FORUM ENERGY TECHNOLOGIES IN (FET) 20.6 -0.66 (-3.1%)
20.6 -0.66 (-3.1%)
US34984V2097 - Common Stock
Technical Rating
Taking everything into account, FET scores 3 out of 10 in our technical rating. FET has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the yearly performance of all stocks, we notice that FET is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
FET is an average performer in the Energy Equipment & Services industry, it outperforms 68% of 96 stocks in the same industry.
FET is currently trading in the middle of its 52 week range, while the S&P500 Index is trading in the lower part of its yearly range. So FET is doing better than the market!
In the last month FET has a been trading in the 20.95 - 30.98 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Statistics
Support/Resistance Analysis
17.82
24.41
When analyzing the support we notice one important area.
- A support zone ranging from 18.00 to 18.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 21.25 to 21.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 23.73 to 24.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Setup Analysis
Setup Rating
The technical rating of FET is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
FORUM ENERGY TECHNOLOGIES IN20.6
NYSE:FET (9/26/2022, 9:38:37 AM)-0.66 (-3.1%)
| GICS Sector | Energy | ||
| GICS Industry | Energy Equipment & Services | ||
| Today | -3.1% | 1 Week | -14.2% |
| 2 Weeks | -17.98% | 1 Month | -24.88% |
| 3 Month | 3.3% | 6 Month | -9.53% |
| ATR(14) | 1.01 | ATR(20)% | 5.72% |
| ATR Inc | 69.08% | Range Today | 0.72 |
| ST Trend | LT Trend | ||
| SMA(5) | SMA(10) | ||
| SMA(20) | SMA(50) | ||
| SMA(100) | SMA(200) |
| CRS | 91.23 | Mansfield | 1.51 |
| 10 Day High | 26.37 | 10 Day Low | 20.96 |
| 20 Day High | 30.99 | 20 Day Low | 20.96 |
| 52 Week High | 30.99 | 52 Week Low | 14.71 |
| CS1 End | 18.21 | CR1 Start | 23.73 |
| DER(3) | -10.49% | DER(5) | -6.57% |
| Volume | 9.85K | Volume Incr | -15.01% |
| Vol(5) | 25.02K | Vol(50) | 30.35K |
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