Taking everything into account, FORM scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FORM 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, FORM did better than 95% of all other stocks.
- FORM is part of the Semiconductors & Semiconductor Equipment industry. There are 113 other stocks in this industry. FORM outperforms 87% of them.
- A new 52 week high is currently being made by FORM, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month FORM has a been trading in the 53.41 - 78.00 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 FORM has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
58.45
We found 1 important support area.
- Support @59.04 from a trend line in the daily 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 | UP | POSITIVE | The long term trend for FORM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FORM is up. |
| ChartMill Relative Strength | 95.54 | POSITIVE | FORM has a high relative strength, it outperformed 95.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FORM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FORM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FORM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 79.08 | OVERBOUGHT | The high RSI value suggests FORM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.38 | POSITIVE | The MACD value suggests FORM has a positive trend. |
| Stochastics (14,3) | 83.17 | OVERBOUGHT | The high Stochastics value suggests FORM may be overbought. |
| Average True Range in percent/ATR (20) | 3.94 | MEDIUM VOLATILITY | The ATR as a percentage value for FORM suggests some volalility. |
| Average Directional Index/ADX (14) | 38.03 | POSITIVE | The high ADX value value for FORM suggests a strong trend. |
75.28
+3.29 (+4.57%)
FORMFACTOR INC / FORM FAQ
What is the technical rating for FORM stock?
ChartMill assigns a technical rating of 10 / 10 to FORM.
What is the trend direction for FORM stock?
The current trend direction for FORMFACTOR INC (FORM) is Bullish.
What is the RSI signal for FORM stock?
FORMFACTOR INC (FORM) has an RSI value of 79.0805. This indicates that the stock is currently overbought.
Can you provide the short term momentum for FORMFACTOR INC?
The short term momentum for FORMFACTOR INC (FORM) is positive.
What are the support and resistance levels for FORMFACTOR INC (FORM) stock?
FORMFACTOR INC (FORM) has a support level at 59.04. Check the full technical report for our detailed analysis of FORM support and resistance levels.