Taking everything into account, FORM scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, FORM has proven to be a steady performer, scoring decent points in every aspect analyzed.
FORM has an excellent technical rating, but the quality of the setup is only medium 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
31.35
When analyzing the support we can see 3 important areas.
- A support zone ranging from 52.36 to 53.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @32.99 from a trend line in the weekly time frame.
- Support @31.67 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @58.29 from a horizontal line in the weekly time frame.
- Resistance @59.26 from a horizontal 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 | 94.72 | POSITIVE | FORM has a high relative strength, it outperformed 94.72% 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) | 68.68 | NEUTRAL | The RSI value for FORM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests FORM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.45 | OVERBOUGHT | The high Stochastics value suggests FORM may be overbought. |
| Average True Range in percent/ATR (20) | 3.95 | MEDIUM VOLATILITY | The ATR as a percentage value for FORM suggests some volalility. |
| Average Directional Index/ADX (14) | 35.28 | POSITIVE | The high ADX value value for FORM suggests a strong trend. |
58.28
-0.05 (-0.09%)
FORMFACTOR INC / FORM FAQ
What is the technical rating for FORM stock?
ChartMill assigns a technical rating of 9 / 10 to FORM.
What is the current trend direction of FORMFACTOR INC (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 68.6847. This indicates that the stock is currently neutral.
What is the short term momentum for FORMFACTOR INC (FORM) stock?
The short term momentum for FORMFACTOR INC (FORM) is positive.
What is the buy/sell signal for FORM stock?
The buy/sell signal for FORMFACTOR INC (FORM) is buy as both the short term and long term trends are positive.