Is Forum Energy Technologies, Inc. technically bullish or bearish?

As of 8 August 2025, the technical trend for Forum Energy Technologies, Inc. has changed from mildly bullish to bullish. The weekly MACD is bullish, and both the weekly and monthly Bollinger Bands are bullish, indicating strong upward momentum. Daily moving averages also confirm a bullish stance. The KST is bullish on both weekly and monthly time frames, while the Dow Theory shows a mildly bullish monthly trend. Although the RSI shows no signal, the OBV is mildly bullish on both weekly and monthly charts. In terms of performance, the company has significantly outperformed the S&P 500 year-to-date with a return of 76.76% compared to the S&P's 12.22%, and over the past year, it has returned 71.12% versus the S&P's 17.14%. Overall, the current technical stance is bullish with strong indicators supporting this view.