FORUM ENERGY TECHNOLOGIES IN (FET) Stock Technical Analysis
NYSE:FET - New York Stock Exchange, Inc. - US34984V2097 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to FET. In the past year, FET was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
FET is part of the Energy Equipment & Services industry. There are 63 other stocks in this industry. FET outperforms 74% of them.
FET is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so FET is performing more or less in line with the market.
In the last month FET has a been trading in the 14.17 - 19.92 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, FET turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
FET has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
13.43
21.31
When analyzing the support we can see 3 important areas.
- A support zone ranging from 15.26 to 15.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 13.96 to 13.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.57 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @19.62 from a trend line in the weekly time frame.
- A resistance zone ranging from 20.27 to 20.52. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @21.10 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for FET is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FET is up. |
| ChartMill Relative Strength | 67.24 | NEUTRAL | FET is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of FET is above a declining 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) | 75.33 | OVERBOUGHT | The high RSI value suggests FET may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.51 | POSITIVE | The MACD value suggests FET has a positive trend. |
| Stochastics (14,3) | 94.27 | OVERBOUGHT | The high Stochastics value suggests FET may be overbought. |
| Average True Range in percent/ATR (20) | 3.95 | MEDIUM VOLATILITY | The ATR as a percentage value for FET suggests some volalility. |
| Average Directional Index/ADX (14) | 27.37 | POSITIVE | The high ADX value value for FET 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)
19.46
+0.46 (+2.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg2.42%
1 Week17.8%
2 Weeks32.02%
1 Month22.54%
3 Month2.1%
6 Month31.13%
12 Month12.94%
2 Year-23.95%
3 Year-0.82%
5 Year84.25%
10 Year-95.2%
15 YearN/A
Volatility
ATR(14)0.81
ATR(20)%3.95%
ATR Inc38.34%
Range Today1.13
ADR(20)0.73
ADR(20)%3.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.24
Mansfield1.36
10 Day High19.92
10 Day Low14.44
20 Day High19.92
20 Day Low14.17
52 Week High21.57
52 Week Low12.78
CS1 End15.3
CR1 Start19.62
Volume & EV
DER(3)1.68%
DER(5)4.46%
Volume82.90K
Volume Incr53.16%
Vol(5)70.54K
Vol(50)66.36K