Forescout Technologies Inc (FSCT) Technical Analysis
NASDAQ:FSCT
Current stock price
FSCT Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to FSCT. FSCT has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- When comparing the yearly performance of all stocks, FSCT is a bad performer in the overall market: 80% of all stocks are doing better.
- Both the short term and long term trends are positive. This is a very positive sign.
- FSCT has an average volume of 1684450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- FSCT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FSCT is lagging the market slightly.
- In the last month FSCT has a been trading in a tight range between 28.91 and 29.01.
FSCT Weekly and Daily overview Charts
FSCT Setup Rating and Analysis
Although the technical rating is only medium, FSCT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 29.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.98, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FSCT in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
FSCT Support and Resistance Analysis
22.28
2 important support areas can be observed.
- A support zone ranging from 28.95 to 28.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.51 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 29.00 to 29.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @30.32 from a trend line in the daily time frame.
- A resistance zone ranging from 33.12 to 33.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
FSCT 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 FSCT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FSCT is up. |
| ChartMill Relative Strength | 20.39 | NEGATIVE | FSCT has a low relative strength, it was outperformed by 79.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FSCT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FSCT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FSCT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 77.25 | OVERBOUGHT | The high RSI value suggests FSCT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests FSCT has a negative trend. |
| Stochastics (14,3) | 76.19 | NEUTRAL | The Stochastics value for FSCT is a neutral value. |
| Average True Range in percent/ATR (20) | 0.08 | LOW VOLATILITY | The low ATR as a percentage value for FSCT suggests low volalility. |
FSCT Chart- and CandleStick Pattern Analysis
FSCT Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 29.02 | 28.95 | 0.07 (0.24%) | 25.00% |
| An entry @29.02. This is a Buy Stop order right above the 10 day high. | An exit @28.95. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.07 points, which is 0.24%. | For a 0.06% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
FSCT Technicals: Chart, Performance Metrics, Trend & Indicators
28.99
0 (0%)
Forescout Technologies Inc / FSCT TA FAQ
Can you provide the ChartMill technical rating for Forescout Technologies Inc?
ChartMill assigns a technical rating of 6 / 10 to FSCT.
What is the trend direction for FSCT stock?
The current trend direction for Forescout Technologies Inc (FSCT) is Bullish.
Can you provide the RSI signal for Forescout Technologies Inc?
Forescout Technologies Inc (FSCT) has an RSI value of 77.2457. This indicates that the stock is currently overbought.
Can you provide the MACD signal for Forescout Technologies Inc?
The MACD indicator for Forescout Technologies Inc (FSCT) has a value of -0.196311, indicating a bearish trend.
What are the support and resistance levels for Forescout Technologies Inc (FSCT) stock?
Forescout Technologies Inc (FSCT) has a support level at 28.98 and a resistance level at 29. Check the full technical report for our detailed analysis of FSCT support and resistance levels.