Faro Technologies Stock Forecast

Buy or Hold candidate since Apr 23, 2025 Gain 59.09%

The FARO Technologies stock price fell by -0.119% on the last day (Thursday, 22nd May 2025) from $42.05 to $42.00. During the last trading day the stock fluctuated 0.333% from a day low at $42.00 to a day high of $42.14. The price has fallen in 6 of the last 10 days and is down by -0.4% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -84 thousand shares and in total, 594 thousand shares were bought and sold for approximately $24.94 million.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $44.43 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 35.63% during the next 3 months and, with a 90% probability hold a price between $38.29 and $60.26 at the end of this 3-month period.

FARO Signals & Forecast

The FARO Technologies stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $42.15. On a fall, the stock will find some support from the long-term average at approximately $32.54. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 07, 2025, and so far it has fallen -0.85%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for FARO Technologies stock

On the downside, the stock finds support just below today's level from accumulated volume at $32.48 and $31.96. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, FARO Technologies finds support just below today's level at $32.48. If this is broken, then the next support from accumulated volume will be at $31.96 and $31.76.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.140 between high and low, or 0.333%. For the last week, the stock has had daily average volatility of 0.414%.

The FARO Technologies stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stock may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $40.63 (-3.25%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 95 and this increases the risk substantially. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (FARO) For The Upcoming Trading Day Of Friday 23rd

For the upcoming trading day on Friday, 23rd we expect FARO Technologies to open at $42.05, and during the day (based on 14 day Average True Range), to move between $40.93 and $43.07, which gives a possible trading interval of +/-$1.07 (+/-2.56%) up or down from last closing price. If FARO Technologies takes out the full calculated possible swing range there will be an estimated 5.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $42.17 (0.40%) than the support at $32.48 (22.67%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is FARO Technologies stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for FARO Technologies stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.056 Buy Candidate Upgraded

Want to trade but not sure how? Our step-by-step guide can help. Skip the guide? Open account with our trusted broker

Predicted Fair Opening Price

Predicted fair opening price on May 23, 2025 - $42.05 ( 0.111%).