FORRESTER RESEARCH INC (FORR) Stock Technical Analysis
NASDAQ:FORR - Nasdaq - US3465631097 - Common Stock - Currency: USD
Taking everything into account, FORR scores 3 out of 10 in our technical rating. In the past year, FORR was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, FORR is a bad performer in the overall market: 92% of all stocks are doing better.
FORR is part of the Professional Services industry. There are 82 other stocks in this industry, of which 79% 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.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month FORR has a been trading in the 9.39 - 11.30 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 poor technical rating and the quality of the setup is also not perfect 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
9.26
13.19
3 important support areas can be observed.
- A support zone ranging from 10.12 to 10.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.52 to 9.64. 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.
We can see 4 important resistance areas.
- Resistance @10.57 from a trend line in the weekly time frame.
- Resistance @10.84 from a horizontal line in the weekly time frame.
- Resistance @11.24 from a horizontal line in the daily time frame.
- Resistance @13.06 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 | UP | POSITIVE | The short term trend for FORR is up. |
| ChartMill Relative Strength | 8.96 | NEGATIVE | FORR has a low relative strength, it was outperformed by 91.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FORR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FORR is above the rising 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) | 52.51 | NEUTRAL | The RSI value for FORR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests FORR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.35 | NEUTRAL | The Stochastics value for FORR is a neutral value. |
| Average True Range in percent/ATR (20) | 4.78 | MEDIUM VOLATILITY | The ATR as a percentage value for FORR suggests some volalility. |
| Average Directional Index/ADX (14) | 17.43 | 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)
10.38
-0.32 (-2.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg-2.99%
1 Week8.58%
2 Weeks5.6%
1 Month5.6%
3 Month1.96%
6 Month-31.49%
12 Month-46.08%
2 Year-67.43%
3 Year-77.67%
5 Year-70.44%
10 Year-66.82%
15 Year-67.84%
Volatility
ATR(14)0.49
ATR(20)%4.78%
ATR Inc-0.42%
Range Today0.36
ADR(20)0.48
ADR(20)%4.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.96
Mansfield-3.08
10 Day High11.3
10 Day Low9.4
20 Day High11.3
20 Day Low9.4
52 Week High20.62
52 Week Low8.5
CS1 End10.27
CR1 Start10.57
Volume & EV
DER(3)8.25%
DER(5)8.16%
Volume81.70K
Volume Incr20.3%
Vol(5)88.86K
Vol(50)71.80K