ForgeRock Inc (FORG) Stock Technical Analysis
NYSE:FORG - New York Stock Exchange, Inc. - US34631B1017 - Common Stock - Currency: USD
Overall FORG gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FORG is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, FORG did better than 88% of all other stocks. On top of that, FORG also shows a nice and consistent pattern of rising prices.
FORG is one of the better performing stocks in the Software industry, it outperforms 79% of 284 stocks in the same industry.
FORG is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so FORG is leading the market.
In the last month FORG has a been trading in the 20.19 - 23.80 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although FORG has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
16.25
23.93
We found 4 important support areas.
- A support zone ranging from 20.77 to 21.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.11 to 20.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.73 to 19.77. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @16.41 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.22 to 23.69. 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 FORG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FORG is up. |
| ChartMill Relative Strength | 88.36 | POSITIVE | FORG has a high relative strength, it outperformed 88.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FORG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FORG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FORG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 76.01 | OVERBOUGHT | The high RSI value suggests FORG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests FORG has a positive trend. |
| Stochastics (14,3) | 79.9 | NEUTRAL | The Stochastics value for FORG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for FORG suggests some volalility. |
| Average Directional Index/ADX (14) | 24.97 | NEUTRAL | The ADX value for FORG suggests a possible start of a new 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)
23.21
+1.33 (+6.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg6.08%
1 Week9.22%
2 Weeks8.71%
1 Month14.67%
3 Month16.05%
6 Month13.61%
12 Month27.67%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.61
ATR(20)%2.22%
ATR Inc205.7%
Range Today2.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.36
Mansfield0.57
10 Day High23.8
10 Day Low20.73
20 Day High23.8
20 Day Low20.19
52 Week High23.8
52 Week Low14.13
CS1 End21.14
CR1 Start23.22
Volume & EV
DER(3)4.1%
DER(5)-0.19%
Volume7.77M
Volume Incr276.73%
Vol(5)2.01M
Vol(50)765.52K