Formfactor Inc (FORM): Price Now Near $42.04; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for FORM

FORM (Get Ratings)’s 42.0427 Formfactor Inc in the hour prior was especially unusual given the typical amount recorded over the past 30 hour. The hourly chart shows that FORM has seen 2 straight down hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 and 50 hour moving averages, resulting in them with price now being below them. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

FORM ranks 110th in terms of today’s price percentage change out of Electronic Equipment stocks.

FORM’s Technical Outlook on the Daily Chart

At the moment, FORM’s price is down $-1 (-2.32%) from the day prior. FORM has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 day moving average, resulting in them so that price is now turning below it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Formfactor Inc’s price action over the past 90 days can be seen via the chart below.

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FORM: Daily RSI Analysis

  • FORM’s RSI now stands at 24.7253.
  • FORM and RSI may be exhibiting divergent trends. This may be something to monitor.

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