FORTE BIOSCIENCES INC (FBRX) Stock Technical Analysis
NASDAQ:FBRX - Nasdaq - US34962G2084 - Common Stock - Currency: USD
Overall FBRX gets a technical rating of 4 out of 10. FBRX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
FBRX 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 FBRX has a been trading in the 9.12 - 19.63 range, which is quite wide. It is currently trading near the lows of this range.
FBRX is one of the better performing stocks in the Biotechnology industry, it outperforms 71% of 556 stocks in the same industry.
When comparing the performance of all stocks over the past year, FBRX turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
Considerably lower volume is observed in the last couple of days.
FBRX 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
5.85
14.90
We found 4 important support areas.
- Support @10.10 from a horizontal line in the weekly time frame.
- Support @9.73 from a trend line in the daily time frame.
- Support @9.44 from a horizontal line in the daily time frame.
- A support zone ranging from 5.91 to 5.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 6 important resistance areas.
- A resistance zone ranging from 10.12 to 10.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 10.45 to 10.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.28 from a trend line in the weekly time frame.
- Resistance @12.64 from a trend line in the daily time frame.
- Resistance @14.39 from a trend line in the daily time frame.
- Resistance @14.75 from a horizontal line in the weekly 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 FBRX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FBRX is down. |
| ChartMill Relative Strength | 67.93 | NEUTRAL | FBRX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FBRX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of FBRX is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of FBRX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.37 | NEUTRAL | The RSI value for FBRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests FBRX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.94 | OVERSOLD | The low Stochastics value suggests FBRX may be oversold. |
| Average True Range in percent/ATR (20) | 17.16 | HIGH VOLATILITY | The high ATR as a percentage value for FBRX suggests high volalility. |
| Average Directional Index/ADX (14) | 32.88 | POSITIVE | The high ADX value value for FBRX suggests a strong trend. |
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)
10.11
-0.07 (-0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.69%
1 Week2.8%
2 Weeks-20.08%
1 Month-31.04%
3 Month50.74%
6 Month-33.22%
12 Month-27.41%
2 Year-59.96%
3 Year-67.39%
5 Year-97.85%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.12
ATR(20)%17.16%
ATR Inc-48.17%
Range Today0.58
ADR(20)1.58
ADR(20)%15.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.93
Mansfield-1.25
10 Day High13.2
10 Day Low9.12
20 Day High19.63
20 Day Low9.12
52 Week High28.68
52 Week Low4.11
CS1 End10.1
CR1 Start10.12
Volume & EV
DER(3)-0.22%
DER(5)0.29%
Volume34.70K
Volume Incr-78.38%
Vol(5)41.20K
Vol(50)109.24K