22 hours ago
2x Volume Pace about 22 hours ago
1.5x Volume Pace about 22 hours ago
10x Volume Pace about 22 hours ago

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Profile

Focusrite Plc Description

Focusrite Plc is a music and audio products company supplying hardware and software products used by professional and amateur musicians. The Company is engaged in the development, manufacture and marketing of professional audio and electronic music products. It operates through three segments: Focusrite, Novation and Distribution. The Focusrite segment includes the sales of Focusrite branded products. The Novation segment includes the sales of Novation branded products. The Distribution segment includes distribution of third-party brands, including KRK speakers, Ableton, Stanton, Cakewalk and sE Electronics. The Company sells its products in approximately 160 territories and countries around the world. The Company offers Scarlett, which is an audio interface; Blocs Wave application, which is used by musicians to create their own sounds and songs on any iPhone Operating System (iOS) smartphone or tablet, and e-commerce Websites.


Classification

Sector: Consumer Cyclical
Industry: Leisure
Keywords: Marketing Software Electronics Hardware Consumer Electronics E Commerce Smartphone Novation Music Operating System Cake Tablet Computer I Phone Iphone Musicians Scarlett Songs

Is TUNE 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 639.9272
52 Week Low 245.0
Average Volume 63,992
200-Day Moving Average 492.13
50-Day Moving Average 472.86
20-Day Moving Average 416.15
10-Day Moving Average 394.90
Average True Range 29.80
RSI (14) 10.71
ADX 33.22
+DI 4.81
-DI 46.07
Chandelier Exit (Long, 3 ATRs) 400.60
Chandelier Exit (Short, 3 ATRs) 334.40
Upper Bollinger Bands 489.04
Lower Bollinger Band 343.26
Percent B (%b) -0.4
BandWidth 35.03
MACD Line -32.86
MACD Signal Line -25.22
MACD Histogram -7.6395
Fundamentals Value
Market Cap 166.97 Million
Num Shares 58.6 Million
EPS 0.30
Price-to-Earnings (P/E) Ratio 950.00
Price-to-Sales 1.61
Price-to-Book 2.42
Dividend 0.07
Dividend Yield 0.02%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 365.78
Resistance 3 (R3) 361.42 330.13 352.31
Resistance 2 (R2) 330.13 309.56 332.31 347.82
Resistance 1 (R1) 307.57 296.85 291.93 311.93 343.34
Pivot Point 276.28 276.28 268.46 278.46 276.28
Support 1 (S1) 253.72 255.71 238.08 258.08 226.66
Support 2 (S2) 222.43 243.00 224.61 222.18
Support 3 (S3) 199.87 222.43 217.69
Support 4 (S4) 204.23