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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 2024-07-23 View latest technical analysis

10 day averaged volume of Forum Energy is 38993

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	17.77	17.52	17.90	17.40	0.8 times
22 Mon Jul 2024	17.65	17.27	17.79	17.27	0.918 times
19 Fri Jul 2024	17.48	17.52	17.86	17.42	0.982 times
18 Thu Jul 2024	17.55	17.52	17.73	17.43	1.241 times
17 Wed Jul 2024	17.20	17.70	17.93	16.87	1.405 times
16 Tue Jul 2024	17.57	17.14	17.61	17.14	1.016 times
15 Mon Jul 2024	17.04	16.33	17.13	16.19	0.914 times
12 Fri Jul 2024	16.15	16.05	16.25	15.81	0.821 times
11 Thu Jul 2024	16.07	15.78	16.17	15.77	1.752 times
10 Wed Jul 2024	15.63	15.45	15.71	15.41	0.462 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 17.3, but if it comes below 17.3, then a intra day sell could be more profitable.
If you take a sell trade below 17.3, then use 17.3 as stoploss and 16.6 as target. However if you take a buy trade in stock , then use 17.3 as stoploss and 18.2 as target.

Share price targets for Forum Energy (FET)

Target Type	Value
Downside Target	15.27
Downside Target	15.80
Downside Target	17.27
Upside Target	17.90
Upside Target	17.93
Upside Target	18.05
Upside Target	18.52
Upside Target	18.76
Upside Target	19.88
Upside Target	20.46
Upside Target	20.54

Intraday share price targets for Forum Energy (FET)

Target Type	Value
Downside Intraday Target	17.39
Downside Intraday Target	17.02
Upside Intraday Target	18.02
Upside Intraday Target	18.28
Downside Intraday Target	17.65

Weekly technical analysis of Forum Energy (FET)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	17.77	17.27	17.90	17.27	0.309 times
19 Fri Jul 2024	17.48	16.33	17.93	16.19	1.227 times
12 Fri Jul 2024	16.15	15.66	16.25	15.28	1.589 times
05 Fri Jul 2024	15.48	16.02	16.25	15.27	1.116 times
03 Wed Jul 2024	16.20	16.90	17.32	15.80	0.244 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
23 Tue Jul 2024	17.77	16.90	17.93	15.27	0.657 times
28 Fri Jun 2024	16.86	18.23	18.76	16.10	1.426 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

Scroll below to view daily charts

Price has moved up 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 to mid 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

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

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

Forum Energy Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 17.03 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 rising upwards.

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 is giving positive 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.