FORM Technical Analysis - FORMFACTOR INC

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to FORM. 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.

The long and short term trends are both positive. This is looking good!

FORM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FORM is lagging the market slightly.

In the last month FORM has a been trading in the 34.80 - 44.34 range, which is quite wide. It is currently trading near the high of this range.

When comparing the yearly performance of all stocks, we notice that FORM is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

FORM is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry, FORM did better than 49% of them.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

FORMFACTOR INC / FORM Weekly stock chart

Setup Rating and Analysis

Although FORM has an excellent technical rating, it does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

29.61

44.07

We found 4 important support areas.

A support zone ranging from 40.22 to 40.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 37.90 to 38.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @31.27 from a trend line in the weekly time frame.
Support @29.91 from a trend line in the daily time frame.

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Technical Indicator Signal Analysis

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	75.5	POSITIVE	FORM has a high relative strength, it outperformed 75.5% 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)	71.24	OVERBOUGHT	The high RSI value suggests FORM may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.24	POSITIVE	The MACD value suggests FORM has a positive trend.
Stochastics (14,3)	84.9	OVERBOUGHT	The high Stochastics value suggests FORM may be overbought.
Average True Range in percent/ATR (20)	4.58	MEDIUM VOLATILITY	The ATR as a percentage value for FORM suggests some volalility.
Average Directional Index/ADX (14)	39.66	POSITIVE	The high ADX value value for FORM suggests a strong trend.