FORESTAR GROUP INC (FOR) Stock Technical Analysis
NYSE:FOR - New York Stock Exchange, Inc. - US3462321015 - Common Stock - Currency: USD
Overall FOR gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. FOR was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, FOR is a bad performer in the overall market: 81% of all stocks are doing better.
FOR is one of the lesser performing stocks in the Real Estate Management & Development industry. 61% of 64 stocks in the same industry do better.
FOR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month FOR has a been trading in the 19.26 - 23.18 range, which is quite wide. It is currently trading near the high of this range.
FOR has an average technical rating and it also does not offer a high 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
18.27
23.09
We found 2 important support areas.
- A support zone ranging from 19.26 to 19.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.45 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 22.62 to 22.86. 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 | UP | POSITIVE | The short term trend for FOR is up. |
| ChartMill Relative Strength | 19.94 | NEGATIVE | FOR has a low relative strength, it was outperformed by 80.06% off all stocks 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 | NEGATIVE | The current price of FOR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.79 | NEUTRAL | The RSI value for FOR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests FOR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.11 | OVERBOUGHT | The high Stochastics value suggests FOR may be overbought. |
| Average True Range in percent/ATR (20) | 3.25 | MEDIUM VOLATILITY | The ATR as a percentage value for FOR suggests some volalility. |
| Average Directional Index/ADX (14) | 26.76 | 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)
22.36
-0.26 (-1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryReal Estate Management & Development
Performance
% Chg-1.15%
1 Week7.14%
2 Weeks10.97%
1 Month9.39%
3 Month18.12%
6 Month-16.54%
12 Month-27.07%
2 Year-24.15%
3 Year61.56%
5 Year29.17%
10 Year74.69%
15 Year38.8%
Volatility
ATR(14)0.78
ATR(20)%3.25%
ATR Inc-34.38%
Range Today0.49
ADR(20)0.7
ADR(20)%3.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.94
Mansfield-1.87
10 Day High23.18
10 Day Low19.88
20 Day High23.18
20 Day Low19.26
52 Week High34.82
52 Week Low18
CS1 End19.73
CR1 Start22.62
Volume & EV
DER(3)1.71%
DER(5)1.17%
Volume106.30K
Volume Incr2.65%
Vol(5)151.06K
Vol(50)155.23K