FORTE BIOSCIENCES INC (FBRX)

US34962G1094 - Common Stock

0.7163  -0.02 (-3.07%)

Technical Rating and Analysis

5

Overall FBRX gets a technical rating of 5 out of 10. FBRX has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

When comparing the yearly performance of all stocks, FBRX is a bad performer in the overall market: 84% of all stocks are doing better.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
FBRX is an average performer in the Biotechnology industry, it outperforms 46% of 588 stocks in the same industry.
FBRX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FBRX is lagging the market slightly.
In the last month FBRX has a been trading in the 0.62 - 0.78 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.
Weekly and Daily overview Charts
FBRX Weekly chart
FBRX Daily chart
Setup Rating and Analysis

6

FBRX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.

Support and Resistance Analysis

0.58

0.85

4 important support areas can be observed.

  • Support @0.68 from a trend line in the weekly time frame.
  • Support @0.65 from a trend line in the weekly time frame.
  • A support zone ranging from 0.62 to 0.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @0.59 from a trend line in the daily time frame.

When analyzing the resistance we notice 4 important areas.

  • Resistance @0.75 from a trend line in the weekly time frame.
  • A resistance zone ranging from 0.77 to 0.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @0.79 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 0.83 to 0.84. This zone is formed by a combination of multiple trend lines in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.75
Mansfield-1.65
10 Day High0.78
10 Day Low0.7
20 Day High0.78
20 Day Low0.62
52 Week High1.15
52 Week Low0.38
Performance
1 Week-2.41%
2 Weeks-0.97%
1 Month2.89%
3 Month-4.15%
6 Month44.07%
12 Month-33.06%
2 Year-37.71%
3 Year-98.02%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)49.62
LBB0.7
UBB0.76
FBRX Daily chart

FORTE BIOSCIENCES INC

NASDAQ:FBRX (4/26/2024, 7:00:02 PM)

0.7163

-0.02 (-3.07%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.07%
1 Week-2.41%
2 Weeks-0.97%
1 Month2.89%
3 Month-4.15%
6 Month44.07%
12 Month-33.06%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.04
ATR(20)%6.99%
ATR Inc
Range Today0.03
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High0.78
10 Day Low0.7
20 Day High0.78
20 Day Low0.62
52 Week High1.15
52 Week Low0.38
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume5.70K
Volume Incr-68.02%
Vol(5)8.70K
Vol(50)30.53K