FTG.TO - Swing Trade Breakdown๐ฐ FTG โ Swing Trade Breakdown
๐ข Company Snapshot
Firan Technology Group (TSX: FTG) designs and manufactures aerospace/defense electronic products and subsystems (PCBs, flex circuits, avionics)
Recently secured EASA certification for its Edge+ 5G recorder (Airbus family), and continues integration of its FLYHT acquisition as a growth lever
๐ Fundamentals
Metric FTG Industry Avg / Peer Range Notes
P/E ~ 18โ20ร ~ 15โ25ร (tech / aerospace) Valuation is reasonable, not overly expensive for growth name
P/B ~ 2.4ร ~ 1.5โ3ร Trading at premium to book โ investors pricing in growth expectations
Debt / Equity moderate (not deeply leveraged) โ No alarming leverage, seems manageable
ROE (inferred ~ 8โ12 %) โ Decent return profile given small cap scale
Dividend Yield ~ 0 % โ No meaningful dividend; this is a growth / tech-play name
Summary: Fundamentally moderate โ fair valuation, growth expectations baked in, limited income attraction.
๐ Trends & Catalysts
Revenue growth: ~ 20 %+ YoY in recent periods (2024 vs prior)
EPS trend: Modest growth; recent quarters show some volatility / misses vs expectations
Balance sheet: No severe debt pressure; ongoing integration of acquisitions; free cash flow not clearly documented
Catalysts:
โ โข Commercial roll-out of Edge+ recorder (5G) with regulatory certification
โ โข Backlog conversion, aerospace / defense wins
โ โข Further M&A or strategic partnerships
Risks: Execution risk on integration, cyclicality in aerospace, valuation already pricing some expectations, small cap volatility
๐ช Industry Overview
Weekly performance: down ~ โ (recent pullback vs sector)
Monthly: down, likely on broader tech / market rotation
12-mo trend: strong uptrend; FTG is up ~50 %+ over 1 year
Sentiment: Neutral to Bullish โ insiders buying, analyst consensus tilted positive, but technicals show caution
๐ Technicals
Price โ CA$ 10.20โ10.30
50-SMA โ CA$ 11.89
RSI (2) or near-term: ultraโshort term is oversold / weak โ general RSI ~30โ32 zone
Pattern: pulled back from highs; in consolidation / base-forming zone
Support: ~ 9.70 โ 10.50
Resistance: ~ 11.80 โ 12.80
๐ฏ Trade Plan
Entry: 10.30 โ 10.80 (preferably on strength, bounce off lower support)
Stop: ~ 9.60
Target: 12.50 โ 13.50
R/R: ~ 2.0ร to 3.0ร
Alternate: If breaks 11.89 - 12.00 convincingly, can take momentum breakout entry (with tighter stop)
๐ง My Take
FTG looks like a swing setup with upside potential โ it has decent fundamentals, meaningful catalysts, and the technicals are healing after a pullback. But itโs not a low-risk pick: needs confirmation off support or a breakout over resistance. Iโd enter on strength and keep risk tight.
Trade ideas
Watching for Break Higher in FTG.TOBit premature on this one, but watching for a rally back above $3.56. No trade yet.
Like that the price made a big false breakout past the prior low, but then quickly recovered. Been edging higher since. If the price breaks above that triangle a target between $4.40 and $4.50 is reasonable. Also provide a decent reward:risk.
If price keeps dropping, without hitting the trigger price, then no trade.

