FIBROBIOLOGICS INC (FBLG) Technical Analysis
NASDAQ:FBLG • US31573L1052
We assign a technical rating of 5 out of 10 to FBLG. In the past year, FBLG was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, FBLG is a bad performer in the overall market: 90% of all stocks are doing better.
- FBLG is part of the Biotechnology industry. There are 519 other stocks in this industry, of which 72% are performing better than FBLG.
- FBLG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- FBLG has an average volume of 1807990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month FBLG has a been trading in the 0.24 - 0.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
FBLG 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
0.22
When analyzing the support we notice one important area.
- Support @0.22 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.44 to 0.44. This zone is formed by a combination of multiple trend lines 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 FBLG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FBLG is up. |
| ChartMill Relative Strength | 10.63 | NEGATIVE | FBLG has a low relative strength, it was outperformed by 89.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FBLG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FBLG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FBLG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.82 | NEUTRAL | The RSI value for FBLG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests FBLG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.02 | NEUTRAL | The Stochastics value for FBLG is a neutral value. |
| Average True Range in percent/ATR (20) | 11 | HIGH VOLATILITY | The high ATR as a percentage value for FBLG suggests high volalility. |
| Average Directional Index/ADX (14) | 41.43 | POSITIVE | The high ADX value value for FBLG suggests a strong trend. |
FBLG Technicals: Chart, Performance Metrics, Trend & Indicators
0.3961
0 (-1.02%)
FIBROBIOLOGICS INC / FBLG FAQ
Can you provide the ChartMill technical rating for FIBROBIOLOGICS INC?
ChartMill assigns a technical rating of 5 / 10 to FBLG.
What is the current trend direction of FIBROBIOLOGICS INC (FBLG) stock?
The current trend direction for FIBROBIOLOGICS INC (FBLG) is Bearish.
What is the RSI signal for FBLG stock?
FIBROBIOLOGICS INC (FBLG) has an RSI value of 61.8201. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FIBROBIOLOGICS INC?
The MACD indicator for FIBROBIOLOGICS INC (FBLG) has a value of 0.0145298, indicating a bearish trend.
What are the support and resistance levels for FIBROBIOLOGICS INC (FBLG) stock?
FIBROBIOLOGICS INC (FBLG) has a support level at 0.22 and a resistance level at 0.44. Check the full technical report for our detailed analysis of FBLG support and resistance levels.