FARO TECHNOLOGIES INC (FARO) Stock Technical Analysis
NASDAQ:FARO - Nasdaq - US3116421021 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to FARO. In the last year, FARO was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month FARO has a been trading in the 26.53 - 32.90 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
FARO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FARO is lagging the market slightly.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When comparing the yearly performance of all stocks, we notice that FARO is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
FARO is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, FARO did better than 68% of them.
FARO has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
15.90
29.67
When analyzing the support we can see 4 important areas.
- A support zone ranging from 25.06 to 25.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.56 from a horizontal line in the daily time frame.
- A support zone ranging from 21.48 to 21.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.06 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @29.38 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.55
Mansfield1.83
10 Day High31.11
10 Day Low26.53
20 Day High32.9
20 Day Low26.53
52 Week High32.9
52 Week Low13.52
Performance
1 Week-9.1%
2 Weeks-13.3%
1 Month-16%
3 Month-1.26%
6 Month53.04%
12 Month27.68%
2 Year-1.99%
3 Year-51.3%
5 Year-53.42%
10 Year-55.54%
15 Year11.36%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.52
RSI(14)37.34
LBB26.9
UBB31.96
26.66
-1.17 (-4.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-4.2%
1 Week-9.1%
2 Weeks-13.3%
1 Month-16%
3 Month-1.26%
6 Month53.04%
12 Month27.68%
2 Year-1.99%
3 Year-51.3%
5 Year-53.42%
10 Year-55.54%
15 Year11.36%
Volatility
ATR(14)1.34
ATR(20)%5.07%
ATR Inc7.69%
Range Today1.72
ADR(20)1.29
ADR(20)%4.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.55
Mansfield1.83
10 Day High31.11
10 Day Low26.53
20 Day High32.9
20 Day Low26.53
52 Week High32.9
52 Week Low13.52
CS1 End25.28
CR1 Start29.38
Volume & EV
DER(3)-5.4%
DER(5)-4.27%
Volume241.30K
Volume Incr-24.13%
Vol(5)198.62K
Vol(50)214.29K