FARO TECHNOLOGIES INC (FARO) Stock Technical Analysis
NASDAQ:FARO - Nasdaq - US3116421021 - Common Stock - Currency: USD
Overall FARO gets a technical rating of 10 out of 10. 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.
Both the short term and long term trends are positive. This is a very positive sign.
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. We also observe that the gains produced by FARO over the past year are nicely spread over this period.
FARO is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 94% of 125 stocks in the same industry.
FARO is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so FARO is leading the market.
In the last month FARO has a been trading in a tight range between 41.96 and 43.90.
Volume is considerably higher in the last couple of days.
Although FARO has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
25.51
44.16
When analyzing the support we can see 3 important areas.
- A support zone ranging from 41.99 to 43.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.99 from a trend line in the weekly time frame.
- Support @25.77 from a trend line in the daily time frame.
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 | 97.92 | POSITIVE | FARO has a high relative strength, it outperformed 97.92% 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) | 80.93 | OVERBOUGHT | The high RSI value suggests FARO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests FARO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 91.5 | OVERBOUGHT | The high Stochastics value suggests FARO may be overbought. |
| Average True Range in percent/ATR (20) | 0.59 | LOW VOLATILITY | The low ATR as a percentage value for FARO suggests low volalility. |
| Average Directional Index/ADX (14) | 59.55 | POSITIVE | The high ADX value value for FARO suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
43.72
-0.06 (-0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.14%
1 Week2.73%
2 Weeks3.06%
1 Month3.97%
3 Month54.98%
6 Month67.7%
12 Month167.4%
2 Year169.88%
3 Year41.81%
5 Year-18.43%
10 Year-6.38%
15 Year133.67%
Volatility
ATR(14)0.27
ATR(20)%0.59%
ATR Inc-62.07%
Range Today0.14
ADR(20)0.25
ADR(20)%0.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.92
Mansfield6.37
10 Day High43.9
10 Day Low42.33
20 Day High43.9
20 Day Low41.96
52 Week High43.9
52 Week Low13.52
CS1 End43.02
CR1 StartN/A
Volume & EV
DER(3)-1.77%
DER(5)-0.14%
Volume992.50K
Volume Incr115.31%
Vol(5)1.30M
Vol(50)896.16K