is a research service that provides financial data and technical analysis of publicly traded stocks.Īll users should speak with their financial advisor before buying or selling any securities. Is Forum Energy Technologies Inc stock A Buy? (0.78%), our systems don't find the trading risk/reward intra-dayĪttractive and any bets should be held until the stock is closer to the support level. Since the stock is closer to the resistance from accumulated volume at $29.50 If Forum Energy Technologies Inc takes out the full calculated possible swing range there will be an estimated 9.02% move between the lowest and the highest trading price during the day. Which gives a possible trading interval of +/-$1.32 (+/-4.51%) up or down from last closing price. Trading Expectations (FET) For The Upcoming Trading Day Of Thursday 23rdįor the upcoming trading day on Thursday, 23rd we expect Forum Energy Technologies Inc to open at $30.07, and during the day (based on 14 day Average True Range), We hold a negative evaluation for this stock. For the last week the stock has had daily average volatility of 4.00%. During the last day, the stock moved $2.67 between high and low, or 9.18%. In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. Support, Risk & Stop-loss for Forum Energy Technologies Inc stockįorum Energy Technologies Inc finds support from accumulated volume at $29.12 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. How to buy FET stock and grow your wealth. The ultimate guide for first-time investors: This may be an early warning and the stock should be followed more closely. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Further fall is indicated until a new bottom pivot has been found. A sell signal was issued from a pivot top point on Wednesday, January 25, 2023, and so far it has fallen -11.62%. A break-up above any of these levels will issue buy signals. On corrections up, there will be some resistance from the lines at $31.63 and $31.02. The Forum Energy Technologies Inc stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. There are few to no technical positive signals at the moment.
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