FORESTAR GROUP INC

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	FOR
ISIN:

FORESTAR GROUP INC - Daily - Technical analysis published on 02/26/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 20.35 USD

My targets

18.39 USD (-4.72%)

17.64 USD (-8.60%)

My analysis

FORESTAR GROUP INC is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 20.35 USD. The next support located at 18.39 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 17.64 USD. Below this support, sellers could then target 16.89 USD.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

FORCE

4.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The FORESTAR GROUP INC rating is 19.30 USD. The price registered a decrease of -0.98% on the session and was between 19.20 USD and 19.78 USD. This implies that the price is at +0.52% from its lowest and at -2.43% from its highest.

19.20

19.78

19.30

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by FORESTAR GROUP INC:

Technical

Technical analysis of this Daily chart of FORESTAR GROUP INC indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	17.64	18.39	19.06	19.30	19.51	20.35	20.90
Change (%)	-8.60%	-4.72%	-1.24%	-	+1.09%	+5.44%	+8.29%
Change	-1.66	-0.91	-0.24	-	+0.21	+1.05	+1.60
Level	Intermediate	Intermediate	Minor	-	Minor	Major	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.72	18.06	18.77	20.11	20.82	22.16	22.87
Camarilla	18.93	19.11	19.30	19.49	19.68	19.87	20.05
Woodie	16.42	17.90	18.47	19.95	20.52	22.00	22.57
Fibonacci	18.06	18.84	19.32	20.11	20.89	21.37	22.16

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.65	20.10	20.97	21.42	22.29	22.73	23.60
Camarilla	21.48	21.60	21.72	21.84	21.96	22.08	22.20
Woodie	19.87	20.21	21.18	21.52	22.50	22.84	23.81
Fibonacci	20.10	20.60	20.91	21.42	21.92	22.23	22.73

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.28	17.42	18.84	20.98	22.40	24.54	25.96
Camarilla	19.29	19.62	19.94	20.27	20.60	20.92	21.25
Woodie	14.93	17.24	18.49	20.80	22.05	24.36	25.61
Fibonacci	17.42	18.78	19.62	20.98	22.34	23.18	24.54

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	37.22
MACD (12,26,9):	-0.1100
Directional Movement:	-11.58
AROON (14):	-14.29
DEMA (21):	20.58
Parabolic SAR (0,02-0,02-0,2):	21.96
Elder Ray (13):	-1.11
Super Trend (3,10):	21.76
Zig ZAG (10):	19.36
VORTEX (21):	0.9100
Stochastique (14,3,5):	27.77
TEMA (21):	20.42
Williams %R (14):	-94.37
Chande Momentum Oscillator (20):	-0.77
Repulse (5,40,3):	-10.1500
ROCnROLL:	2
TRIX (15,9):	-0.0100
Courbe Coppock:	2.19

MA7:	20.75
MA20:	20.59
MA50:	20.81
MA100:	20.05
MAexp7:	20.42
MAexp20:	20.66
MAexp50:	20.60
MAexp100:	20.26
Price / MA7:	-6.99%
Price / MA20:	-6.27%
Price / MA50:	-7.26%
Price / MA100:	-3.74%
Price / MAexp7:	-5.48%
Price / MAexp20:	-6.58%
Price / MAexp50:	-6.31%
Price / MAexp100:	-4.74%

News

The last news published on FORESTAR GROUP INC at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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