FORUM ENERGY TECHNOLOGIES IN (FET) Stock Technical Analysis
USA - NYSE:FET - US34984V2097 - Common Stock
26.77 USD
-0.77 (-2.8%)
26.77 USD
0 (0%)
Overall FET gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FET is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that FET is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, FET also shows a nice and consistent pattern of rising prices.
FET is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 91% of 61 stocks in the same industry.
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 25.07 - 28.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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 very little resistance above the current price. There is a support zone below the current price at 26.46, a Stop Loss order could be placed below this zone.
More info and screens
13.82
27.04
5 important support areas can be observed.
- A support zone ranging from 25.80 to 26.46. 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 25.26 to 25.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.75 from a trend line in the weekly time frame.
- Support @21.71 from a trend line in the daily time frame.
- 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 | 93.29 | POSITIVE | FET has a high relative strength, it outperformed 93.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FET is below 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) | 52.58 | NEUTRAL | The RSI value for FET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests FET has a negative trend. |
| Stochastics (14,3) | 64.32 | NEUTRAL | The Stochastics value for FET is a neutral value. |
| Average True Range in percent/ATR (20) | 3.81 | MEDIUM VOLATILITY | The ATR as a percentage value for FET suggests some volalility. |
| Average Directional Index/ADX (14) | 19.58 | NEGATIVE | The low ADX value for FET suggests a weak or negative 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 |
|---|---|---|---|
| 27.72 | 25.79 | 1.93 (6.96%) | 14.36% |
| An entry @27.72. This is a Buy Stop order right above the 10 day high. | An exit @25.79. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.93 points, which is 6.96%. | When investing 14.36% 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.
26.77
-0.77 (-2.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-2.8%
1 Week5.98%
2 Weeks3.6%
1 Month1.4%
3 Month36.58%
6 Month73.27%
12 Month80.63%
2 Year22.97%
3 Year1.44%
5 Year181.55%
10 Year-89.9%
15 YearN/A
Volatility
ATR(14)1
ATR(20)%3.81%
ATR Inc-11.86%
Range Today0.94
ADR(20)0.96
ADR(20)%3.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.29
Mansfield2.98
10 Day High27.71
10 Day Low25.24
20 Day High28.78
20 Day Low25.07
52 Week High28.78
52 Week Low12.78
CS1 End26.46
CR1 StartN/A
Volume & EV
DER(3)-2.45%
DER(5)-1.06%
Volume108.70K
Volume Incr-24.1%
Vol(5)87.24K
Vol(50)111.16K