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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.

Showing technical analysis as on 2024-06-11 View latest technical analysis

10 day averaged volume of Forum Energy is 43380

Date	Daily Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	17.96	17.63	18.07	17.59	0.613 times
10 Mon Jun 2024	17.63	17.18	17.74	17.18	0.943 times
07 Fri Jun 2024	17.24	16.73	17.27	16.49	2.176 times
06 Thu Jun 2024	16.87	16.38	16.89	16.32	0.556 times
05 Wed Jun 2024	16.48	16.51	16.60	16.10	1.385 times
04 Tue Jun 2024	16.48	17.34	17.34	16.25	1.482 times
03 Mon Jun 2024	17.42	18.23	18.23	17.03	0.996 times
31 Fri May 2024	18.24	18.15	18.28	18.00	0.436 times
30 Thu May 2024	18.02	17.89	18.19	17.67	0.452 times
29 Wed May 2024	17.74	18.07	18.58	17.61	0.722 times

My analysis of stock is bullish for shortterm, and stock might move up till 18.5 or till 19.3. Use a stoploss of 17.85 and if this stock hits its stoploss, then it can fall down till 17.2

Share price targets for Forum Energy (FET)

Target Type	Value
Downside Target	16.10
Downside Target	17.18
Upside Target	18.23
Upside Target	18.52
Upside Target	18.66
Upside Target	18.92
Upside Target	19.11
Upside Target	19.88
Upside Target	20.46
Upside Target	20.54
Upside Target	20.85

Intraday share price targets for Forum Energy (FET)

Target Type	Value
Downside Intraday Target	17.4
Downside Intraday Target	16.85
Upside Intraday Target	18.29
Upside Intraday Target	18.63
Downside Intraday Target	17.74

Weekly technical analysis of Forum Energy (FET)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	17.96	17.18	18.07	17.18	0.236 times
07 Fri Jun 2024	17.24	18.23	18.23	16.10	2.679 times
31 Fri May 2024	18.24	18.49	18.66	17.61	0.488 times
24 Fri May 2024	18.34	18.55	18.92	17.45	1.468 times
17 Fri May 2024	18.61	19.08	19.11	17.90	0.981 times

Price has moved up 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
11 Tue Jun 2024	17.96	18.23	18.23	16.10	0.494 times
31 Fri May 2024	18.24	18.56	19.88	17.45	1.181 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

Scroll below to view daily charts

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)

Price action analysis of Forum Energy ( (FET) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Forum Energy ( (FET) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 losing momentum.

MACD generated a BUY signal for Forum Energy in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Forum Energy Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

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 buy signal for Forum Energy in short term and BUY 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 17.21 and Forum Energy (FET) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.