Forescout Technologies Inc (FSCT) Stock Technical Analysis
NASDAQ:FSCT - Nasdaq -
We assign a technical rating of 6 out of 10 to FSCT. In the last year, FSCT was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, FSCT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. 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.
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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.
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 worst case loss on the trade is limited to 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.
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