Faro Technologies Stock Technical Analysis
| FARO Stock | USD 27.00 0.70 2.66% |
As of the 25th of November, FARO Technologies shows the Mean Deviation of 2.34, downside deviation of 2.19, and Market Risk Adjusted Performance of 0.6132. FARO Technologies technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the entity's future prices.
FARO Technologies Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as FARO, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to FAROFARO |
FARO Technologies Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 31.33 | Strong Buy | 2 | Odds |
Most FARO analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand FARO stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of FARO Technologies, talking to its executives and customers, or listening to FARO conference calls.
FARO Technologies technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
FARO Technologies Technical Analysis
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of FARO Technologies volatility. High ATR values indicate high volatility, and low values indicate low volatility.
FARO Technologies Trend Analysis
Use this graph to draw trend lines for FARO Technologies. You can use it to identify possible trend reversals for FARO Technologies as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual FARO Technologies price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.FARO Technologies Best Fit Change Line
The following chart estimates an ordinary least squares regression model for FARO Technologies applied against its price change over selected period. The best fit line has a slop of 0.15 , which means FARO Technologies will continue generating value for investors. It has 122 observation points and a regression sum of squares at 825.08, which is the sum of squared deviations for the predicted FARO Technologies price change compared to its average price change.About FARO Technologies Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of FARO Technologies on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of FARO Technologies based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on FARO Technologies price pattern first instead of the macroeconomic environment surrounding FARO Technologies. By analyzing FARO Technologies's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of FARO Technologies's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to FARO Technologies specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 84.84 | 95.35 | 93.61 | 99.47 | PTB Ratio | 3.9 | 1.73 | 1.59 | 1.51 |
FARO Technologies November 25, 2024 Technical Indicators
Most technical analysis of FARO help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for FARO from various momentum indicators to cycle indicators. When you analyze FARO charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Volume Indicators |
| Risk Adjusted Performance | 0.1402 | |||
| Market Risk Adjusted Performance | 0.6132 | |||
| Mean Deviation | 2.34 | |||
| Semi Deviation | 1.57 | |||
| Downside Deviation | 2.19 | |||
| Coefficient Of Variation | 581.93 | |||
| Standard Deviation | 4.97 | |||
| Variance | 24.68 | |||
| Information Ratio | 0.1455 | |||
| Jensen Alpha | 0.6748 | |||
| Total Risk Alpha | 0.0613 | |||
| Sortino Ratio | 0.3295 | |||
| Treynor Ratio | 0.6032 | |||
| Maximum Drawdown | 40.56 | |||
| Value At Risk | (3.11) | |||
| Potential Upside | 4.09 | |||
| Downside Variance | 4.81 | |||
| Semi Variance | 2.48 | |||
| Expected Short fall | (2.83) | |||
| Skewness | 5.78 | |||
| Kurtosis | 41.62 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FARO Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in FARO Stock, please use our How to Invest in FARO Technologies guide.You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of FARO Technologies. If investors know FARO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about FARO Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.33) | Revenue Per Share 18.152 | Quarterly Revenue Growth (0.05) | Return On Assets 0.013 | Return On Equity (0.03) |
The market value of FARO Technologies is measured differently than its book value, which is the value of FARO that is recorded on the company's balance sheet. Investors also form their own opinion of FARO Technologies' value that differs from its market value or its book value, called intrinsic value, which is FARO Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because FARO Technologies' market value can be influenced by many factors that don't directly affect FARO Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between FARO Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if FARO Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FARO Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.