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(FET) Forum Energy complete technical analysis [charts+indicators] | Buy/Sell Forum Energy | (FET) share price targets

Complete technical analysis of Forum Energy (FET) by charts plus indicators, forecast predictions and share price targets for Forum Energy (FET)

Forum Energy trades in USA in Energy sector.

10 day averaged volume of Forum Energy is 30981

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 18.48 18.25 18.49 17.90 0.866 times
15 Wed May 2024 18.22 18.62 18.71 17.99 1.132 times
14 Tue May 2024 18.54 18.33 18.76 18.33 0.875 times
13 Mon May 2024 18.25 19.08 19.11 18.20 1.381 times
10 Fri May 2024 19.08 19.71 19.88 18.94 0.694 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 18.6, but if it comes above 18.6, then a intra day buy could be more profitable.
If you take a sell trade below 18.6, then use 18.6 as stoploss and 18 as target. However if you take a buy trade in stock , then use 18.6 as stoploss and 19.02 as target.

Share price targets for Forum Energy (FET)

Target Type Value
Downside Target 17.65
Upside Target 18.52
Upside Target 19.71
Upside Target 19.88
Upside Target 19.92
Upside Target 20.13
Upside Target 20.46
Upside Target 20.54
Upside Target 20.85
Upside Target 23.21

Intraday share price targets for Forum Energy (FET)

Target Type Value
Downside Intraday Target 17.88
Downside Intraday Target 17.29
Upside Intraday Target 19.09
Upside Intraday Target 19.71
Upside Intraday Target 18.5

Weekly technical analysis of Forum Energy (FET)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 18.48 19.08 19.11 17.90 0.867 times
10 Fri May 2024 19.08 18.62 19.88 18.62 1.048 times
03 Fri May 2024 18.51 19.71 19.71 18.00 1.115 times
26 Fri Apr 2024 19.53 19.53 19.92 19.08 0.754 times
19 Fri Apr 2024 19.55 19.61 20.13 18.78 1.569 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Forum Energy (FET)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 18.48 18.56 19.88 17.90 0.616 times
30 Tue Apr 2024 18.65 20.00 20.46 18.52 0.804 times
28 Thu Mar 2024 19.98 19.89 20.54 18.05 1.157 times
29 Thu Feb 2024 20.01 19.58 20.85 17.65 1.079 times

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Forum Energy (FET)

Indicator Name Indicator Value Indicator Signal
ADX 17, 25, 20 Sell
MACD -0, -0Sell
Stochastics 23Sell
CCI -99Sell
RSI 47Sell
OBV -91518Sell
VWAP 19Sell
ADL 0Sell
ROC -5Sell
Force Index 0Sell

Price action analysis of Forum Energy ( (FET) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Forum Energy ( (FET) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Forum Energy ( (FET) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Forum Energy ( (FET) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Forum Energy stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Forum Energy in short term and the sell signal is strong.

Forum Energy Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Forum Energy in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Forum Energy is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 18.77 and Forum Energy (FET) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Forum Energy (FET) stock. Volume based technical analysis of Forum Energy (FET) stock is negative.

Forum Energy Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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