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Weaker Stock
Today FARO ranks #12467 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

$71.99 (-4.80%)

Volume: 50k

Closed: Nov 26, 2021

Hollow Logo Score: -4.854

FARO Technologies Stock Forecast

$71.99 (-4.80%)

Volume: 50k

Closed: Nov 26, 2021

Score Hollow Logo -4.854
Which way will FARO go? Request
Key Stats
P/E Ratio 68.41
Beta 1.36
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 75 ] RSI14 is 9 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.

Evaluation of FARO Technologies stock downgraded after the last trading session.
(Updated on Nov 26, 2021)

Sell candidate since 2021-11-26

The FARO Technologies stock price fell by -4.80% on the last day (Friday, 26th Nov 2021) from $75.62 to $71.99. During the day the stock fluctuated 4.47% from a day low at $71.52 to a day high of $74.72. The price has fallen in 8 of the last 10 days and is down by -9.65% for this period. Volume has increased on the last day by 15 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 50 thousand shares were bought and sold for approximately $3.58 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $70.94 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17.31% during the next 3 months and, with a 90% probability hold a price between $83.22 and $99.60 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The FARO Technologies stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $75.29 and $74.07. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, November 05, 2021, and so far it has fallen -12.34%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

FARO Technologies finds support from accumulated volume at $70.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.20 between high and low, or 4.47%. For the last week, the stock has had a daily average volatility of 2.73%.

FARO Technologies is oversold on RSI14 (9). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is FARO Technologies stock A Buy?

The FARO Technologies stock holds several negative signals and despite the positive trend, we believe FARO Technologies will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -4.854

Predicted Opening Price for FARO Technologies of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$72.74 $71.99 (Undervalued)
Sell Candidate Downgraded

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Analyst Ratings

On Oct 07, 2021 "Needham & Company LLC" gave "$77.00" rating for FARO. The price target was changed from $63.78 to 1.1%.

Volatility and Risk
Daily Average Volatility: 2.73 %
Overall Risk: Very High High Medium Low Very Low
2.73 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $73.57
Price: $71.99
Support: $70.15

FARO Insider Trading Show all Trades



Last 100 transactions
Buy: 194 654 | Sell: 72 643 (Shares)
Date Action Amount Person Type
Oct 01, 2021 Buy 32 Wasserman Yuval Deferred Stock Units
Oct 01, 2021 Buy 296 Wasserman Yuval Deferred Stock Units
Oct 01, 2021 Buy 1 483 Chin Moonhie Restricted Stock Units
Oct 01, 2021 Buy 1 483 Davern Alexander M Restricted Stock Units
Oct 01, 2021 Buy 24 Cole Stephen Deferred Stock Units
Show all Insider Trades


Last 100 transactions
Buy: 194 654 | Sell: 72 643 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 75.94 5.49 %
74.72 3.79 %
73.97 2.74 %
Current price: 71.99
Support 71.52 -0.65 %
70.77 -1.70 %
69.54 -3.40 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 82.12 14.07 %
76.27 5.95 %
73.57 2.19 %
Current price 71.99
Support 70.15 -2.56%
68.43 -4.95%
67.96 -5.60%

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About FARO Technologies

FARO Technologies FARO Technologies, Inc. designs, develops, manufactures, markets, and supports software driven, three-dimensional (3D) measurement, imaging, and realization systems for manufacturing, industrial, architecture, surveying, building information modeling, construction, public safety, cultural heritage, and other applications. The company offers FaroArm, a combination of six or seven-axis, articulated measurement arm, a computer, and CAM2 software pro... Read more

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