FORMFACTOR INC (FORM) Stock Technical Analysis
NASDAQ:FORM - Nasdaq - US3463751087 - Common Stock - Currency: USD
Taking everything into account, FORM scores 6 out of 10 in our technical rating. In the last year, FORM was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, FORM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 36.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 35.96, a Stop Loss order could be placed below this zone.
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32.21
When analyzing the support we can see 2 important areas.
- A support zone ranging from 34.75 to 35.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.54 to 33.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 36.19 to 36.37. 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 FORM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FORM is up. |
| ChartMill Relative Strength | 22.07 | NEGATIVE | FORM has a low relative strength, it was outperformed by 77.93% 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) | DOWN | NEGATIVE | The current price of FORM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.25 | NEUTRAL | The RSI value for FORM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests FORM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.97 | OVERBOUGHT | The high Stochastics value suggests FORM may be overbought. |
| Average True Range in percent/ATR (20) | 3.39 | MEDIUM VOLATILITY | The ATR as a percentage value for FORM suggests some volalility. |
| Average Directional Index/ADX (14) | 23.03 | NEUTRAL | The ADX value for FORM suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 36.38 | 34.74 | 1.64 (4.51%) | 22.18% |
| An entry @36.38. This is a Buy Stop order right above the resistance zone. | An exit @34.74. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.64 points, which is 4.51%. | When investing 22.18% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of FORM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
35.97
-0.33 (-0.91%)