FOR Technical Analysis - FORESTAR GROUP INC

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to FOR. In the last year, FOR was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

When comparing the yearly performance of all stocks, FOR is a bad performer in the overall market: 70% of all stocks are doing better.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

FOR is an average performer in the Real Estate Management & Development industry, it outperforms 56% of 63 stocks in the same industry.

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.

In the last month FOR has a been trading in the 24.38 - 27.36 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

FORESTAR GROUP INC / FOR Weekly stock chart

FORESTAR GROUP INC / FOR Daily stock chart

Setup Rating and Analysis

FOR has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 25.31, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

24.55

29.01

When analyzing the support we notice one important area.

A support zone ranging from 24.80 to 25.31. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 4 important resistance areas.

A resistance zone ranging from 25.70 to 26.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 26.85 to 27.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @27.80 from a trend line in the weekly time frame.
A resistance zone ranging from 28.72 to 28.72. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The short term trend for FOR is down.
ChartMill Relative Strength	30.68	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)	DOWN	NEGATIVE	The current price of FOR is below a declining 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)	42.06	NEUTRAL	The RSI value for FOR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.05	NEGATIVE	The MACD value suggests FOR has a negative trend.
Stochastics (14,3)	45.84	NEUTRAL	The Stochastics value for FOR is a neutral value.
Average True Range in percent/ATR (20)	3.11	MEDIUM VOLATILITY	The ATR as a percentage value for FOR suggests some volalility.
Average Directional Index/ADX (14)	16.69	NEGATIVE	The low ADX value for FOR suggests a weak or negative trend.