FORTE BIOSCIENCES INC (FBRX) Stock Technical Analysis
NASDAQ:FBRX • US34962G2084
Taking everything into account, FBRX scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FBRX is showing a nice and steady performance.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that FBRX is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, FBRX also shows a nice and consistent pattern of rising prices.
- FBRX is one of the better performing stocks in the Biotechnology industry, it outperforms 92% of 521 stocks in the same industry.
- FBRX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FBRX is lagging the market slightly.
- In the last month FBRX has a been trading in the 26.50 - 35.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FBRX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
27.31
When analyzing the support we notice one important area.
- A support zone ranging from 27.59 to 27.59. 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 | UP | POSITIVE | The long term trend for FBRX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FBRX is neutral. |
| ChartMill Relative Strength | 98.17 | POSITIVE | FBRX has a high relative strength, it outperformed 98.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FBRX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FBRX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FBRX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.79 | NEUTRAL | The RSI value for FBRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests FBRX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.89 | NEUTRAL | The Stochastics value for FBRX is a neutral value. |
| Average True Range in percent/ATR (20) | 9.84 | HIGH VOLATILITY | The high ATR as a percentage value for FBRX suggests high volalility. |
| Average Directional Index/ADX (14) | 13.43 | NEGATIVE | The low ADX value for FBRX suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 32.98 | 27.58 | 5.40 (16.37%) | 6.11% |
| An entry @32.98. This is a Buy Stop order right above the 10 day high. | An exit @27.58. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.40 points, which is 16.37%. | For a 1.00% total portfolio risk, you can invest 6.11% of your capital in this trade. |
- 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.
30.22
+0.96 (+3.28%)
FORTE BIOSCIENCES INC / FBRX FAQ
Can you provide the ChartMill technical rating for FORTE BIOSCIENCES INC?
ChartMill assigns a technical rating of 10 / 10 to FBRX.
What is the trend direction for FBRX stock?
The current trend direction for FORTE BIOSCIENCES INC (FBRX) is Bullish.
What is the RSI signal for FBRX stock?
FORTE BIOSCIENCES INC (FBRX) has an RSI value of 52.7914. This indicates that the stock is currently neutral.
What is the short term momentum for FBRX stock?
The short term momentum for FORTE BIOSCIENCES INC (FBRX) is neutral.
What are the support and resistance levels for FORTE BIOSCIENCES INC (FBRX) stock?
FORTE BIOSCIENCES INC (FBRX) has a support level at 27.59. Check the full technical report for our detailed analysis of FBRX support and resistance levels.