FORMFACTOR INC (FORM) Stock Technical Analysis
NASDAQ:FORM • US3463751087
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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, FORM did better than 97% of all other stocks. On top of that, FORM also shows a nice and consistent pattern of rising prices.
- FORM is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry. FORM outperforms 92% of them.
- 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 68.97 - 107.04 range, which is quite wide. It is currently trading near the high of this range.
- FORM has an average volume of 1442530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
More info and screens
68.11
We found 3 important support areas.
- A support zone ranging from 92.11 to 92.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @85.20 from a trend line in the daily time frame.
- Support @68.80 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 | 97.79 | POSITIVE | FORM has a high relative strength, it outperformed 97.79% 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) | 63.74 | NEUTRAL | The RSI value for FORM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests FORM has a negative trend. |
| Stochastics (14,3) | 57.11 | NEUTRAL | The Stochastics value for FORM is a neutral value. |
| Average True Range in percent/ATR (20) | 6.23 | HIGH VOLATILITY | The high ATR as a percentage value for FORM suggests high volalility. |
| Average Directional Index/ADX (14) | 41.91 | POSITIVE | The high ADX value value for FORM suggests a strong trend. |
99.7
+0.82 (+0.83%)
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 63.7448. This indicates that the stock is currently neutral.
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 92.28. Check the full technical report for our detailed analysis of FORM support and resistance levels.