Is Fiat Chrysler Automobiles N.V. (NYSE:FCAU) Overbought?


Fiat Chrysler Automobiles N.V. (NYSE:FCAU) has reached overbought status with a 14-day RSI of 85.00.

The Relative Strength Index (RSI) is a very common technical indicator used to determine strengthening and weakening momentum in stock movements. An RSI above 70 is considered overbought while an RSI of under 30 is considered oversold. Overbought is a condition that occurs when prices are considered too high and may be susceptible to a decline.

The stock’s Average True Range (ATR) is sitting at 0.35. The ATR is a short term measure of volatility. It can’t tell you the direction of the stock but indicates how likely the price is to change.

Company shares are trading at $17.19 quite a bit above $14.22, the stock’s 50 day moving average and impressively higher than the 200 day moving average of $11.77. The 50 day moving average went up $2.97 or +20.90% and the 200 day average moved up $5.42.

Short Interest

Investors are feeling more bullish on shares of the company lately at least if you consider the fall in short interest. The firm realized a fall in short interest between August 15, 2017 and August 31, 2017 of -24.45%. Short shares decreased from 31,316,989 to 23,660,824 over that timeframe. The short-interest ratio decreased to 3.0 and the percentage of shorted shares is 0.02% as of August 31.

Fiat Chrysler Automobiles N.V.’s P/E ratio is 7.81 and the market cap of the company is 26.43B. As of the latest earnings report the EPS was $2.20 and is projected to be $2.62 for the current year with 1,537,294,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.71 with next year’s EPS projected to be $2.95.

Company Information

Fiat Chrysler Automobiles N.V. (FCA), launched on April 1, 2014, is an international automotive group. The Company is involved in designing, engineering, manufacturing, distributing and selling vehicles, components and production systems. The Business’s segments include regional mass-market vehicle segments, which include NAFTA (The North American Free Trade Agreement), LATAM (Latin America), APAC (Asia-Pacific) and EMEA (Europe, the Middle East and Africa), Maserati, its luxury brand segment, and a global components segment. The Company manufactures and sells passenger cars, light trucks and light commercial vehicles. As of December 31, 2016, the Company had 162 manufacturing facilities, and 87 research and development centers. The Company has operations in approximately 40 countries and sold its vehicles directly or through distributors and dealers in over 140 countries..