FPGROUP

Sector: Semiconductor/ test socket

Analyzed on 06/09/2021

FPGROUP reported a Y-o-Y declined and Q-o-Q flat Q4’21 earnings in August, which may be the reason for the share price to break its steady uptrend (red line). EMA 25/50 Dead Cross has also occurred recently. This indicates a bearish sentiment for the counter. Currently FPGROUP is trading near its previous closing low level. Technically, we anticipate FPGROUP to continue its short-term downtrend unless any positive corporate or sector news that can lift its share price higher.

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