RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FARO
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FARO Technologies stock downgraded from Buy Candidate to Sell Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The FARO Technologies stock price fell by -0.463% on the last day (Thursday, 28th Mar 2024) from $21.61 to $21.51. During the last trading day the stock fluctuated 2.21% from a day low at $21.25 to a day high of $21.72. The price has been going up and down for this period, and there has been a 6.49% gain for the last 2 weeks. 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 -13 thousand shares and in total, 175 thousand shares were bought and sold for approximately $3.77 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.58% during the next 3 months and, with a 90% probability hold a price between $19.29 and $22.65 at the end of this 3-month period.

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FARO Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 7.07%. Further rise is indicated until a new top pivot has been found. 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. The FARO Technologies stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $21.58. On a fall, the stock will find some support from the short-term average at $21.33. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Monday, September 18, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Monday, September 18, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for FARO Technologies stock

FARO Technologies finds support from accumulated volume at $20.87 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 $0.470 between high and low, or 2.21%. For the last week, the stock has had daily average volatility of 2.80%.

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

Trading Expectations (FARO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect FARO Technologies to open at $21.49, and during the day (based on 14 day Average True Range), to move between $20.77 and $22.25, which gives a possible trading interval of +/-$0.744 (+/-3.46%) up or down from last closing price. If FARO Technologies takes out the full calculated possible swing range there will be an estimated 6.92% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $21.54 (0.14%) than the support at $20.87 (2.98%), 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?

FARO Technologies holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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: -2.186 Sell Candidate Downgraded

Predicted Opening Price for FARO Technologies of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$21.49 ( 0.0775%) $21.51

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

Trading levels for FARO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 21.96 2.11 %
R2 21.78 1.27 %
R1 21.67 0.757 %
Current price: 21.51
Support S1 21.31 -0.91 %
S2 21.20 -1.43 %
S3 21.02 -2.26 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 22.53 4.74 %
R2 22.40 4.14 %
R1 21.54 0.139 %
Current price 21.51
Support S1 20.87 -2.98%
S2 20.74 -3.58%
S3 20.11 -6.51%

FAQ

What is the symbol for FARO Technologies Stock and on which exchange is it traded?
The symbol for FARO Technologies is FARO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell FARO Technologies Stock?
FARO Technologies holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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.

How to buy FARO Technologies Stock?
FARO Technologies Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy FARO Technologies Stock.

What's the current price of FARO Technologies Stock?
As of the end of day on the 2024-03-28, the price of an FARO Technologies (FARO) share was $21.51.

What is the 52-week high and low for FARO Technologies Stock?
The 52-week high for FARO Technologies Stock is $25.23 and the 52-week low is $10.30.

What is the market capitalization of FARO Technologies Stock?
As of the 2024-03-28, the market capitalization of FARO Technologies is 408.03M.

When is the next earnings date for FARO Technologies?
The upcoming earnings date for FARO Technologies is May 01, 2024.
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