Forum Stock Technical Analysis

FET
 Stock
  

USD 19.31  0.31  1.58%   

As of the 3rd of July, Forum Energy shows the mean deviation of 2.67, and Coefficient Of Variation of (1,749). 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. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Forum Energy Technologies, which can be compared to its rivals. Please confirm Forum Energy Technologies variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Forum Energy Technologies is priced favorably, providing market reflects its regular price of 19.31 per share. Given that Forum Energy has jensen alpha of 0.0202, we urge you to verify Forum Energy Technologies's prevailing market performance to make sure the company can sustain itself at a future point.
  
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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 Forum
Forum Energy's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Forum Energy Analyst Consensus

Target PriceAdvice# of Analysts
30.0Hold1Odds
Forum Energy Technologies current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
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 Details
Forum 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.
A focus of Forum Energy technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Forum Energy trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Forum Energy Technologies Technical Analysis

Indicator
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of Forum Energy Technologies volatility developed by Welles Wilder.
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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   -0.0047  , 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 0.85, 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 stock 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 (projected)
Calculated Tax Rate36.0539.14
Long Term Debt to Equity0.710.59

Forum Energy July 3, 2022 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.
Please check Investing Opportunities. Note that the Forum Energy Technologies information on this page should be used as a complementary analysis to other Forum Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

Complementary Tools for Forum Stock analysis

When running Forum Energy Technologies 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 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.
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Is Forum Energy's industry 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 Forum Energy. If investors know Forum 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 Forum Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
110.5 M
Quarterly Revenue Growth YOY
0.36
Return On Assets
-0.0254
Return On Equity
-0.18
The market value of Forum Energy Technologies is measured differently than its book value, which is the value of Forum that is recorded on the company's balance sheet. Investors also form their own opinion of Forum Energy's value that differs from its market value or its book value, called intrinsic value, which is Forum Energy's 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 Forum Energy's market value can be influenced by many factors that don't directly affect Forum Energy's 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 Forum Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine Forum Energy value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Forum Energy's 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.