Forrester Research Stock Forecast
Stronger technical forecast for Forrester Research stock price after Thursday trading.
(Updated on Mar 28, 2024)
The Forrester Research stock price gained 0.372% on the last trading day (Thursday, 28th Mar 2024), rising from $21.48 to $21.56. During the last trading day the stock fluctuated 1.43% from a day low at $21.44 to a day high of $21.75. The price has risen in 6 of the last 10 days and is up by 11.13% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 thousand more shares were traded than the day before. In total, 128 thousand shares were bought and sold for approximately $2.75 million.
The stock lies the upper part of a very wide and falling 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 $21.92 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -25.36% during the next 3 months and, with a 90% probability hold a price between $12.70 and $16.36 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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FORR Signals & Forecast
Mostly positive signals in the chart today. The Forrester Research stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $21.16 and $20.56. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 12.94%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Forrester Research stock
Forrester Research finds support from accumulated volume at $21.21 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 $0.307 between high and low, or 1.43%. For the last week, the stock has had daily average volatility of 2.79%.
Our recommended stop-loss: $20.47 (-5.04%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (FORR) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Forrester Research to open at $21.58, and during the day (based on 14 day Average True Range), to move between $20.74 and $22.38, which gives a possible trading interval of +/-$0.82 (+/-3.82%) up or down from last closing price. If Forrester Research takes out the full calculated possible swing range there will be an estimated 7.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.68 (0.56%) than the support at $21.21 (1.62%), 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 Forrester Research stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 3.146 Buy Candidate Upgraded
Predicted Opening Price for Forrester Research of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$21.58 ( 0.114%) | $21.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FORR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 21.89 | 1.54 % | |
R2 | 21.77 | 0.99 % | ||
R1 | 21.70 | 0.657 % | ||
Current price: | 21.56 | |||
Support | S1 | 21.47 | -0.429 % | |
S2 | 21.40 | -0.765 % | ||
S3 | 21.28 | -1.31 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 25.75 | 19.43 % | |
R2 | 21.96 | 1.86 % | ||
R1 | 21.68 | 0.557 % | ||
Current price | 21.56 | |||
Support | S1 | 21.21 | -1.62% | |
S2 | 21.00 | -2.60% | ||
S3 | 19.55 | -9.32% |
FORR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Oct 24, 2018 | Dec 11, 2018 | Dec 26, 2018 | $0.200 | 0.460% |
2 | Jul 24, 2018 | Sep 11, 2018 | Sep 26, 2018 | $0.200 | 0.434% |
3 | Apr 26, 2018 | Jun 12, 2018 | Jun 27, 2018 | $0.200 | 0.475% |
4 | Feb 07, 2018 | Mar 06, 2018 | Mar 21, 2018 | $0.200 | 0.461% |
5 | Oct 25, 2017 | Dec 05, 2017 | Dec 20, 2017 | $0.190 | 0.420% |
FAQ
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