What are the key technical indicators suggesting for FiG's short-term price movement?
8/1/2025 10:01am
The key technical indicators suggest a **volatile short-term outlook** for Figma (FIG) stock. Here's a detailed analysis:
1. **Recent Price Trend**: The closing price of FIG on July 31, 2025, was $6.5, which represents a **1.37% decrease**. This recent decline suggests bearish momentum in the short term.
|code|Ticker|Name|Date|Closing Price|Trading Volume|market_code|
|---|---|---|---|---|---|---|
|FIG|FIG.N|Figma|20250731|115.5|64409032|169|
2. **Moving Averages**: The 5-day moving average is $6.6, the 10-day is $6.43, and the 50-day is $5.51. The short-term moving averages are above the long-term averages, indicating a potential pullback towards the 50-day moving average or even a test of the $5.51 support level.
3. **MACD**: The MACD is at 0.03, which is close to the neutral level. This suggests that the momentum is currently neutral, not indicating a strong buy or sell signal.
|code|Ticker|Name|Date|bollinger lower band|RSI|KDJ|MACD|market_code|
|---|---|---|---|---|---|---|---|---|
|FIG|FIG.N|Figma|20250731|||77.4707|0.0000|169|
4. **RSI**: The RSI is at 59.7, which is near the midpoint of the 30-70 range. This indicates that the stock is neither overbought nor oversold, suggesting a lack of strong momentum in either direction.
5. **Bollinger Bands**: The current price is near the upper band at $6.17. This could indicate that the stock is due for a potential pullback as it moves closer to the band's midpoint or lower band.
6. **Support and Resistance Levels**: The support level is at $5.81, and the resistance level is at $6.78. The proximity of the stock price to the resistance level suggests that it may face upward pressure, but also indicates a potential for a pullback if resistance is overcome.
|code|Ticker|Name|Date|Support Level|Resistance Level|market_code|
|---|---|---|---|---|---|---|
|FIG|FIG.N|Figma|20250731|84.1050|124.6300|169|
In conclusion, the technical indicators suggest a **short-term volatile outlook** with potential for a pullback towards the $5.51 support level or a breakout above the $6.78 resistance level. The lack of strong momentum (as indicated by the neutral MACD and RSI) suggests that investors should be cautious and consider these indicators when assessing the short-term price movement.