FORUM MARKETS INC (FRMM) Technical Analysis
NASDAQ:FRMM • US68236V4014
Current stock price
FRMM Technical Rating and Analysis
Taking everything into account, FRMM scores 3 out of 10 in our technical rating. FRMM performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- When comparing the yearly performance of all stocks, FRMM is a bad performer in the overall market: 100% of all stocks are doing better.
- FRMM is one of the lesser performing stocks in the Biotechnology industry. 93% of 517 stocks in the same industry do better.
- In the last month FRMM has a been trading in the 2.54 - 3.32 range, which is quite wide. It is currently trading near the lows of this range.
- The long and short term trends are both positive. This is looking good!
FRMM Weekly and Daily overview Charts
FRMM Setup Rating and Analysis
FRMM has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately.
More info and screens
FRMM Support and Resistance Analysis
2.72
We found 1 important resistance area.
- Resistance @3.04 from a horizontal line in the daily time frame.
FRMM Technical Indicator Signal Analysis
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 FRMM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FRMM is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | FRMM has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FRMM is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 41.37 | NEUTRAL | The RSI value for FRMM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests FRMM has a negative trend. |
| Stochastics (14,3) | 33.61 | NEUTRAL | The Stochastics value for FRMM is a neutral value. |
| Average True Range in percent/ATR (20) | 8.39 | HIGH VOLATILITY | The high ATR as a percentage value for FRMM suggests high volalility. |
| Average Directional Index/ADX (14) | 13.5 | NEGATIVE | The low ADX value for FRMM suggests a weak or negative trend. |
FRMM Chart- and CandleStick Pattern Analysis
FRMM Technicals: Chart, Performance Metrics, Trend & Indicators
2.75
-0.06 (-2.14%)
FORUM MARKETS INC / FRMM TA FAQ
What is the ChartMill technical rating of FORUM MARKETS INC (FRMM) stock?
ChartMill assigns a technical rating of 3 / 10 to FRMM.
Can you provide the trend direction for FORUM MARKETS INC?
The current trend direction for FORUM MARKETS INC (FRMM) is Bullish.
Can you provide the RSI signal for FORUM MARKETS INC?
FORUM MARKETS INC (FRMM) has an RSI value of 41.3726. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for FORUM MARKETS INC?
The buy/sell signal for FORUM MARKETS INC (FRMM) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for FORUM MARKETS INC?
FORUM MARKETS INC (FRMM) has a resistance level at 3.04. Check the full technical report for our detailed analysis of FRMM support and resistance levels.