FORIAN INC (FORA) Stock Technical Analysis
NASDAQ:FORA - Nasdaq - US34630N1063 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to FORA. FORA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
88% of all other stocks performed better in the past year than FORA.
FORA is part of the Health Care Technology industry. There are 35 other stocks in this industry, of which 64% are performing better than FORA.
FORA is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month FORA has a been trading in the 1.89 - 2.12 range, which is quite wide. It is currently trading near the lows of this range.
Warning: FORA has an average volume of 12240 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
FORA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 1.87, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FORA 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
1.84
3.63
When analyzing the support we notice one important area.
- A support zone ranging from 1.86 to 1.86. This zone is formed by a combination of multiple trend lines in the daily time frame.
4 important resistance areas can be observed.
- Resistance @1.87 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 1.92 to 2.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.16 to 2.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.59 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for FORA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FORA is neutral. |
| ChartMill Relative Strength | 12.81 | NEGATIVE | FORA has a low relative strength, it was outperformed by 87.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FORA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FORA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FORA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.37 | NEUTRAL | The RSI value for FORA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests FORA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 11.58 | OVERSOLD | The low Stochastics value suggests FORA may be oversold. |
| Average True Range in percent/ATR (20) | 3.23 | MEDIUM VOLATILITY | The ATR as a percentage value for FORA suggests some volalility. |
| Average Directional Index/ADX (14) | 38.22 | POSITIVE | The high ADX value value for FORA 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)
NASDAQ:FORA (8/21/2025, 3:01:46 PM)
1.87
-0.02 (-1.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg-1.06%
1 Week-0.53%
2 Weeks-1.06%
1 Month-4.06%
3 Month-8.7%
6 Month-21.58%
12 Month-25%
2 Year-21.58%
3 Year-54.35%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%3.23%
ATR Inc-5.37%
Range Today0.03
ADR(20)0.06
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
CRS12.81
Mansfield-1.77
10 Day High2.04
10 Day Low1.89
20 Day High2.12
20 Day Low1.89
52 Week High4.03
52 Week Low1.85
CS1 End1.87
CR1 Start1.92
Volume & EV
DER(3)5.38%
DER(5)1.68%
Volume21.34K
Volume Incr21.59%
Vol(5)15.94K
Vol(50)12.24K