FORTRESS BIOTECH INC (FBIO) Stock Technical Analysis
NASDAQ:FBIO - Nasdaq - US34960Q3074 - Common Stock - Currency: USD
Overall FBIO gets a technical rating of 5 out of 10. In the past year, FBIO was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
FBIO is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FBIO is lagging the market.
FBIO is one of the better performing stocks in the Biotechnology industry, it outperforms 81% of 562 stocks in the same industry.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
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 65% of all stocks.
In the last month FBIO has a been trading in the 1.60 - 1.86 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FBIO has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. 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
1.38
2.45
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1.64 to 1.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.47 from a trend line in the weekly time frame.
- Support @1.43 from a horizontal line in the daily time frame.
- Support @1.39 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @1.78 from a trend line in the daily time frame.
- A resistance zone ranging from 1.84 to 1.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.87 from a horizontal line in the daily time frame.
- Resistance @2.07 from a trend line in the weekly time frame.
- Resistance @2.43 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for FBIO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FBIO is neutral. |
| ChartMill Relative Strength | 65.72 | NEUTRAL | FBIO is not amongst the best or worst performers 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) | 56.55 | NEUTRAL | The RSI value for FBIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests FBIO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.89 | NEUTRAL | The Stochastics value for FBIO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.15 | HIGH VOLATILITY | The high ATR as a percentage value for FBIO suggests high volalility. |
| Average Directional Index/ADX (14) | 11.87 | NEGATIVE | The low ADX value for FBIO suggests a weak or negative 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)
1.78
+0.05 (+2.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.89%
1 Week-1.66%
2 Weeks5.33%
1 Month8.54%
3 Month9.88%
6 Month10.56%
12 Month-4.81%
2 Year-77.94%
3 Year-86.22%
5 Year-95.91%
10 Year-95.96%
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%6.15%
ATR Inc-32.5%
Range Today0.09
ADR(20)0.11
ADR(20)%6.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.72
Mansfield-0.29
10 Day High1.84
10 Day Low1.6
20 Day High1.86
20 Day Low1.6
52 Week High2.89
52 Week Low1.33
CS1 End1.65
CR1 Start1.78
Volume & EV
DER(3)5.88%
DER(5)0.01%
Volume146.00K
Volume Incr19.11%
Vol(5)186.10K
Vol(50)203.04K