FORESIGHT ACQ CORP -A -CW27 (FOREW) Technical Analysis
NASDAQ:FOREW
Current stock price
FOREW Technical Rating and Analysis
Taking everything into account, FOREW scores 4 out of 10 in our technical rating. FOREW performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- When comparing the yearly performance of all stocks, FOREW is a bad performer in the overall market: 100% of all stocks are doing better.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- FOREW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FOREW is lagging the market.
- In the last month FOREW has a been trading in the 1.10 - 1.57 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FOREW Weekly and Daily overview Charts
FOREW Setup Rating and Analysis
Although the technical rating is only medium, FOREW does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for FOREW 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
FOREW Support and Resistance Analysis
0.86
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1.21 to 1.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.15 from a horizontal line in the daily time frame.
- Support @0.92 from a trend line in the daily time frame.
- Support @0.87 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.36 to 1.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
FOREW 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 | UP | POSITIVE | The long term trend for FOREW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FOREW is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | FOREW has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FOREW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FOREW is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 44.65 | NEUTRAL | The RSI value for FOREW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests FOREW has a negative trend. |
| Stochastics (14,3) | 36.88 | NEUTRAL | The Stochastics value for FOREW is a neutral value. |
| Average True Range in percent/ATR (20) | 9.83 | HIGH VOLATILITY | The high ATR as a percentage value for FOREW suggests high volalility. |
FOREW Chart- and CandleStick Pattern Analysis
FOREW Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:FOREW (12/3/2021, 8:59:25 PM)
1.22
-0.03 (-2.4%)
FORESIGHT ACQ CORP -A -CW27 / FOREW TA FAQ
Can you provide the ChartMill technical rating for FORESIGHT ACQ CORP -A -CW27?
ChartMill assigns a technical rating of 4 / 10 to FOREW.
What is the current trend direction of FORESIGHT ACQ CORP -A -CW27 (FOREW) stock?
The current trend direction for FORESIGHT ACQ CORP -A -CW27 (FOREW) is Bullish.
What is the RSI signal for FORESIGHT ACQ CORP -A -CW27 (FOREW) stock?
FORESIGHT ACQ CORP -A -CW27 (FOREW) has an RSI value of 44.6485. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FORESIGHT ACQ CORP -A -CW27?
The MACD indicator for FORESIGHT ACQ CORP -A -CW27 (FOREW) has a value of -0.0328404, indicating a bearish trend.