Things have changed significantly so I thought I would update my thoughts.
Here is the sharpchart
FRPT - SharpCharts from StockCharts.com
The first striking change since May 28 is that the stock price has recovered from its tailspin and is moving sideways. The
most striking change is the shape of the Bollinger Bands. They are long and straight like a pipe!!!! They are not particularly close together but a check on 1.5 years of data this is as tight as this share price seems to get. There is movement coming....but
how low till the share price moves and which direction it will take is not clear.
The RSI has remained the same at 50-55%...slightly negative but not seriously so. The Accum/Dist is now positive (a good sign) and the TRIX is unchanged at slightly negative.
Here is the P&F chart
The resistance to pass...which is very strong is $4.35...that is clearly visible in this chart, if you pass that then the next resistance is at $4.95 The support is at $3.60.
Here is the Yahoo.com 5 day linechart
This chart shows minor resistance at $4.10 and support at $4.00 but these levels are very minor. It looks like the share price ended the day on an up-tick but not necessarily one that is lasting.
Prediction....there is movement coming and so far the position within the BB's of the Sharpchart is favourable being on the + side of the 20dayMA. Perhaps the stock will break up/down in the next week or so. If it exceeds the resistance line it will be solid and auger well for the long term....if it breaks the support this will be bad. It will take vigilance to determine the direction...it is not clear at this point. The near future will see more sideways movement IMHO.