FORESTAR GROUP INC (FOR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FOR - US3462321015 - Common Stock
Taking everything into account, FOR scores 4 out of 10 in our technical rating. FOR has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
FOR has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
23.75
2 important support areas can be observed.
- A support zone ranging from 25.07 to 25.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.99 to 24.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 28.57 to 28.72. 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 | NEUTRAL | NEUTRAL | The long term trend for FOR is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FOR is neutral. |
| ChartMill Relative Strength | 60.04 | 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) | DOWN | MIXED | The current price of FOR is above 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) | 64.52 | NEUTRAL | The RSI value for FOR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests FOR has a positive trend. |
| Stochastics (14,3) | 53.12 | NEUTRAL | The Stochastics value for FOR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.17 | MEDIUM VOLATILITY | The ATR as a percentage value for FOR suggests some volalility. |
| Average Directional Index/ADX (14) | 14.87 | NEGATIVE | The low ADX value for FOR suggests a weak or negative trend. |
27.41
+1.8 (+7.03%)
FORESTAR GROUP INC / FOR FAQ
What is the ChartMill technical rating of FORESTAR GROUP INC (FOR) stock?
ChartMill assigns a technical rating of 4 / 10 to FOR.
Can you provide the trend direction for FORESTAR GROUP INC?
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 64.5238. This indicates that the stock is currently neutral.
Can you provide the short term momentum for FORESTAR GROUP INC?
The short term momentum for FORESTAR GROUP INC (FOR) is neutral.
Can you provide the support and resistance levels for FORESTAR GROUP INC?
FORESTAR GROUP INC (FOR) has a support level at 25.57 and a resistance level at 28.57. Check the full technical report for our detailed analysis of FOR support and resistance levels.