FORTRESS BIOTECH INC (FBIO) Stock Technical Analysis
USA - NASDAQ:FBIO - US34960Q3074 - Common Stock
Taking everything into account, FBIO scores 5 out of 10 in our technical rating. FBIO was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
FBIO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
1.42
When analyzing the support we can see 6 important areas.
- Support @2.50 from a horizontal line in the weekly time frame.
- Support @2.43 from a horizontal line in the daily time frame.
- Support @2.19 from a trend line in the daily time frame.
- Support @2.14 from a trend line in the weekly time frame.
- Support @1.50 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 2.69 to 2.70. 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 | NEUTRAL | NEUTRAL | The long term trend for FBIO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FBIO is down. |
| ChartMill Relative Strength | 93.37 | POSITIVE | FBIO has a high relative strength, it outperformed 93.37% off all stocks 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) | DOWN | NEGATIVE | The current price of FBIO is below a declining 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) | 47.89 | 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) | 57.21 | NEUTRAL | The Stochastics value for FBIO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.48 | HIGH VOLATILITY | The high ATR as a percentage value for FBIO suggests high volalility. |
| Average Directional Index/ADX (14) | 12.15 | NEGATIVE | The low ADX value for FBIO suggests a weak or negative trend. |
2.62
+0.13 (+5.22%)
FORTRESS BIOTECH INC / FBIO FAQ
What is the technical rating for FBIO stock?
ChartMill assigns a technical rating of 5 / 10 to FBIO.
What is the trend direction for FBIO stock?
The current trend direction for FORTRESS BIOTECH INC (FBIO) is Bearish.
Can you provide the RSI signal for FORTRESS BIOTECH INC?
FORTRESS BIOTECH INC (FBIO) has an RSI value of 47.8886. This indicates that the stock is currently neutral.
What are the support and resistance levels for FORTRESS BIOTECH INC (FBIO) stock?
FORTRESS BIOTECH INC (FBIO) has a support level at 2.5 and a resistance level at 2.69. Check the full technical report for our detailed analysis of FBIO support and resistance levels.