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.
Looking at the yearly performance, FARO did better than 97% of all other 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 125 other stocks in this industry. FARO outperforms 95% of them.
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 the 29.67 - 42.64 range, which is quite wide. It is currently trading near the high of this range.
FARO has an excellent technical rating, but the quality of the setup is only medium 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
24.79
42.80
When analyzing the support we can see 3 important areas.
- A support zone ranging from 41.99 to 42.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.14 from a trend line in the weekly time frame.
- Support @25.04 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 42.38 to 42.38. 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 | 97.49 | POSITIVE | FARO has a high relative strength, it outperformed 97.49% 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) | 78.63 | OVERBOUGHT | The high RSI value suggests FARO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests FARO has a negative trend. |
| Stochastics (14,3) | 54.9 | NEUTRAL | The Stochastics value for FARO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for FARO suggests some volalility. |
| Average Directional Index/ADX (14) | 51.16 | 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)
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 |
|---|---|---|---|
| 42.39 | 41.98 | 0.41 (0.97%) | 25.00% |
| An entry @42.39. This is a Buy Stop order right above the resistance zone. | An exit @41.98. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.41 points, which is 0.97%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.24%. |
- 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.
42.37
+0.07 (+0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0.17%
1 Week0.88%
2 Weeks0.31%
1 Month43.05%
3 Month32.57%
6 Month61.41%
12 Month126.22%
2 Year180.78%
3 Year31.5%
5 Year-24.72%
10 Year-2.89%
15 Year77.21%
Volatility
ATR(14)0.25
ATR(20)%2.18%
ATR Inc9.63%
Range Today0.34
ADR(20)0.4
ADR(20)%0.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.49
Mansfield6.88
10 Day High42.58
10 Day Low41.96
20 Day High42.64
20 Day Low29.67
52 Week High42.64
52 Week Low13.52
CS1 End42.16
CR1 Start42.38
Volume & EV
DER(3)-0.31%
DER(5)-0.21%
Volume676.90K
Volume Incr-52.77%
Vol(5)642.14K
Vol(50)743.04K