FormFactor designs and manufactures probe cards, test stations, and thermal/cryogenic systems used to evaluate semiconductor devices across multiple chip types and applications. The company operates through two divisions—Probe Cards and Systems—serving semiconductor manufacturers globally through direct sales, representatives, and distributors. It also provides analytical probes for device characterization and failure analysis, along with maintenance services and customer support.
1Y: 87.53 (+59.3%) · range 48.68–159.93
entry readiness 88 · STRONG SETUP · exit proximity 0
Value area 102.60–141.57 · 95% of 120d volume overhead · heavy supply
FORM is a classic divergence case: a strong earnings surprise (+23.1%) and high daily readiness (88) argue for a building long setup, but the structural overlays push back hard — Markov trend is DOWN with 88% persistence, the peer cluster CONTRADICTS (lag_z +1.1), and the absolute technical leg reads just 21 against an EMA leg of 88. Orca itself refuses to act: daily is WATCH (not confirmed), turtle PASS, MR PASS. Until the entry trigger fires, this is a watchlist name, not a confirmed setup, so NEUTRAL is the honest read.
- Earnings Surprise source fired at 0.933 with a +23.1% print on 2026-10-28 — the single loudest, orthogonal fundamental tell
- Daily readiness 88 [STRONG SETUP], cycle ENTRY ZONE, and EMA/technical leg 88 all point to a maturing technical base
- Fundamentals leg 66 is respectable and matched by the absolute fundamental leg 66
- Prior flag's matured 40d return +15.5% (MFE +23.3%) shows this name has delivered after setup in the recent past
- Markov trend DOWN with 88% P(stay) and peer cluster CONTRADICT (lag_z +1.1) directly oppose the bull case
- Absolute score is only 55 HOLD/NEUTRAL with a technical leg of just 21 and a MeanRev regime — conflicting with the EMA leg of 88
- All three lanes decline to act: daily WATCH ('setup not confirmed'), turtle PASS, mean-reversion PASS (RSI2 10)
- No Monte Carlo on record, so forward risk/expectancy is unquantified; VScore just 34
Invalidated if: A confirmed daily entry trigger (readiness breaks to an OPEN) with the Markov state flipping UP would turn this bullish; a close below the turtle stop ~$70.50 or a deeper cluster CONTRADICT confirms the bearish/structural side.
| Source | Score | Last seen |
|---|---|---|
| earnings-surprise | 0.933 | Oct 30, 2026 |
| congressional-trading | 0.088 | Oct 30, 2026 |
| Horizon | Return | MFE | State |
|---|---|---|---|
| 20d | -5.69% | +14.12% | mature |
| 40d | +15.47% | +23.33% | mature |