FORTE BIOSCIENCES INC (FBRX) Stock Technical Analysis
USA - NASDAQ:FBRX - US34962G2084 - Common Stock
We assign a technical rating of 7 out of 10 to FBRX. In the last year, FBRX was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, FBRX also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 14.33. Right above this resistance zone may be a good entry point.
More info and screens
6.53
We found 4 important support areas.
- A support zone ranging from 12.54 to 12.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.00 to 12.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 11.55 to 11.65. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @6.60 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 14.33 to 14.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.96 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 | 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 | 96.83 | POSITIVE | FBRX has a high relative strength, it outperformed 96.83% off all stocks 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 | POSITIVE | The current price of FBRX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of FBRX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.89 | NEUTRAL | The RSI value for FBRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests FBRX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.92 | NEUTRAL | The Stochastics value for FBRX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.81 | HIGH VOLATILITY | The high ATR as a percentage value for FBRX suggests high volalility. |
| Average Directional Index/ADX (14) | 22.62 | NEUTRAL | The ADX value for FBRX suggests a possible start of a new trend. |
12.94
-0.33 (-2.49%)
FORTE BIOSCIENCES INC / FBRX FAQ
Can you provide the ChartMill technical rating for FORTE BIOSCIENCES INC?
ChartMill assigns a technical rating of 7 / 10 to FBRX.
What is the current trend direction of FORTE BIOSCIENCES INC (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 48.8865. This indicates that the stock is currently neutral.
What is the support and resistance level for FBRX stock?
FORTE BIOSCIENCES INC (FBRX) has a support level at 12.82 and a resistance level at 14.33. Check the full technical report for our detailed analysis of FBRX support and resistance levels.