Forum Energy Technologies Stock Technical Analysis
| FET Stock | USD 15.25 0.36 2.42% |
As of the 25th of November, Forum Energy shows the Variance of 5.85, mean deviation of 1.82, and Standard Deviation of 2.42. Forum Energy Technologies technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices.
Forum Energy Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Forum, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ForumForum |
Forum Energy Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 30.0 | Strong Sell | 0 | Odds |
Most Forum 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 Forum stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Forum Energy Technologies, talking to its executives and customers, or listening to Forum conference calls.
Forum Analyst Advice DetailsForum Energy 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.
Forum Energy Technologies Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. 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 Forum Energy Technologies volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Forum Energy Technologies Trend Analysis
Use this graph to draw trend lines for Forum Energy Technologies. You can use it to identify possible trend reversals for Forum Energy 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 Forum Energy price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Forum Energy Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Forum Energy Technologies applied against its price change over selected period. The best fit line has a slop of 0.03 , which may imply that the returns on investment in Forum Energy Technologies will continue to fail. It has 122 observation points and a regression sum of squares at 27.43, which is the sum of squared deviations for the predicted Forum Energy price change compared to its average price change.About Forum Energy 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 Forum Energy 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 Forum Energy Technologies based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Forum Energy Technologies price pattern first instead of the macroeconomic environment surrounding Forum Energy Technologies. By analyzing Forum Energy'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 Forum Energy'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 Forum Energy specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2024 (projected) | Days Sales Outstanding | 90.68 | 88.68 | 56.45 | PTB Ratio | 0.28 | 0.55 | 0.52 |
Forum Energy November 25, 2024 Technical Indicators
Most technical analysis of Forum 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 Forum from various momentum indicators to cycle indicators. When you analyze Forum 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.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | (0.1) | |||
| Mean Deviation | 1.82 | |||
| Coefficient Of Variation | (1,829) | |||
| Standard Deviation | 2.42 | |||
| Variance | 5.85 | |||
| Information Ratio | (0.11) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.11) | |||
| Maximum Drawdown | 11.03 | |||
| Value At Risk | (3.35) | |||
| Potential Upside | 4.69 | |||
| Skewness | 0.6096 | |||
| Kurtosis | 0.3807 |
Additional Tools for Forum Stock Analysis
When running Forum Energy's price analysis, check to measure Forum Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Forum Energy is operating at the current time. Most of Forum Energy's value examination focuses on studying past and present price action to predict the probability of Forum Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forum Energy's price. Additionally, you may evaluate how the addition of Forum Energy to your portfolios can decrease your overall portfolio volatility.