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Forrester Research, Inc. (FORR) - Buy, Sell or Hold?

Sector: Consumer Services   Sub-Sector: Diversified Commercial Services
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Wed, 16 Aug 2017NoneBearish EngulfingThu, 27 Jul 2017-2.33%
***Stock database and scans are updated around midnight (New York time) every trading day.
39.90 0.00 (0%) Aug 16 4:00pm EDT
Open: 39.80 Range: 39.70 - 40.50 Vol: 60.81K Avg Vol: 45.96K
EPS: 0.98 P/E ratio: 40.71 EBITDA: 37.68M Mkt Cap: 707.55M
Analyze "FORR" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 39.25
Medium Term: Trading is Range Bound
Last Trade is below the 20 day moving average at 40.27
Last Trade is above the 50 day moving average at 39.80
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 39.80
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of FORR

Stock Trend Analysis - Buy, Sell or Hold "Forrester Research, Inc." (FORR)?

FORR is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 68% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. Even the 20 day moving average is exhibiting similar bullish bias in a trading range. For adventurous traders, once a trading range is identified, a viable strategy is to short breakouts and buy breakdowns with the expectation FORR will return into the established trading range. However, a more conservative and higher probability trade is to still buy dips as the longer term trend is still up. A good place to accummulate longs is at the 200 SMA currently near 39.80. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "FORR".

The analyst consensus estimates for the 1 year price target for this stock is $35.00* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Wed, 16 Aug 2017
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