FORRESTER RESEARCH INC (FORR) Stock Technical Analysis
USA - NASDAQ:FORR - US3465631097 - Common Stock
Taking everything into account, FORR scores 0 out of 10 in our technical rating. FORR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of FORR is bad and it also does not present a 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.
More info and screens
7.51
3 important resistance areas can be observed.
- A resistance zone ranging from 8.39 to 8.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 9.51 to 9.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 10.94 to 11.09. 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 | 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 | 6.71 | NEGATIVE | FORR has a low relative strength, it was outperformed by 93.29% 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) | 36.43 | NEUTRAL | The RSI value for FORR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests FORR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.2 | OVERSOLD | The low Stochastics value suggests FORR may be oversold. |
| Average True Range in percent/ATR (20) | 5.66 | HIGH VOLATILITY | The high ATR as a percentage value for FORR suggests high volalility. |
| Average Directional Index/ADX (14) | 36.37 | POSITIVE | The high ADX value value for FORR suggests a strong trend. |
7.59
+0.07 (+0.93%)
FORRESTER RESEARCH INC / FORR FAQ
What is the technical rating for FORR stock?
ChartMill assigns a technical rating of 0 / 10 to FORR.
What is the trend direction for FORR stock?
The current trend direction for FORRESTER RESEARCH INC (FORR) is Bearish.
What is the RSI signal for FORR stock?
FORRESTER RESEARCH INC (FORR) has an RSI value of 36.4279. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for FORRESTER RESEARCH INC?
The buy/sell signal for FORRESTER RESEARCH INC (FORR) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for FORRESTER RESEARCH INC (FORR) stock?
FORRESTER RESEARCH INC (FORR) has a resistance level at 8.39. Check the full technical report for our detailed analysis of FORR support and resistance levels.