ForgeRock Inc (FORG) Stock Technical Analysis
NYSE:FORG - New York Stock Exchange, Inc. - US34631B1017 - Common Stock - Currency: USD
Taking everything into account, FORG scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FORG is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, FORG did better than 88% of all other stocks. On top of that, FORG also shows a nice and consistent pattern of rising prices.
FORG is one of the better performing stocks in the Software industry, it outperforms 72% of 284 stocks in the same industry.
A new 52 week high is currently being made by FORG, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month FORG has a been trading in the 20.19 - 23.80 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although FORG has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
16.25
23.93
When analyzing the support we can see 4 important areas.
- A support zone ranging from 20.77 to 21.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.11 to 20.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.73 to 19.77. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @16.41 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 23.22 to 23.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.36
Mansfield0.57
10 Day High23.8
10 Day Low20.73
20 Day High23.8
20 Day Low20.19
52 Week High23.8
52 Week Low14.13
Performance
1 Week9.22%
2 Weeks8.71%
1 Month14.67%
3 Month16.05%
6 Month13.61%
12 Month27.67%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)0.12
RSI(14)76.01
LBB20.13
UBB22.61
23.21
+1.33 (+6.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg6.08%
1 Week9.22%
2 Weeks8.71%
1 Month14.67%
3 Month16.05%
6 Month13.61%
12 Month27.67%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.61
ATR(20)%2.22%
ATR Inc205.7%
Range Today2.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.36
Mansfield0.57
10 Day High23.8
10 Day Low20.73
20 Day High23.8
20 Day Low20.19
52 Week High23.8
52 Week Low14.13
CS1 End21.14
CR1 Start23.22
Volume & EV
DER(3)4.1%
DER(5)-0.19%
Volume7.77M
Volume Incr276.73%
Vol(5)2.01M
Vol(50)765.52K