FIBROBIOLOGICS INC (FBLG) Stock Technical Analysis
NASDAQ:FBLG • US31573L1052
Taking everything into account, FBLG scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. FBLG was also a bad performer in the overall market in the last year.
- 74% of all other stocks performed better in the past year 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.
- In the last month FBLG has a been trading in the 0.22 - 0.43 range, which is quite wide. It is currently trading near the high of this range.
- FBLG has an average volume of 1826200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- FBLG is an average performer in the Biotechnology industry, it outperforms 45% of 520 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of FBLG is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
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.
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 | DOWN | NEGATIVE | The long term trend for FBLG is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FBLG is up. |
| ChartMill Relative Strength | 26.9 | NEGATIVE | FBLG has a low relative strength, it was outperformed by 73.1% 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) | 74.55 | OVERBOUGHT | The high RSI value suggests FBLG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests FBLG has a positive trend. |
| Stochastics (14,3) | 85.53 | OVERBOUGHT | The high Stochastics value suggests FBLG may be overbought. |
| Average True Range in percent/ATR (20) | 9.4 | HIGH VOLATILITY | The high ATR as a percentage value for FBLG suggests high volalility. |
| Average Directional Index/ADX (14) | 28.8 | POSITIVE | The high ADX value value for FBLG suggests a strong trend. |
0.4195
+0.09 (+27.66%)
FIBROBIOLOGICS INC / FBLG FAQ
Can you provide the ChartMill technical rating for FIBROBIOLOGICS INC?
ChartMill assigns a technical rating of 3 / 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 74.5548. This indicates that the stock is currently overbought.
Can you provide the MACD signal for FIBROBIOLOGICS INC?
The MACD indicator for FIBROBIOLOGICS INC (FBLG) has a value of 0.0153568, 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. Check the full technical report for our detailed analysis of FBLG support and resistance levels.