FWONK technical analysis
FWONK Technical Analysis
Analysis date
July 18, 2026
Market
NasdaqGS (USD)
Daily cutoff
July 17, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
FWONK Data Verification
Cross-validating the latest completed daily bar across independent sources.
- Symbol
- FWONK
- Market
- NasdaqGS
- Currency
- USD (US Dollar)
- Latest completed bar
- July 17, 2026
No adjustment factor (adjusted close equals raw close, factor 1.0). No stock splits or dividend adjustments affecting the analysis period.
| Source | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Yahoo Finance Chart API (primary) | 102.20 | July 17, 2026 | - | Verified |
| Financial Modeling Prep (independent) | 102.20 | July 17, 2026 | 0.00% | Verified |
Bottom line
FWONK Technical Analysis Summary
FWONK (Formula One Group) shows a clearly bullish technical picture across both daily and weekly timeframes. On the daily chart, price at 102.20 is decisively above SMA20 (95.81, +6.67%), SMA50 (92.31, +10.71%), and SMA200 (92.24, +10.80%), confirming a well-established uptrend. RSI14 at 71.17 is in bullish territory but approaching overbought levels, suggesting the trend is strong but may be due for a pullback or consolidation. The daily MACD shows a positive configuration with the MACD line at 2.74 above the signal line at 2.31 and a positive histogram at 0.44, indicating sustained bullish momentum. The weekly timeframe confirms the bullish structure with price above all major SMAs and RSI at 63.61, well within the bullish range without being overextended. The weekly MACD histogram at 1.67 is strongly positive and expanding, reflecting robust momentum at the higher timeframe. Key support lies at SMA20 (90.49 weekly) and the 20-day low of 88.87, with stronger support at SMA50 (92.31 daily). Resistance is at the 52-week high of 109.36 and the recent swing high near 102.74. FWONK has delivered a 252-period return of +99.78% on the weekly chart, reflecting sustained outperformance.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (July 17, 2026)
- Trend
- Strongly bullish. Price at 102.20 is above SMA20 (95.81, +6.67%), SMA50 (92.31, +10.71%), and SMA200 (92.24, +10.80%). All three major SMAs are sloping upward with SMA20 significantly above SMA50 and SMA200, confirming a well-established uptrend with strong momentum. The bullish alignment of all SMAs is a textbook configuration for a sustained upward trend.
- Momentum
- Bullish but approaching overbought. RSI14 at 71.17 is above the 70 threshold, indicating strong bullish momentum that is entering overbought territory. This does not necessarily signal an immediate reversal but suggests the pace of upward movement may moderate. MACD line at 2.74 is well above the signal line at 2.31, and the histogram at 0.44 is positive, confirming sustained bullish momentum.
- Volatility
- Moderate. ATR14 at 2.89 (2.83% of price) suggests average daily movement of about 2.8%. Bollinger Bands (87.57 to 104.06) show price near the upper band, consistent with the strong uptrend. Band width is moderate, indicating normal volatility conditions with a slight upward expansion.
- Volume
- Above average. Latest volume of 2,757,734 is 118.7% of the 20-period average (2,324,217), indicating above-average participation that supports the recent price strength. Volume confirmation during the rally adds conviction to the bullish move.
Assessment
The daily chart presents a clear and sustained bullish picture for FWONK. Price is trading well above all key moving averages with a bullish alignment that has been in place for an extended period. RSI above 70 signals strong momentum that may need a breather, but MACD continues to expand positively. The stock is trading near the upper Bollinger Band, reflecting the strength of the current move. The 52-week position at 75.5% indicates the stock is in the upper half of its annual range, consistent with an established uptrend. The above-average volume adds conviction.
Weekly (July 13, 2026 week)
- Trend
- Strongly bullish. Price at 102.20 is above SMA20 (90.49, +12.94%), SMA50 (93.65, +9.13%), and SMA200 (79.81, +28.06%). All weekly SMAs are sloping upward with SMA20 well above SMA50 and SMA200, confirming a powerful structural uptrend that has been in place for over a year.
- Momentum
- Bullish. RSI14 at 63.61 is above the 50 midline and trending higher, indicating solid bullish momentum without overbought conditions. MACD line at 1.90 is well above the signal line at 0.23, and the histogram at 1.67 is strongly positive and expanding, reflecting robust and accelerating bullish momentum at the weekly level.
- Volatility
- Moderate. ATR14 at 2.01 (1.97% of price) reflects typical weekly ranges for a mid-cap entertainment stock. Bollinger Bands (79.72 to 101.26) show price above the upper band, indicating the weekly trend is extremely strong and potentially extended.
