FORM Technical Analysis - FORMFACTOR INC

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to FORM. 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.

When comparing the yearly performance of all stocks, FORM is a bad performer in the overall market: 83% of all stocks are doing better.

FORM is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 77% of 112 stocks in the same industry do better.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

FORM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FORM is lagging the market.

In the last month FORM has a been trading in the 27.81 - 38.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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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

FORM has an average technical rating and it also 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

28.77

38.37

2 important support areas can be observed.

Support @30.30 from a trend line in the weekly time frame.
Support @29.06 from a trend line in the daily time frame.

2 important resistance areas can be observed.

Resistance @36.19 from a horizontal line in the weekly time frame.
A resistance zone ranging from 37.54 to 37.99. This zone is formed by a combination of multiple trend lines in the daily time frame.

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Support and Resistance indicators

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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	NEUTRAL	NEUTRAL	The long term trend for FORM is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for FORM is up.
ChartMill Relative Strength	17.21	NEGATIVE	FORM has a low relative strength, it was outperformed by 82.79% 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)	DOWN	MIXED	The current price of FORM is above a declining SMA(200).
Relative Strength Index/RSI (14)	64.34	NEUTRAL	The RSI value for FORM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.7	POSITIVE	The MACD value suggests FORM has a positive trend, although the MACD value is declining.
Stochastics (14,3)	76.46	NEUTRAL	The Stochastics value for FORM is a neutral value.
Average True Range in percent/ATR (20)	3.57	MEDIUM VOLATILITY	The ATR as a percentage value for FORM suggests some volalility.
Average Directional Index/ADX (14)	31.97	POSITIVE	The high ADX value value for FORM suggests a strong trend.