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Technical Sentiment Analysis for Forum Energy Technologies Inc (FET) As of 2026-02-06, Forum Energy Technologies Inc (FET) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 14 technical signals, shows that 11 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for FET stands at 71.313, which suggests a Sell condition. Meanwhile, the MACD (12, 26) indicator is at 2.481, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 78.115 and the Commodity Channel Index (CCI) at 123.61 further confirm a 4.36 outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, FET is trading above its 60-day moving average of $37.213 and above its 200-day long-term moving average of $26.482. Key price levels to watch include the immediate resistance at $48.43 and strong support at $42.95. A break above $48.43 could signal a bull continuation, while falling below $42.95 may test the next Fibonacci floor at $40.33.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 37.47 | 40.33 | 42.95 | 45.81 | 48.43 | 51.29 | 53.91 |
| Fibonacci | 40.33 | 42.423 | 43.717 | 45.81 | 47.903 | 49.197 | 51.29 |
2026-02-06
| Name | Value |
|---|---|
| RSI_14 | 71.313 |
| STOCHk_14_3_3 | 78.115 |
| STOCHd_14_3_3 | 82.58 |
| CCI_20 | 123.61 |
| AO_5_34 | 5.381 |
| MOM_10 | 4.36 |
| MACD_12_26_9 | 2.481 |
2026-02-06
| Period | Simple | Signal |
|---|---|---|
| MA_5 | 46.646 | Buy |
| MA_10 | 45.57 | Buy |
| MA_20 | 43.486 | Buy |
| MA_60 | 37.213 | Buy |
| MA_200 | 26.482 | Buy |
| MA_250 | 24.769 | Buy |