NASDAQ trade advice (A): US technology stock | 6-8% gain | USA stock trading picks on 21 May 2024

Date
May 21, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NASDAQ, United States of America

Swing Trading Signals in US Stocks

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • FormFactor
  • 56 – 57
  • 60 – 61.5
  • Below 54
  • 6 – 8%
  • 12 - 14 Days
  • Buy
    FormFactor
  • Buy
    Range
    56 – 57
  • Target
    60 – 61.5
  • Stoploss
    Below 54
  • Upside
    Potential
    6 – 8%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    FormFactor (NASDAQ: FORM) - Stock Overview

  • NASDAQ Code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • FORM
  • FormFactor
  • Technology
  • 57.78
  • 29.43
  • NASDAQ Code FORM
  • Stock Name FormFactor
  • Sector Technology
  • 52 Weeks High 57.78
  • 52 Weeks Low 29.43
  • FormFactor (NASDAQ: FORM) vs NASDAQ - Relative Strength Comparison

    The image highlights FormFactor's performance over the last year versus NASDAQ.
    Relative Performance - Last 1 Year
    FORM —   NASDAQ —

  • FormFactor (NASDAQ: FORM) - Technical Analysis (Daily)

    FormFactor - Technical Analysis chart on Daily Price and Volume
    FormFactor - Technical Analysis chart on Daily Price and Volume

    • Previously the price was moving upwards slowly through a parallel channel.
    • With a Gap Up, price broke the resistance level and sustained above the level.
    • Currently the price is trading at its All Time High level.
    • With increasing volume, it is clear that the momentum is currently with the buyers.
    • If the price sustains above the 57 level, then more upside move possible.
  • FormFactor (NASDAQ: FORM) - RSI Indicator

    FormFactor stock analysis based on RSI Indicator
    FormFactor - RSI Indicator

    • Current RSI of this stock is 73.45, which indicates the strength of buyers.

  • FormFactor (NASDAQ: FORM) - ADX & DI Indicator

    FormFactor stock analysis based on ADX & DI Indicator
    FormFactor - ADX & DI Indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • FormFactor (NASDAQ: FORM) - MACD Indicator

    FormFactor stock analysis based on MACD Indicator
    FormFactor - MACD Indicator

    • MACD line has just crossed the signal line from the below, generates bullish signal.

  • Conclusion - FormFactor (NASDAQ: FORM) Stock Price Forecast

    Based on our short term trading plan in US stocks, FormFactor stock price target will be USD 60 - USD 61.5 in the next 12-14 trading sessions.

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    Target hit. Trade closed.

    NASDAQ FORM

    21 May 2024
    22 May 2024
    22 May 2024
    2 days
    Loss per
    100,000 SAR
    Stop-loss
    54
    Buy Advice
    21 May 2024
    56 – 57
    Target 1
    22 May 2024
    60
    Target 2
    22 May 2024
    61.5
    Profit per
    100,000 SAR
    2 days
    6,869
    54
    56 – 57
    60
    61.5
    6,869
    21 May 2024
    22 May 2024
    22 May 2024
    2 days
    Loss per
    100,000 SAR
    Stop-loss
    54
    Buy Advice
    21 May 2024
    56 – 57
    Target 1
    22 May 2024
    60
    Target 2
    22 May 2024
    61.5
    Profit per
    100,000 SAR
    2 days
    6,869
    54
    56 – 57
    60
    61.5
    6,869
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • FormFactor
  • 56 – 57
  • 60 – 61.5
  • Below 54
  • 6 – 8%
  • 12 - 14 Days
  • Buy FormFactor
  • Buy
    Range
    56 – 57
  • Target 60 – 61.5
  • Stoploss Below 54
  • Upside
    Potential
    6 – 8%
  • Trade
    Duration
    12 - 14 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • FormFactor
  • 56 – 57
  • 60 – 61.5
  • Below 54
  • 6 – 8%
  • 12 - 14 Days
  • Buy
    FormFactor
  • Buy
    Range
    56 – 57
  • Target
    60 – 61.5
  • Stoploss
    Below 54
  • Upside
    Potential
    6 – 8%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    FormFactor (NASDAQ: FORM) - Stock Overview

  • NASDAQ Code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • FORM
  • FormFactor
  • Technology
  • 57.78
  • 29.43
  • NASDAQ Code FORM
  • Stock Name FormFactor
  • Sector Technology
  • 52 Weeks High 57.78
  • 52 Weeks Low 29.43
  • Company profile

    FormFactor is a company that specializes in the design, development, and manufacture of advanced semiconductor wafer probe cards and test systems. These components are crucial in the semiconductor manufacturing process for testing the functionality and performance of semiconductor devices, including integrated circuits (ICs) and chips.

    FormFactor was founded in 1993 and is headquartered in Livermore, California, United States. The company has since grown to become a leading provider of probe card solutions for the semiconductor industry, serving customers worldwide.

  • FormFactor (NASDAQ: FORM) vs NASDAQ - Relative Strength Comparison

    The image highlights FormFactor's performance over the last year versus NASDAQ.
    Relative Performance - Last 1 Year
    FORM —   NASDAQ —

  • FormFactor (NASDAQ: FORM) - Technical Analysis (Daily)

    FormFactor - Technical Analysis chart on Daily Price and Volume
    FormFactor - Technical Analysis chart on Daily Price and Volume

    • Previously the price was moving upwards slowly through a parallel channel.
    • With a Gap Up, price broke the resistance level and sustained above the level.
    • Currently the price is trading at its All Time High level.
    • With increasing volume, it is clear that the momentum is currently with the buyers.
    • If the price sustains above the 57 level, then more upside move possible.
  • FormFactor (NASDAQ: FORM) - RSI Indicator

    FormFactor stock analysis based on RSI Indicator
    FormFactor - RSI Indicator

    • Current RSI of this stock is 73.45, which indicates the strength of buyers.

  • FormFactor (NASDAQ: FORM) - ADX & DI Indicator

    FormFactor stock analysis based on ADX & DI Indicator
    FormFactor - ADX & DI Indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • FormFactor (NASDAQ: FORM) - MACD Indicator

    FormFactor stock analysis based on MACD Indicator
    FormFactor - MACD Indicator

    • MACD line has just crossed the signal line from the below, generates bullish signal.

  • Conclusion - FormFactor (NASDAQ: FORM) Stock Price Forecast

    Based on our short term trading plan in US stocks, FormFactor stock price target will be USD 60 - USD 61.5 in the next 12-14 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

    If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website