USA A1 Trading Advice (A) | 21-May-2024 | Expected Gain 6%-8%

 BUY   FormFactor Inc. (NASDAQ: FormFactor)

FormFactor Inc. (NASDAQ: FormFactor) STOCK RECOMMENDATION

Idea BUY
Buy Range 56 – 57
Target 60 – 61.5
StopLoss* below 54
Duration 12-14 Trading Days
Potential Returns 6 – 8%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 56 – 57 60 – 61.5 below 54 12-14 Trading Days 6 – 8%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

FormFactor Inc. (NASDAQ: FormFactor) STOCK OVERVIEW

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.

Stock Data
NASDAQ Symbol FormFactor
Sectoral Index Technology
52 Weeks High 57.78
52 Weeks Low 29.43

FormFactor Inc. (NASDAQ: FormFactor) - RELATIVE STRENGTH

FORM-RELATIVE STRENGTH

Relative Performance - Last 1 Year

FormFactor Inc. —     NASDAQ —

FormFactor Inc. (NASDAQ: FormFactor) - DAILY TECHNICAL ANALYSIS

FORM-DAILY TECHNICAL ANALYSIS
FormFactor Inc. (NASDAQ: FormFactor) - Technical Analysis (Daily)
  • 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 Inc. (NASDAQ: FormFactor) - RSI

FORM-RSI
FormFactor Inc. (NASDAQ: FormFactor) - RSI
  • Current RSI of this stock is 73.45, which indicates the strength of buyers.

FormFactor Inc. (NASDAQ: FormFactor) - MACD

FORM-MACD
FormFactor Inc. (NASDAQ: FormFactor) - MACD
  • MACD line has just crossed the signal line from the below, generates bullish signal.

FormFactor Inc. (NASDAQ: FormFactor) - ADX & DI

FORM-ADX & DI
FormFactor Inc. (NASDAQ: FormFactor) - ADX & DI
  • Current RSI of this stock is 73.45, which indicates the strength of buyers.

CONCLUSION - FormFactor Inc. (NASDAQ: FormFactor) STOCK PRICE FORECAST

Based on our USA stock trading advisory services, FormFactor Inc. stock price target will be USD 60 – USD 61.5 in the next 12-14 trading sessions.

FormFactor Inc (NASDAQ: FormFactor) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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