FORRESTER RESEARCH INC (FORR) Stock Technical Analysis
NASDAQ:FORR - US3465631097 - Common Stock
9.66 USD
-0.05 (-0.51%)
9.66 USD
0 (0%)
Overall FORR gets a technical rating of 0 out of 10. 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 negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, FORR is a bad performer in the overall market: 93% of all stocks are doing better.
FORR is part of the Professional Services industry. There are 81 other stocks in this industry, of which 76% are performing better than FORR.
FORR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month FORR has a been trading in the 9.31 - 11.50 range, which is quite wide. It is currently trading near the lows of this range.
Although the technical rating is bad, FORR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 9.55, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
9.26
12.57
2 important support areas can be observed.
- A support zone ranging from 9.50 to 9.55. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @9.35 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 9.85 to 10.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.95 to 11.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.45 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for FORR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FORR is down. |
| ChartMill Relative Strength | 7.1 | NEGATIVE | FORR has a low relative strength, it was outperformed by 92.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FORR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FORR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FORR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.77 | NEUTRAL | The RSI value for FORR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests FORR has a negative trend. |
| Stochastics (14,3) | 35.38 | NEUTRAL | The Stochastics value for FORR is a neutral value. |
| Average True Range in percent/ATR (20) | 4.86 | MEDIUM VOLATILITY | The ATR as a percentage value for FORR suggests some volalility. |
| Average Directional Index/ADX (14) | 17.39 | NEGATIVE | The low ADX value for FORR suggests a weak or negative 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)
9.66
-0.05 (-0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg-0.51%
1 Week2.01%
2 Weeks-0.82%
1 Month-0.82%
3 Month-9.13%
6 Month-12.82%
12 Month-49.63%
2 Year-68.46%
3 Year-76.77%
5 Year-72.76%
10 Year-69.44%
15 Year-68.52%
Volatility
ATR(14)0.39
ATR(20)%4.86%
ATR Inc-57.02%
Range Today0.16
ADR(20)0.45
ADR(20)%4.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.1
Mansfield-3.17
10 Day High10.34
10 Day Low9.31
20 Day High11.5
20 Day Low9.31
52 Week High19.74
52 Week Low8.5
CS1 End9.55
CR1 Start9.85
Volume & EV
DER(3)-1.31%
DER(5)-1.84%
Volume48.60K
Volume Incr-26.25%
Vol(5)73.28K
Vol(50)84.65K