FORUM ENERGY TECHNOLOGIES IN (FET) Stock Technical Analysis
NYSE:FET - New York Stock Exchange, Inc. - US34984V2097 - Common Stock - Currency: USD
Overall FET gets a technical rating of 0 out of 10. FET's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
82% of all other stocks performed better in the past year than FET.
FET is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FET is lagging the market.
In the last month FET has a been trading in the 13.55 - 16.71 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.
FET is an average performer in the Energy Equipment & Services industry, it outperforms 60% of 62 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
The technical rating of FET is bad and it also does not present a 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.
More info and screens
13.42
20.47
2 important support areas can be observed.
- A support zone ranging from 13.95 to 13.96. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 13.56 to 13.57. This zone is formed by a combination of multiple trend lines in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 15.29 to 15.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 16.40 to 16.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @19.85 from a trend line in the weekly time frame.
- Resistance @20.27 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 | DOWN | NEGATIVE | The long term trend for FET is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FET is down. |
| ChartMill Relative Strength | 18.99 | NEGATIVE | FET has a low relative strength, it was outperformed by 81.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FET is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FET is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FET is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.07 | NEUTRAL | The RSI value for FET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests FET has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 29.85 | NEUTRAL | The Stochastics value for FET is a neutral value. |
| Average True Range in percent/ATR (20) | 5.45 | HIGH VOLATILITY | The high ATR as a percentage value for FET suggests high volalility. |
| Average Directional Index/ADX (14) | 18.9 | 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)
14.41
-0.14 (-0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-0.96%
1 Week-7.21%
2 Weeks-1.64%
1 Month-3.42%
3 Month-21.17%
6 Month-5.51%
12 Month-21.43%
2 Year-32.44%
3 Year-41.75%
5 Year148.45%
10 Year-96.53%
15 YearN/A
Volatility
ATR(14)0.68
ATR(20)%5.45%
ATR Inc-52.64%
Range Today0.29
ADR(20)0.7
ADR(20)%4.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.99
Mansfield-1.4
10 Day High16.71
10 Day Low14.17
20 Day High16.71
20 Day Low13.55
52 Week High21.57
52 Week Low12.78
CS1 End13.96
CR1 Start15.29
Volume & EV
DER(3)-3.17%
DER(5)-2.69%
Volume28.80K
Volume Incr-21.41%
Vol(5)43.70K
Vol(50)72.32K