FORUM ENERGY TECHNOLOGIES IN (FET) Stock Technical Analysis
USA - NYSE:FET - US34984V2097 - Common Stock
26.55 USD
-0.01 (-0.04%)
26.55 USD
0 (0%)
Overall FET gets a technical rating of 10 out of 10. 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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, FET did better than 90% of all other stocks.
FET is part of the Energy Equipment & Services industry. There are 61 other stocks in this industry. FET outperforms 88% of them.
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 23.04 - 27.72 range, which is quite wide. It is currently trading near the high of this range.
FET has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
13.80
26.82
We found 4 important support areas.
- A support zone ranging from 26.54 to 26.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.16 from a trend line in the weekly time frame.
- Support @20.08 from a trend line in the daily time frame.
- A support zone ranging from 13.94 to 13.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 90.65 | POSITIVE | FET has a high relative strength, it outperformed 90.65% 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) | 63.22 | NEUTRAL | The RSI value for FET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests FET has a negative trend. |
| Stochastics (14,3) | 66.46 | NEUTRAL | The Stochastics value for FET is a neutral value. |
| Average True Range in percent/ATR (20) | 3.34 | MEDIUM VOLATILITY | The ATR as a percentage value for FET suggests some volalility. |
| Average Directional Index/ADX (14) | 45.99 | 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)
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 |
|---|---|---|---|
| 27.73 | 26.53 | 1.20 (4.33%) | 23.11% |
| An entry @27.73. This is a Buy Stop order right above the 10 day high. | An exit @26.53. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.20 points, which is 4.33%. | When investing 23.11% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of FET. Please evaluate whether better entry and exit points can be found.
- 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.
26.55
-0.01 (-0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-0.04%
1 Week0.99%
2 Weeks1.18%
1 Month11.74%
3 Month35.32%
6 Month29.39%
12 Month59.84%
2 Year10.53%
3 Year25%
5 Year141.58%
10 Year-89.13%
15 YearN/A
Volatility
ATR(14)0.89
ATR(20)%3.34%
ATR Inc-3.47%
Range Today0.65
ADR(20)0.88
ADR(20)%3.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.65
Mansfield3.39
10 Day High27.72
10 Day Low25.46
20 Day High27.72
20 Day Low23.04
52 Week High27.72
52 Week Low12.78
CS1 End26.54
CR1 StartN/A
Volume & EV
DER(3)-2.44%
DER(5)-3.48%
Volume125.20K
Volume Incr15.45%
Vol(5)119.74K
Vol(50)98.32K