FORUM ENERGY TECHNOLOGIES IN (FET) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FET - US34984V2097 - Common Stock
Taking everything into account, FET scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, FET has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although FET has an excellent technical rating, it does not offer a high quality setup 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.
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13.82
We found 3 important support areas.
- Support @30.52 from a trend line in the daily time frame.
- A support zone ranging from 29.41 to 29.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.96 from a horizontal line in the weekly 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 FET is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FET is up. |
| ChartMill Relative Strength | 96.24 | POSITIVE | FET has a high relative strength, it outperformed 96.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FET is above the rising 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) | 68.56 | NEUTRAL | The RSI value for FET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests FET has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.16 | OVERBOUGHT | The high Stochastics value suggests FET may be overbought. |
| Average True Range in percent/ATR (20) | 4.19 | MEDIUM VOLATILITY | The ATR as a percentage value for FET suggests some volalility. |
| Average Directional Index/ADX (14) | 30.26 | POSITIVE | The high ADX value value for FET suggests a strong trend. |
35.3
+0.82 (+2.38%)
FORUM ENERGY TECHNOLOGIES IN / FET FAQ
Can you provide the ChartMill technical rating for FORUM ENERGY TECHNOLOGIES IN?
ChartMill assigns a technical rating of 10 / 10 to FET.
Can you provide the trend direction for FORUM ENERGY TECHNOLOGIES IN?
The current trend direction for FORUM ENERGY TECHNOLOGIES IN (FET) is Bullish.
What is the RSI signal for FORUM ENERGY TECHNOLOGIES IN (FET) stock?
FORUM ENERGY TECHNOLOGIES IN (FET) has an RSI value of 68.5605. 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 0.423463, indicating a bearish trend.
What is the short term momentum for FORUM ENERGY TECHNOLOGIES IN (FET) stock?
The short term momentum for FORUM ENERGY TECHNOLOGIES IN (FET) is positive.