We assign a technical rating of 10 out of 10 to FARO. Both in the recent history as in the last year, FARO has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that FARO is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, FARO also shows a nice and consistent pattern of rising prices.
- FARO is part of the Electronic Equipment, Instruments & Components industry. There are 123 other stocks in this industry. FARO outperforms 91% of them.
- FARO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month FARO has a been trading in a tight range between 43.72 and 44.05.
Besides having an excellent technical rating, FARO also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 44.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 43.90, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FARO in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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26.50
When analyzing the support we can see 4 important areas.
- A support zone ranging from 43.77 to 43.90. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @41.99 from a horizontal line in the weekly time frame.
- Support @28.12 from a trend line in the weekly time frame.
- Support @26.77 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 44.00 to 44.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for FARO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FARO is up. |
| ChartMill Relative Strength | 97.39 | POSITIVE | FARO has a high relative strength, it outperformed 97.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FARO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FARO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FARO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.36 | OVERBOUGHT | The high RSI value suggests FARO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests FARO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33 | NEUTRAL | The Stochastics value for FARO is a neutral value. |
| Average True Range in percent/ATR (20) | 0.28 | LOW VOLATILITY | The low ATR as a percentage value for FARO suggests low volalility. |
| Average Directional Index/ADX (14) | 66.01 | POSITIVE | The high ADX value value for FARO suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 44.01 | 43.77 | 0.24 (0.55%) | 25.00% |
| An entry @44.01. This is a Buy Stop order right above the resistance zone. | An exit @43.77. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.24 points, which is 0.55%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.14%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
43.99
+0.21 (+0.48%)
FARO TECHNOLOGIES INC / FARO FAQ
What is the ChartMill technical rating of FARO TECHNOLOGIES INC (FARO) stock?
ChartMill assigns a technical rating of 10 / 10 to FARO.
What is the trend direction for FARO stock?
The current trend direction for FARO TECHNOLOGIES INC (FARO) is Bullish.
What is the RSI signal for FARO TECHNOLOGIES INC (FARO) stock?
FARO TECHNOLOGIES INC (FARO) has an RSI value of 75.362. This indicates that the stock is currently overbought.
What is the MACD signal for FARO TECHNOLOGIES INC (FARO) stock?
The MACD indicator for FARO TECHNOLOGIES INC (FARO) has a value of -0.181418, indicating a bearish trend.
What is the support and resistance level for FARO stock?
FARO TECHNOLOGIES INC (FARO) has a support level at 43.9 and a resistance level at 44. Check the full technical report for our detailed analysis of FARO support and resistance levels.