Overall FBIO gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FBIO is showing a nice and steady performance.
Although FBIO has an excellent technical rating, it does not present a decent entry opportunity 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
2.29
We found 2 important support areas.
- Support @2.39 from a trend line in the daily time frame.
- Support @2.31 from a trend line in the weekly time frame.
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 | UP | POSITIVE | The short term trend for FBIO is up. |
| ChartMill Relative Strength | 96.14 | POSITIVE | FBIO has a high relative strength, it outperformed 96.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FBIO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FBIO is above 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) | 74.39 | OVERBOUGHT | The high RSI value suggests FBIO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests FBIO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.27 | OVERBOUGHT | The high Stochastics value suggests FBIO may be overbought. |
| Average True Range in percent/ATR (20) | 5.77 | HIGH VOLATILITY | The high ATR as a percentage value for FBIO suggests high volalility. |
| Average Directional Index/ADX (14) | 47.81 | POSITIVE | The high ADX value value for FBIO suggests a strong trend. |
4.3
-0.08 (-1.83%)
FORTRESS BIOTECH INC / FBIO FAQ
What is the technical rating for FBIO stock?
ChartMill assigns a technical rating of 10 / 10 to FBIO.
Can you provide the trend direction for FORTRESS BIOTECH INC?
The current trend direction for FORTRESS BIOTECH INC (FBIO) is Bullish.
Can you provide the RSI signal for FORTRESS BIOTECH INC?
FORTRESS BIOTECH INC (FBIO) has an RSI value of 74.3882. This indicates that the stock is currently overbought.
What is the MACD signal for FBIO stock?
The MACD indicator for FORTRESS BIOTECH INC (FBIO) has a value of 0.055492, indicating a bearish trend.
What is the short term momentum for FBIO stock?
The short term momentum for FORTRESS BIOTECH INC (FBIO) is positive.