FTK: Bullish Engulfing detected on 13 Mar 2026
Overall Score
79
of 100
Good
Win Probability
75%
High
Reward / Risk
2.9
: 1
$0.59 reward
$-0.20 risk
Current Setup
A bullish engulfing pattern is forming at $18.36 after FTK announced its first utilities infrastructure contract to deliver up to 50 MW of power using its proprietary PWRtek platform. The pattern displays excellent structure (15.0/15) with key support at $14.92 and resistance at $18.70. Volume ratio of 3.47x average is exceptional, indicating strong conviction. While breakout score is moderate at 6.5/13, the overall quality score of 79.1 and win probability of 74.55% reflect a credible setup. RSI at 60.8 shows room for upside momentum without overbought conditions.
Stock Context
Flotek secured its first utilities infrastructure contract starting in Q2 2026 with expected revenue of about $1 million per MW if fully deployed. The company delivered highest quarterly and annual revenues since 2017, with Data Analytics achieving its highest-ever quarterly and annual revenue. Gross profit climbed 24% vs. fourth quarter 2024 and 52% as compared to full year 2024. PowerTech revenues reached $15.8 million in 2025, with a new five-year dry lease agreement expected to generate over $27 million in 2026. However, the company reported $0.08 earnings per share for Q4, missing the consensus estimate of $0.15 by $0.07, creating a near-term headwind despite strong operational momentum.
What to Expect
On a successful breakout above $18.70 resistance, the measured move target of $19.60 implies 6.7% upside from current price. Volume confirmation is critical—sustaining above-average relative volume (3.47x) through the resistance validates the breakout. Wall Street consensus price target is $21.33, suggesting additional room if momentum accelerates. The pattern invalidates decisively below key support at $14.92, representing 18.7% downside risk. With 74.55% win probability, the risk/reward ratio favors upside, though modest resistance breakouts require disciplined volume confirmation.
Risk Factors
Q4 earnings missed consensus EPS estimates by $0.07, potentially limiting near-term upside enthusiasm. Zacks Research downgraded Flotek from "strong-buy" to "hold" in February 2026. High beta of 1.74 amplifies downside in broad market weakness—with industrial sector regime bearish (score -0.25), sector headwinds could cascade. CFO James Bond Clement sold 6,299 shares at $16.02 in late February, signaling insider caution. PowerTech ramp depends on Q2 2026 deployment timing and technical assessments—delays would derail near-term revenue. Volatility at 69% and ATR of 6.37% indicate elevated noise; false breakouts common near resistance.
Sources:
Flotek Industries Investor Relations - Overview
·
FTK - Flotek Inds Inc Del Latest Stock News & Market Updates
·
Flotek Industries lands first utilities power contract | FTK Stock News
·
Flotek (FTK) Q4 2025 Earnings Call Transcript | The Motley Fool
·
Flotek Industries, Inc. (FTK) Stock Price, News, Quote & History - Yahoo Finance
·
Flotek (FTK) Q4 2025 Earnings Call Transcript
·
Flotek Industries (FTK) Earnings Date and Reports 2026 $FTK
·
Northland Securities Has Strong Forecast for FTK Q3 Earnings - Markets Daily
·
Analyst Includes Flotek Industries (FTK) Among Top Picks for 2026
·
Flotek Industries, Inc. (FTK) Stock Price, Quote, News & Analysis | Seeking Alpha
·
Flotek Industries (FTK) Earnings: Latest Report, Earnings Call & Financials
·
Flotek (FTK) Q4 2025 Earnings Call Transcript | The Motley Fool
·
Flotek Industries Investor Relations - Overview
·
Examining the Future: Flotek Industries's Earnings Outlook - Flotek Industries (NYSE:FTK) - Benzinga
·
Flotek Continues Data Driven Growth Trajectory, Delivering Strongest Quarterly Revenue Since 2017
·
Flotek Industries (FTK) Earnings Date and Reports 2026 $FTK
·
Flotek sets Q4 2025 earnings call for March 12 | FTK Stock News
·
Flotek Industries (FTK) Lags Q4 Earnings Estimates
·
Flotek Industries (NYSE:FTK) Releases Quarterly Earnings Results, Misses Expectations By $0.07 EPS - Markets Daily
·
Flotek Industries, Inc. Common Stock (FTK) Earnings Report Dates & Earnings Forecasts | Nasdaq
Market & Sector Regime
Market
Neutral
-0.18
-1.0
0
+1.0
Industrials Sector
Bearish
-0.25
-1.0
0
+1.0
Other Patterns Detected Today
Double Bottom
58 days in pattern
Good
32.4
Rounding Bottom
180 days in pattern
Good
33.8
Overall Score
31
of 40
Pattern Quality
20
of 20
Setup
17
of 20
R/R
11
of 18
Context
Pattern Quality Score
15
of 15
Structure
6
of 13
Breakout
10
of 12
Volume
Recent Performance
Momentum & Trend
RSI (14)
60.8
Neutral
MACD Histogram
+0.18
Bullish
Bollinger Band Position
101.1%
Upper Band
Volatility & Risk
20-Day Volatility
0.69
Very High
ATR %
6.4%
High
Beta
1.74
High Beta
Volume Analysis
Volume Ratio
3.47x
Very High
20-Day Avg Vol
292K
shares / day
Current Volume
1.0M
shares traded
Price Levels
52W High
$20.09
Target
$19.60
Resistance
$18.70
Current
$18.36
Stop Loss
$16.69
Support
$14.92
52W Low
$6.05
Disclaimer: This analysis is algorithmically generated for educational purposes only and does not constitute financial advice. Past pattern performance does not guarantee future results. Win probabilities are based on historical data across 370,000+ observations. Always conduct your own research and consult a qualified financial advisor. AI-assisted contextual analysis by Claude (Anthropic). Indicators reflect values at time of detection.