FORESTAR GROUP INC (FOR) Stock Technical Analysis
NYSE:FOR - New York Stock Exchange, Inc. - US3462321015 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to FOR. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FOR is only an average performer.
The long and short term trends are both positive. This is looking good!
FOR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the performance of all stocks over the past year, FOR turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
FOR is part of the Real Estate Management & Development industry. There are 64 other stocks in this industry, FOR did better than 58% of them.
FOR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FOR is lagging the market.
FOR 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 a resistance zone just above the current price starting at 25.53. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for FOR in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
19.07
25.98
We found 5 important support areas.
- A support zone ranging from 25.04 to 25.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @23.20 from a trend line in the daily time frame.
- A support zone ranging from 21.84 to 21.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.07 from a trend line in the daily time frame.
- Support @19.26 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 25.53 to 25.72. 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 FOR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FOR is up. |
| ChartMill Relative Strength | 62.44 | NEUTRAL | FOR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FOR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FOR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of FOR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 71.16 | OVERBOUGHT | The high RSI value suggests FOR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests FOR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.39 | OVERBOUGHT | The high Stochastics value suggests FOR may be overbought. |
| Average True Range in percent/ATR (20) | 3.39 | MEDIUM VOLATILITY | The ATR as a percentage value for FOR suggests some volalility. |
| Average Directional Index/ADX (14) | 41.97 | POSITIVE | The high ADX value value for FOR 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 |
|---|---|---|---|
| 25.73 | 25.03 | 0.70 (2.72%) | 25.00% |
| An entry @25.73. This is a Buy Stop order right above the resistance zone. | An exit @25.03. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.70 points, which is 2.72%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.68%. |
- The distance between exit and entry is rather small compared to the average daily movement of FOR. 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.
25.52
+0.37 (+1.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryReal Estate Management & Development
Performance
% Chg1.47%
1 Week1.84%
2 Weeks15.58%
1 Month22.28%
3 Month29.48%
6 Month11.39%
12 Month-11.36%
2 Year-10.49%
3 Year105.15%
5 Year43.61%
10 Year97.37%
15 Year71.51%
Volatility
ATR(14)0.9
ATR(20)%3.39%
ATR Inc-41.64%
Range Today0.55
ADR(20)0.82
ADR(20)%3.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.44
Mansfield-0.61
10 Day High26.04
10 Day Low22.5
20 Day High26.04
20 Day Low20.79
52 Week High34.82
52 Week Low18
CS1 End25.41
CR1 Start25.53
Volume & EV
DER(3)3.54%
DER(5)0.9%
Volume192.50K
Volume Incr14.8%
Vol(5)226.38K
Vol(50)178.67K