FATE Technical Analysis - FATE THERAPEUTICS INC

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to FATE. In the last year, FATE was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

74% of all other stocks performed better in the past year than FATE.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

In the last month FATE has a been trading in the 0.94 - 1.66 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

FATE has an average volume of 1984280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

FATE is part of the Biotechnology industry. There are 536 other stocks in this industry, FATE did better than 42% of them.

FATE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FATE is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

FATE THERAPEUTICS INC / FATE Weekly stock chart

FATE THERAPEUTICS INC / FATE Daily stock chart

Setup Rating and Analysis

FATE has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.98

1.73

We found 2 important support areas.

A support zone ranging from 1.60 to 1.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 0.99 to 0.99. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

Resistance @1.71 from a horizontal line in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for FATE is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for FATE is up.
ChartMill Relative Strength	26.69	NEGATIVE	FATE has a low relative strength, it was outperformed by 73.31% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of FATE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of FATE is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of FATE is above a declining SMA(200).
Relative Strength Index/RSI (14)	78.46	OVERBOUGHT	The high RSI value suggests FATE may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.06	POSITIVE	The MACD value suggests FATE has a positive trend.
Stochastics (14,3)	93.19	OVERBOUGHT	The high Stochastics value suggests FATE may be overbought.
Average True Range in percent/ATR (20)	6.88	HIGH VOLATILITY	The high ATR as a percentage value for FATE suggests high volalility.
Average Directional Index/ADX (14)	32.76	POSITIVE	The high ADX value value for FATE suggests a strong trend.