FORTRESS BIOTECH INC (FBIO) Stock Technical Analysis
USA - NASDAQ:FBIO - US34960Q3074 - Common Stock
2.7 USD
-0.04 (-1.46%)
2.74 USD
+0.04 (+1.48%)
Taking everything into account, FBIO scores 6 out of 10 in our technical rating. In the last year, FBIO was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month FBIO has a been trading in the 2.26 - 4.20 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that FBIO is one of the better performing stocks in the market, outperforming 91% of all stocks.
FBIO is one of the better performing stocks in the Biotechnology industry, it outperforms 77% of 536 stocks in the same industry.
FBIO has an average volume of 1201610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
FBIO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FBIO is lagging the market.
Considerably lower volume is observed in the last couple of days.
FBIO has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.42
2.87
5 important support areas can be observed.
- Support @2.69 from a horizontal line in the weekly time frame.
- Support @2.55 from a horizontal line in the daily time frame.
- Support @2.09 from a trend line in the daily time frame.
- Support @2.05 from a trend line in the weekly time frame.
- Support @1.43 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.80 to 2.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The long term trend for FBIO is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FBIO is down. |
| ChartMill Relative Strength | 91.04 | POSITIVE | FBIO has a high relative strength, it outperformed 91.04% off all stocks 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) | UP | MIXED | The current price of FBIO is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FBIO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.13 | NEUTRAL | The RSI value for FBIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests FBIO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.45 | NEUTRAL | The Stochastics value for FBIO is a neutral value. |
| Average True Range in percent/ATR (20) | 12.23 | HIGH VOLATILITY | The high ATR as a percentage value for FBIO suggests high volalility. |
| Average Directional Index/ADX (14) | 21.8 | NEUTRAL | The ADX value for FBIO suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.7
-0.04 (-1.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.46%
1 Week-0.37%
2 Weeks-1.82%
1 Month-26.43%
3 Month38.46%
6 Month76.47%
12 Month47.54%
2 Year50.84%
3 Year-78.32%
5 Year-91.82%
10 Year-93.66%
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%12.23%
ATR Inc-56.55%
Range Today0.09
ADR(20)0.27
ADR(20)%10.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.04
Mansfield2.12
10 Day High3.24
10 Day Low2.59
20 Day High4.2
20 Day Low2.26
52 Week High4.2
52 Week Low1.33
CS1 End2.69
CR1 Start2.8
Volume & EV
DER(3)-6.36%
DER(5)-4.62%
Volume355.20K
Volume Incr-69.19%
Vol(5)476.36K
Vol(50)1.20M