FORESTAR GROUP INC (FOR) Stock Technical Analysis
USA - NYSE:FOR - US3462321015 - Common Stock
We assign a technical rating of 0 out of 10 to FOR. FOR'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 technical rating of FOR 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
22.86
2 important support areas can be observed.
- A support zone ranging from 24.00 to 24.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.09 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @27.04 from a trend line in the weekly time frame.
- Resistance @27.96 from a horizontal line in the daily time frame.
- Resistance @28.57 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for FOR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FOR is down. |
| ChartMill Relative Strength | 21.82 | NEGATIVE | FOR has a low relative strength, it was outperformed by 78.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FOR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FOR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FOR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.59 | NEUTRAL | The RSI value for FOR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests FOR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.62 | NEUTRAL | The Stochastics value for FOR is a neutral value. |
| Average True Range in percent/ATR (20) | 4.13 | MEDIUM VOLATILITY | The ATR as a percentage value for FOR suggests some volalility. |
| Average Directional Index/ADX (14) | 15.65 | NEGATIVE | The low ADX value for FOR suggests a weak or negative trend. |
24.59
+1.37 (+5.9%)
FORESTAR GROUP INC / FOR FAQ
Can you provide the ChartMill technical rating for FORESTAR GROUP INC?
ChartMill assigns a technical rating of 0 / 10 to FOR.
What is the trend direction for FOR stock?
The current trend direction for FORESTAR GROUP INC (FOR) is Bearish.
What is the RSI signal for FORESTAR GROUP INC (FOR) stock?
FORESTAR GROUP INC (FOR) has an RSI value of 47.5922. This indicates that the stock is currently neutral.
What is the short term momentum for FOR stock?
The short term momentum for FORESTAR GROUP INC (FOR) is negative.
What is the buy/sell signal for FORESTAR GROUP INC (FOR) stock?
The buy/sell signal for FORESTAR GROUP INC (FOR) is sell as both the short term and long term trends are negative.