Forestar Group Inc. (NYSE:FOR) 2019 a buy at $7
Overall, the bias in prices is: Downwards.
By the way, prices are vulnerable to a correction towards 18.34.
The projected upper bound is: 19.07.
The projected lower bound is: 8.49.
The projected closing price is: 13.78.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 24 white candles and 25 black candles for a net of 1 black candles.
Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 9.6502. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 9 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 40.18. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 9 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -214.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 3 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 3 period(s) ago.
Rex Takasugi – TD Profile
FORESTAR GROUP closed down -2.190 at 13.850. Volume was 57% below average (consolidating) and Bollinger Bands were 38% wider than normal.
Open High Low Close Volume___
16.200 16.200 12.770 13.850 602,939
Short Term: Oversold
Intermediate Term: Bullish
Long Term: (ERROR: Function did not return a value)(ERROR: Function did not return a value)
Moving Averages: 10-period 50-period 200-period
Close: 20.46 15.80(ERROR: Function did not return a value)
Volatility: 220 204(ERROR: Function did not return a value)
Volume: 472,402 1,483,008(ERROR: Function did not return a value)
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
FORESTAR GROUP is currently (ERROR: Function did not return a value)% (ERROR: Function did not return a value) its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of FOR.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on FOR.N and have had this outlook for the last 22 periods.