FILE Price Hovers Near Critical $0.76 Threshold
FILE is currently trading at $0.75, stuck in no-man's land according to technical analysis.
The momentum indicators are all flat, with the RSI just below the 50 midline and the MACD line and signal line converged at identical readings with a histogram of zero.
The Stochastic %K is running above the %D and appears to be curling upward in a subtle but genuine tick for the bulls.
However, the moving average stack shows a broader bearish reality, with the SMA 200 sitting at $0.95, a full 27% above current price.