FORUM ENERGY TECHNOLOGIES IN (FET) Technical Analysis
NYSE:FET • US34984V2097
Current stock price
FET Technical Rating and Analysis
Overall FET gets a technical rating of 8 out of 10. In the last year, FET was one of the better performers, but we do observe some doubts in the very recent evolution.
- Looking at the yearly performance, FET did better than 98% of all other stocks. We also observe that the gains produced by FET over the past year are nicely spread over this period.
- FET is part of the Energy Equipment & Services industry. There are 62 other stocks in this industry. FET outperforms 96% of them.
- FET 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 FET has a been trading in the 54.61 - 62.89 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
FET Weekly and Daily overview Charts
FET Setup Rating and Analysis
Besides having an excellent technical rating, FET also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 61.93. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
FET Support and Resistance Analysis
53.63
We found 2 important support areas.
- Support @56.08 from a horizontal line in the weekly time frame.
- A support zone ranging from 54.17 to 54.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 61.93 to 62.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
FET Technical Indicator Signal Analysis
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 FET is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FET is down. |
| ChartMill Relative Strength | 98.04 | POSITIVE | FET has a high relative strength, it outperformed 98.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FET is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FET is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FET is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.66 | NEUTRAL | The RSI value for FET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.62 | NEGATIVE | The MACD value suggests FET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.23 | OVERSOLD | The low Stochastics value suggests FET may be oversold. |
| Average True Range in percent/ATR (20) | 4.83 | MEDIUM VOLATILITY | The ATR as a percentage value for FET suggests some volalility. |
| Average Directional Index/ADX (14) | 17.4 | NEGATIVE | The low ADX value for FET suggests a weak or negative trend. |
FET Chart- and CandleStick Pattern Analysis
FET Example Setup
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 |
|---|---|---|---|
| 62.07 | 56.07 | 6.00 (9.67%) | 10.35% |
| An entry @62.07. This is a Buy Stop order right above the resistance zone. | An exit @56.07. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.00 points, which is 9.67%. | When investing 10.35% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
FET Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:FET (4/22/2026, 3:17:30 PM)
59.22
+1.74 (+3.03%)
FORUM ENERGY TECHNOLOGIES IN / FET TA FAQ
What is the ChartMill technical rating of FORUM ENERGY TECHNOLOGIES IN (FET) stock?
ChartMill assigns a technical rating of 8 / 10 to FET.
What is the trend direction for FET stock?
The current trend direction for FORUM ENERGY TECHNOLOGIES IN (FET) is Bullish.
Can you provide the RSI signal for FORUM ENERGY TECHNOLOGIES IN?
FORUM ENERGY TECHNOLOGIES IN (FET) has an RSI value of 48.657. This indicates that the stock is currently neutral.
What is the MACD signal for FET stock?
The MACD indicator for FORUM ENERGY TECHNOLOGIES IN (FET) has a value of -0.623711, indicating a bearish trend.
What is the support and resistance level for FET stock?
FORUM ENERGY TECHNOLOGIES IN (FET) has a support level at 56.08 and a resistance level at 61.93. Check the full technical report for our detailed analysis of FET support and resistance levels.