FORTE BIOSCIENCES INC (FBRX) Stock Technical Analysis
NASDAQ:FBRX - Nasdaq - US34962G2084 - Common Stock - Currency: USD
Overall FBRX gets a technical rating of 1 out of 10. FBRX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, FBRX is a bad performer in the overall market: 96% of all stocks are doing better.
FBRX is one of the lesser performing stocks in the Biotechnology industry. 73% of 563 stocks in the same industry do better.
FBRX is currently trading near the lower end of its 52 week range, which is not a good sign. FBRX is lagging the S&P500 Index which is trading in the middle of its 52 week range.
In the last month FBRX has a been trading in the 4.90 - 7.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, FBRX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 6.86. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.44, a Stop Loss order could be placed below this zone.
More info and screens
5.36
7.41
We found 1 important support area.
- A support zone ranging from 5.41 to 5.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 6.86 to 6.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.10 from a trend line in the daily time frame.
- Resistance @7.34 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.62
Mansfield-4.37
10 Day High7.7
10 Day Low4.9
20 Day High7.7
20 Day Low4.9
52 Week High28.68
52 Week Low4.11
Performance
1 Week-13.93%
2 Weeks-7.74%
1 Month18.35%
3 Month-46.94%
6 Month23.32%
12 Month-66.07%
2 Year-75.22%
3 Year-80.85%
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)0.06
RSI(14)44.28
LBB6.18
UBB7.68
NASDAQ:FBRX (5/6/2025, 8:05:46 PM)
6.32
-0.34 (-5.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-5.11%
1 Week-13.93%
2 Weeks-7.74%
1 Month18.35%
3 Month-46.94%
6 Month23.32%
12 Month-66.07%
2 Year-75.22%
3 Year-80.85%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.92
ATR(20)%13.7%
ATR Inc-61.06%
Range Today0.34
ADR(20)0.83
ADR(20)%13.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.62
Mansfield-4.37
10 Day High7.7
10 Day Low4.9
20 Day High7.7
20 Day Low4.9
52 Week High28.68
52 Week Low4.11
CS1 End5.44
CR1 Start6.86
Volume & EV
DER(3)-8.44%
DER(5)-5.4%
Volume2.70K
Volume Incr41.6%
Vol(5)34.14K
Vol(50)36.58K