FORUM ENERGY TECHNOLOGIES IN (FET) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FET - US34984V2097 - Common Stock
We assign a technical rating of 10 out of 10 to FET. 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.
Although FET has an excellent technical rating, the quality of the presented setup is not ideal 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
13.82
We found 3 important support areas.
- Support @35.76 from a trend line in the daily time frame.
- A support zone ranging from 33.17 to 33.42. 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 | 96.99 | POSITIVE | FET has a high relative strength, it outperformed 96.99% 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) | 67.48 | NEUTRAL | The RSI value for FET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests FET has a positive trend. |
| Stochastics (14,3) | 86.14 | OVERBOUGHT | The high Stochastics value suggests FET may be overbought. |
| Average True Range in percent/ATR (20) | 4.45 | MEDIUM VOLATILITY | The ATR as a percentage value for FET suggests some volalility. |
| Average Directional Index/ADX (14) | 34.1 | POSITIVE | The high ADX value value for FET suggests a strong trend. |
39.51
+1.26 (+3.29%)
FORUM ENERGY TECHNOLOGIES IN / FET FAQ
What is the ChartMill technical rating of FORUM ENERGY TECHNOLOGIES IN (FET) stock?
ChartMill assigns a technical rating of 10 / 10 to FET.
What is the current trend direction of FORUM ENERGY TECHNOLOGIES IN (FET) stock?
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 67.4789. This indicates that the stock is currently neutral.
What is the short term momentum for FET stock?
The short term momentum for FORUM ENERGY TECHNOLOGIES IN (FET) is positive.
What is the buy/sell signal for FORUM ENERGY TECHNOLOGIES IN (FET) stock?
The buy/sell signal for FORUM ENERGY TECHNOLOGIES IN (FET) is buy as both the short term and long term trends are positive.