USA - NASDAQ:FORM - US3463751087 - Common Stock
Overall FORM gets a technical rating of 8 out of 10. Although FORM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
FORM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 42.06. Right above this resistance zone may be a good entry point.
27.34
When analyzing the support we can see 5 important areas.
When analyzing the resistance we notice one important area.
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 | 65.2 | NEUTRAL | FORM is not amongst the best or worst performers 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 | MIXED | The current price of FORM is above a declining SMA(200). |
Relative Strength Index/RSI (14) | 66.74 | NEUTRAL | The RSI value for FORM is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests FORM has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 85.34 | OVERBOUGHT | The high Stochastics value suggests FORM may be overbought. |
Average True Range in percent/ATR (20) | 4.85 | MEDIUM VOLATILITY | The ATR as a percentage value for FORM suggests some volalility. |
Average Directional Index/ADX (14) | 39.1 | POSITIVE | The high ADX value value for FORM suggests a strong trend. |
42.05
+0.15 (+0.36%)