FORTRESS BIOTECH INC (FBIO) Stock Technical Analysis
NASDAQ:FBIO - Nasdaq - US34960Q3074 - Common Stock - Currency: USD
Taking everything into account, FBIO scores 6 out of 10 in our technical rating. FBIO has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When compared to the yearly performance of all other stocks, FBIO outperforms 56% of them, which is more or less in line with the market.
FBIO is part of the Biotechnology industry. There are 558 other stocks in this industry, FBIO did better than 65% of them.
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.
In the last month FBIO has a been trading in the 1.70 - 2.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, FBIO does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
1.42
2.45
We found 7 important support areas.
- Support @1.96 from a trend line in the weekly time frame.
- A support zone ranging from 1.83 to 1.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.78 to 1.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.74 from a trend line in the daily time frame.
- Support @1.71 from a horizontal line in the daily time frame.
- Support @1.49 from a trend line in the weekly time frame.
- Support @1.43 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @1.97 from a trend line in the daily time frame.
- Resistance @2.01 from a horizontal line in the weekly time frame.
- Resistance @2.08 from a trend line in the daily 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 | UP | POSITIVE | The long term trend for FBIO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FBIO is neutral. |
| ChartMill Relative Strength | 56.93 | NEUTRAL | FBIO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FBIO is above a declining 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) | 56.91 | NEUTRAL | The RSI value for FBIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests FBIO has a positive trend. |
| Stochastics (14,3) | 70.22 | NEUTRAL | The Stochastics value for FBIO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.64 | HIGH VOLATILITY | The high ATR as a percentage value for FBIO suggests high volalility. |
| Average Directional Index/ADX (14) | 14.26 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.98 | 1.95 | 0.03 (1.52%) | 25.00% |
| An entry @1.98. This is a Buy Stop order right above the resistance zone. | An exit @1.95. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.03 points, which is 1.52%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.38%. |
- The distance between exit and entry is rather small compared to the average daily movement of FBIO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1.96
+0.07 (+3.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg3.7%
1 Week2.62%
2 Weeks7.69%
1 Month0%
3 Month28.1%
6 Month4.81%
12 Month-8.84%
2 Year-77.08%
3 Year-84.82%
5 Year-95.29%
10 Year-96.12%
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%5.64%
ATR Inc40.02%
Range Today0.11
ADR(20)0.11
ADR(20)%5.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.93
Mansfield0.07
10 Day High2.05
10 Day Low1.75
20 Day High2.05
20 Day Low1.7
52 Week High2.89
52 Week Low1.33
CS1 End1.96
CR1 Start1.97
Volume & EV
DER(3)-12.21%
DER(5)-13.42%
Volume124.40K
Volume Incr-5.16%
Vol(5)241.80K
Vol(50)212.10K