FORESTAR GROUP INC (FOR) Stock Technical Analysis
USA - NYSE:FOR - US3462321015 - Common Stock
26.75 USD
-0.33 (-1.22%)
26.75 USD
0 (0%)
Overall FOR gets a technical rating of 6 out of 10. In the last year, FOR was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
In the last month FOR has a been trading in the 26.62 - 29.26 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!
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 58% of all stocks.
FOR is part of the Real Estate Management & Development industry. There are 63 other stocks in this industry, FOR did better than 56% 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 only a medium technical rating, but it does show 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 a support zone below the current price at 26.74, a Stop Loss order could be placed below this zone.
More info and screens
20.60
29.01
We found 2 important support areas.
- A support zone ranging from 26.74 to 26.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.81 from a trend line in the daily time frame.
We found 1 important resistance 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 | UP | POSITIVE | The long term trend for FOR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FOR is neutral. |
| ChartMill Relative Strength | 58.91 | NEUTRAL | FOR is not amongst the best or worst performers 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) | 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) | 46.75 | NEUTRAL | The RSI value for FOR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests FOR has a negative trend. |
| Stochastics (14,3) | 7.01 | OVERSOLD | The low Stochastics value suggests FOR may be oversold. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for FOR suggests some volalility. |
| Average Directional Index/ADX (14) | 36.38 | 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 |
|---|---|---|---|
| 27.51 | 26.73 | 0.78 (2.85%) | 25.00% |
| An entry @27.51. This is a Buy Stop order right above the 10 day moving average. | An exit @26.73. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.78 points, which is 2.85%. | For a 0.71% 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 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.
26.75
-0.33 (-1.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryReal Estate Management & Development
Performance
% Chg-1.22%
1 Week-3.32%
2 Weeks-6.86%
1 Month-0.89%
3 Month37.25%
6 Month23.1%
12 Month-19.52%
2 Year-0.71%
3 Year139.05%
5 Year51.13%
10 Year103.42%
15 Year56.89%
Volatility
ATR(14)0.79
ATR(20)%2.94%
ATR Inc-25.95%
Range Today0.56
ADR(20)0.75
ADR(20)%2.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.91
Mansfield-0.31
10 Day High28.79
10 Day Low26.62
20 Day High29.26
20 Day Low26.62
52 Week High34.82
52 Week Low18
CS1 End26.74
CR1 Start28.57
Volume & EV
DER(3)2.21%
DER(5)-0.54%
Volume247.80K
Volume Incr11.43%
Vol(5)160.74K
Vol(50)179.80K