FORRESTER RESEARCH INC (FORR) Stock Technical Analysis
NASDAQ:FORR - Nasdaq - US3465631097 - Common Stock - Currency: USD
Taking everything into account, FORR scores 1 out of 10 in our technical rating. FORR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
91% of all other stocks performed better in the past year than FORR.
FORR is one of the lesser performing stocks in the Professional Services industry. 77% of 82 stocks in the same industry do better.
FORR is currently trading near the lower end of its 52 week range, which is not a good sign. FORR is lagging the S&P500 Index which is trading in the middle of its 52 week range.
In the last month FORR has a been trading in the 8.50 - 10.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FORR has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 10.09. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.72, a Stop Loss order could be placed below this zone.
More info and screens
9.54
14.56
When analyzing the support we notice one important area.
- A support zone ranging from 9.64 to 9.72. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 10.09 to 10.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.50 from a trend line in the weekly time frame.
- Resistance @14.42 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.1
Mansfield-3.57
10 Day High10.24
10 Day Low8.9
20 Day High10.24
20 Day Low8.5
52 Week High20.62
52 Week Low8.5
Performance
1 Week1.14%
2 Weeks2.85%
1 Month2.85%
3 Month-34.17%
6 Month-40.09%
12 Month-48.9%
2 Year-66.1%
3 Year-81.41%
5 Year-69.01%
10 Year-71.39%
15 Year-68.98%
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)
Technical Indicators
MACD(12,26,9)0.08
RSI(14)51.09
LBB8.78
UBB10.32
9.73
+0.17 (+1.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg1.78%
1 Week1.14%
2 Weeks2.85%
1 Month2.85%
3 Month-34.17%
6 Month-40.09%
12 Month-48.9%
2 Year-66.1%
3 Year-81.41%
5 Year-69.01%
10 Year-71.39%
15 Year-68.98%
Volatility
ATR(14)0.6
ATR(20)%6.62%
ATR Inc-15.67%
Range Today0.79
ADR(20)0.64
ADR(20)%6.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.1
Mansfield-3.57
10 Day High10.24
10 Day Low8.9
20 Day High10.24
20 Day Low8.5
52 Week High20.62
52 Week Low8.5
CS1 End9.72
CR1 Start10.09
Volume & EV
DER(3)-1.27%
DER(5)1.11%
Volume77.40K
Volume Incr-24.47%
Vol(5)58.62K
Vol(50)83.15K