ForgeRock Inc (FORG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FORG - US34631B1017 - Common Stock
We assign a technical rating of 10 out of 10 to FORG. Both in the recent history as in the last year, FORG has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although FORG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
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16.25
When analyzing the support we can see 4 important 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. |
23.21
+1.33 (+6.08%)
ForgeRock Inc / FORG FAQ
Can you provide the ChartMill technical rating for ForgeRock Inc?
ChartMill assigns a technical rating of 10 / 10 to FORG.
What is the current trend direction of ForgeRock Inc (FORG) stock?
The current trend direction for ForgeRock Inc (FORG) is Bullish.
Can you provide the RSI signal for ForgeRock Inc?
ForgeRock Inc (FORG) has an RSI value of 76.0102. This indicates that the stock is currently overbought.
What is the buy/sell signal for FORG stock?
The buy/sell signal for ForgeRock Inc (FORG) is buy as both the short term and long term trends are positive.
What is the support and resistance level for FORG stock?
ForgeRock Inc (FORG) has a support level at 21.14 and a resistance level at 23.22. Check the full technical report for our detailed analysis of FORG support and resistance levels.