FORMFACTOR INC. - Daily - Technical analysis published on 08/16/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 16.51 USD
My targets
17.08 USD (+0.47%)
18.13 USD (+6.65%)
My analysis
FORMFACTOR INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 16.51 USD. The next resistance located at 17.08 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 18.13 USD. After this resistance, buyers could then target 18.95 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FORMFACTOR INC. price is 17.00 USD. The price registered an increase of +1.92% on the session with the lowest point at 16.77 USD and the highest point at 17.07 USD. The deviation from the price is +1.37% for the low point and -0.41% for the high point.16.77
17.07
17.00
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this FORMFACTOR INC. chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.29 | 15.07 | 16.51 | 17.00 | 17.08 | 18.13 | 18.95 |
| Change (%) | -15.94% | -11.35% | -2.88% | - | +0.47% | +6.65% | +11.47% |
| Change | -2.71 | -1.93 | -0.49 | - | +0.08 | +1.13 | +1.95 |
| Level | Intermediate | Major | Major | - | Intermediate | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.81 | 16.06 | 16.42 | 16.67 | 17.02 | 17.27 | 17.63 |
| Camarilla | 16.60 | 16.66 | 16.71 | 16.77 | 16.83 | 16.88 | 16.94 |
| Woodie | 15.86 | 16.09 | 16.47 | 16.69 | 17.07 | 17.30 | 17.68 |
| Fibonacci | 16.06 | 16.29 | 16.44 | 16.67 | 16.90 | 17.04 | 17.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.55 | 16.02 | 16.33 | 16.79 | 17.10 | 17.57 | 17.88 |
| Camarilla | 16.43 | 16.50 | 16.57 | 16.64 | 16.71 | 16.78 | 16.85 |
| Woodie | 15.48 | 15.98 | 16.25 | 16.75 | 17.03 | 17.53 | 17.80 |
| Fibonacci | 16.02 | 16.31 | 16.50 | 16.79 | 17.09 | 17.27 | 17.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.58 | 14.30 | 15.54 | 16.27 | 17.51 | 18.23 | 19.47 |
| Camarilla | 16.24 | 16.42 | 16.60 | 16.78 | 16.96 | 17.14 | 17.32 |
| Woodie | 13.83 | 14.43 | 15.80 | 16.40 | 17.76 | 18.36 | 19.73 |
| Fibonacci | 14.30 | 15.05 | 15.52 | 16.27 | 17.02 | 17.48 | 18.23 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.73 | |
| MACD (12,26,9): | 0.2900 | |
| Directional Movement: | 18.21 | |
| AROON (14): | 14.28 | |
| DEMA (21): | 17.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.56 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 18.49 | |
| Zig ZAG (10): | 16.68 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 14.94 | |
| TEMA (21): | 17.09 | |
| Williams %R (14): | -88.93 | |
| Chande Momentum Oscillator (20): | -0.14 | |
| Repulse (5,40,3): | 1.0600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3500 | |
| Courbe Coppock: | 6.00 |
| MA7: | 16.79 | |
| MA20: | 16.72 | |
| MA50: | 15.78 | |
| MA100: | 16.30 | |
| MAexp7: | 16.81 | |
| MAexp20: | 16.61 | |
| MAexp50: | 16.20 | |
| MAexp100: | 15.98 | |
| Price / MA7: | +1.25% | |
| Price / MA20: | +1.67% | |
| Price / MA50: | +7.73% | |
| Price / MA100: | +4.29% | |
| Price / MAexp7: | +1.13% | |
| Price / MAexp20: | +2.35% | |
| Price / MAexp50: | +4.94% | |
| Price / MAexp100: | +6.38% |
News
Don"t forget to follow the news on FORMFACTOR INC.. At the time of publication of this analysis, the latest news was as follows:
- CORRECTING and REPLACING – Formfactor, Inc. Reports 2019 Second Quarter Results
- FormFactor to Announce Second Quarter 2019 Financial Results on July 31st
- FormFactor to Participate in the 11th Annual CEO Investor Summit 2019
- FormFactor Again Named THE BEST Supplier in Customer Satisfaction Survey
- NI, Tokyo Electron, FormFactor and Reid-Ashman Demonstrate 5G mmWave Semiconductor Wafer Probe Test Solution at NIWeek 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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