FORTE BIOSCIENCES INC (FBRX) Stock Technical Analysis
NASDAQ:FBRX - Nasdaq - US34962G2084 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to FBRX. In the last year, FBRX was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
FBRX is part of the Biotechnology industry. There are 549 other stocks in this industry. FBRX outperforms 84% of them.
Looking at the yearly performance, FBRX did better than 92% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
FBRX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FBRX is lagging the market.
In the last month FBRX has a been trading in the 9.10 - 13.63 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, but the quality of the setup is only medium 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
6.07
14.25
We found 3 important support areas.
- A support zone ranging from 10.17 to 10.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.45 from a horizontal line in the daily time frame.
- Support @6.13 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 11.76 to 11.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.11 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for FBRX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FBRX is up. |
| ChartMill Relative Strength | 92.2 | POSITIVE | FBRX has a high relative strength, it outperformed 92.2% 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) | 58.62 | NEUTRAL | The RSI value for FBRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests FBRX has a positive trend. |
| Stochastics (14,3) | 69.69 | NEUTRAL | The Stochastics value for FBRX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.47 | HIGH VOLATILITY | The high ATR as a percentage value for FBRX suggests high volalility. |
| Average Directional Index/ADX (14) | 21.76 | NEUTRAL | The ADX value for FBRX suggests a possible start of a new 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)
11.75
-0.16 (-1.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.34%
1 Week9.2%
2 Weeks21.13%
1 Month12.66%
3 Month38.4%
6 Month7.01%
12 Month48.45%
2 Year-43.38%
3 Year-63.85%
5 Year-98.5%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.9
ATR(20)%7.47%
ATR Inc65.14%
Range Today0.78
ADR(20)0.85
ADR(20)%7.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.2
Mansfield0.03
10 Day High13.63
10 Day Low9.1
20 Day High13.63
20 Day Low9.1
52 Week High28.68
52 Week Low4.11
CS1 End10.43
CR1 Start11.76
Volume & EV
DER(3)7.18%
DER(5)2.68%
Volume52.10K
Volume Incr-11.1%
Vol(5)50.40K
Vol(50)106.03K