FORUM ENERGY TECHNOLOGIES IN (FET) Stock Technical Analysis
USA - NYSE:FET - US34984V2097 - Common Stock
25.84 USD
+0.15 (+0.58%)
25.84 USD
0 (0%)
Overall FET gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month FET has a been trading in the 25.07 - 28.78 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
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 in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FET is lagging the market slightly.
FET has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
13.82
26.16
We found 5 important support areas.
- Support @25.83 from a horizontal line in the weekly time frame.
- Support @25.35 from a horizontal line in the daily time frame.
- Support @22.35 from a trend line in the weekly time frame.
- Support @21.14 from a trend line in the daily time frame.
- Support @13.96 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @25.90 from a trend 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 | UP | POSITIVE | The long term trend for FET is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FET is neutral. |
| ChartMill Relative Strength | 90.37 | POSITIVE | FET has a high relative strength, it outperformed 90.37% 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) | 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) | 48.21 | NEUTRAL | The RSI value for FET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests FET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.41 | OVERSOLD | The low Stochastics value suggests FET may be oversold. |
| 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) | 30.32 | 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 |
|---|---|---|---|
| 25.91 | 25.82 | 0.09 (0.35%) | 25.00% |
| An entry @25.91. This is a Buy Stop order right above the resistance zone. | An exit @25.82. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.09 points, which is 0.35%. | For a 0.09% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
25.84
+0.15 (+0.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0.58%
1 Week-3.26%
2 Weeks-6.61%
1 Month-1.71%
3 Month23.93%
6 Month82.49%
12 Month65.32%
2 Year18.7%
3 Year-2.08%
5 Year171.77%
10 Year-90.25%
15 YearN/A
Volatility
ATR(14)1.03
ATR(20)%3.81%
ATR Inc-37.14%
Range Today0.71
ADR(20)0.95
ADR(20)%3.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.37
Mansfield2.55
10 Day High28.78
10 Day Low25.07
20 Day High28.78
20 Day Low25.07
52 Week High28.78
52 Week Low12.78
CS1 End25.83
CR1 Start25.9
Volume & EV
DER(3)0.22%
DER(5)-2.49%
Volume76.05K
Volume Incr-32.93%
Vol(5)83.27K
Vol(50)108.15K