FORMFACTOR INC (FORM) Stock Technical Analysis
USA - NASDAQ:FORM - US3463751087 - Common Stock
42.05 USD
+0.15 (+0.36%)
42.5 USD
+0.45 (+1.07%)
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.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month FORM has a been trading in the 34.80 - 43.74 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, FORM turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
FORM is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 42% of 112 stocks in the same industry.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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.
More info and screens
27.34
43.14
When analyzing the support we can see 5 important areas.
- A support zone ranging from 39.87 to 40.33. 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 @31.03 from a trend line in the weekly time frame.
- Support @29.86 from a trend line in the daily time frame.
- Support @27.62 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 42.06 to 42.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
42.05
+0.15 (+0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg0.36%
1 Week10.25%
2 Weeks5.95%
1 Month19.36%
3 Month19.19%
6 Month66.93%
12 Month-4.24%
2 Year24.11%
3 Year108.07%
5 Year48.32%
10 Year410.32%
15 Year332.17%
Volatility
ATR(14)2.29
ATR(20)%4.85%
ATR Inc-10.54%
Range Today1.4
ADR(20)1.85
ADR(20)%4.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.2
Mansfield0.85
10 Day High43.74
10 Day Low37.14
20 Day High43.74
20 Day Low34.8
52 Week High50.79
52 Week Low22.58
CS1 End40.33
CR1 Start42.06
Volume & EV
DER(3)-3.86%
DER(5)-1.84%
Volume810.80K
Volume Incr-15.02%
Vol(5)965.78K
Vol(50)879.83K