- Volume
- Below average. Weekly volume of 2,757,734 is 29.6% of the 20-week average (9,319,152), indicating reduced participation. The weekly volume data may reflect that the latest weekly bar is incomplete.
Assessment
The weekly chart strongly confirms the bullish trend seen on the daily timeframe. Price is above all major SMAs with a textbook bullish alignment. RSI at 63.61 provides room for further upside before reaching overbought levels, which is constructive. The MACD configuration is strongly bullish with an expanding histogram. Price trading above the upper Bollinger Band suggests the trend is powerful but may be extended in the short term. The 252-period return of +99.78% reflects FWONK's exceptional performance over the past year, driven by the growing global popularity of Formula 1 racing and the expansion of the F1 calendar and media rights.
Key indicators
FWONK Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 71.17 | 63.61 |
| MACD (12, 26, 9) | 2.74 / 2.31 / 0.44 | 1.90 / 0.23 / 1.67 |
| ATR (14) | 2.89 (2.83%) | 2.01 (1.97%) |
| Bollinger Bands (20, 2) | 87.57 - 104.06 | 79.72 - 101.26 |
| SMA (20) | 95.81 | 90.49 |
| SMA (50) | 92.31 | 93.65 |
| SMA (200) | 92.24 | 79.81 |
Price structure
FWONK Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 102.20 | 102.20 |
| 1-Period Return | +2.47% | +2.47% |
| 5-Period Return | +2.57% | +10.88% |
| 20-Period Return | +13.12% | +22.16% |
| 60-Period Return | +12.95% | +3.25% |
| 252-Period Return | +27.34% | +99.78% |
| 52-Week Low | 80.15 | 80.15 |
| 52-Week High | 109.36 | 109.36 |
| 52-Week Position | 75.50% | 75.48% |
Key levels
FWONK Support and Resistance Levels
Key price levels based on recent swing highs and lows across daily and weekly timeframes.
| Level | Daily | Weekly |
|---|---|---|
| 20-Period High | 102.74 | 101.26 |
| 20-Period Low | 88.87 | 84.81 |
| 60-Period High | 102.74 | 109.36 |
| 60-Period Low | 84.26 | 80.15 |
Scenarios
FWONK Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price continues to trend higher supported by strong earnings from Formula 1 events and media rights growth, breaking above the 52-week high at 109.36 with increasing volume.
Invalidation
Price falls decisively below SMA20 (95.81) and breaks the 20-day low at 88.87, suggesting trend exhaustion.
What to watch
Daily RSI holding above 60; MACD histogram continuing to expand; weekly RSI sustaining above 60; volume supporting breakouts to new highs; F1 calendar expansion and media rights deal announcements.
Range-Bound
Trigger
Price oscillates between SMA20 support (95.81) and the 52-week high resistance (109.36) as the market consolidates recent gains and evaluates growth sustainability.
Invalidation
A decisive break above 109.36 or below 88.87 with conviction and volume confirmation.
What to watch
RSI fluctuating between 55 and 70; MACD histogram oscillating around current levels; volume returning to average levels; stability in F1 viewership and sponsorship metrics.
Bearish
Trigger
Price breaks below SMA50 support (92.31) and the 20-day low at 88.87, potentially driven by disappointing F1 event attendance, media rights headwinds, or broader market rotation.
Invalidation
Price reclaims and holds above SMA20 (95.81) and re-establishes the uptrend structure.
What to watch
Daily RSI falling below 50; MACD histogram turning negative; weekly RSI crossing below 50; increasing volume on down days; any negative news around F1 viewership or sponsorship renewals.
Methodology
Methodology and Limitations
This technical analysis uses adjusted closing prices from Yahoo Finance (primary) and Financial Modeling Prep (independent cross-validation). The daily analysis covers approximately 1 year (251 completed bars) ending July 17, 2026. The weekly analysis covers approximately 5 years (262 completed bars) ending the week of July 13, 2026. Prices are adjusted for dividends and stock splits using the adjusted close/raw close ratio. Volume data is from the primary source and may not match other data providers. Technical indicators include SMA, RSI, MACD, ATR, and Bollinger Bands using standard parameters. Key levels are identified from recent swing highs and lows. Technical analysis studies historical price patterns and does not constitute investment advice. It should not be used as the sole basis for trading decisions.
Frequently Asked Questions
This technical analysis is for informational and educational purposes only. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Past performance and historical patterns are not guarantees of future results. All investments carry risk, including the potential loss of principal. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data sourced from Yahoo Finance (primary) and Finviz (independent cross-validation). Data cutoffs: daily July 17, 2026, weekly July 13, 2026 week. Generated July 18, 2026.
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