FORTRESS BIOTECH INC (FBIO) Technical Analysis
NASDAQ:FBIO • US34960Q3074
Current stock price
FBIO Technical Rating and Analysis
Overall FBIO gets a technical rating of 1 out of 10. FBIO has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- FBIO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- When comparing the performance of all stocks over the past year, FBIO turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
- FBIO is an average performer in the Biotechnology industry, it outperforms 47% of 511 stocks in the same industry.
- In the last month FBIO has a been trading in the 2.20 - 2.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
FBIO Weekly and Daily overview Charts
FBIO Setup Rating and Analysis
FBIO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.33. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for FBIO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
FBIO Support and Resistance Analysis
2.19
When analyzing the support we can see 2 important areas.
- Support @2.32 from a horizontal line in the weekly time frame.
- Support @2.21 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.33 to 2.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
FBIO 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 | DOWN | NEGATIVE | The long term trend for FBIO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FBIO is down. |
| ChartMill Relative Strength | 41.6 | NEUTRAL | FBIO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FBIO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FBIO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of FBIO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.25 | NEUTRAL | The RSI value for FBIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests FBIO has a positive trend. |
| Stochastics (14,3) | 28.74 | NEUTRAL | The Stochastics value for FBIO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.4 | HIGH VOLATILITY | The high ATR as a percentage value for FBIO suggests high volalility. |
| Average Directional Index/ADX (14) | 40.61 | POSITIVE | The high ADX value value for FBIO suggests a strong trend. |
FBIO Chart- and CandleStick Pattern Analysis
FBIO Technicals: Chart, Performance Metrics, Trend & Indicators
2.33
+0.03 (+1.3%)
FORTRESS BIOTECH INC / FBIO TA FAQ
What is the technical rating for FBIO stock?
ChartMill assigns a technical rating of 1 / 10 to FBIO.
What is the current trend direction of FORTRESS BIOTECH INC (FBIO) stock?
The current trend direction for FORTRESS BIOTECH INC (FBIO) is Bearish.
What is the RSI signal for FBIO stock?
FORTRESS BIOTECH INC (FBIO) has an RSI value of 41.2451. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FORTRESS BIOTECH INC?
The MACD indicator for FORTRESS BIOTECH INC (FBIO) has a value of 0.0297245, indicating a bearish trend.
What is the support and resistance level for FBIO stock?
FORTRESS BIOTECH INC (FBIO) has a support level at 2.32 and a resistance level at 2.33. Check the full technical report for our detailed analysis of FBIO support and resistance levels.