FORTE BIOSCIENCES INC (FBRX) Stock Technical Analysis
NASDAQ:FBRX - Nasdaq - US34962G2084 - Common Stock - Currency: USD
Taking everything into account, FBRX scores 7 out of 10 in our technical rating. In the past year, FBRX was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
FBRX is currently trading in the lower part 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.
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 559 other stocks in this industry. FBRX outperforms 84% of them.
Looking at the yearly performance, FBRX did better than 88% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month FBRX has a been trading in the 6.20 - 13.84 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although FBRX has an excellent technical rating, it 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
7.28
11.66
When analyzing the support we can see 2 important areas.
- Support @8.12 from a trend line in the daily time frame.
- A support zone ranging from 7.35 to 7.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @11.54 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 | 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 | 88.51 | POSITIVE | FBRX has a high relative strength, it outperformed 88.51% 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) | 67.05 | NEUTRAL | The RSI value for FBRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests FBRX has a positive trend. |
| Stochastics (14,3) | 51.88 | NEUTRAL | The Stochastics value for FBRX is a neutral value. |
| Average True Range in percent/ATR (20) | 11.22 | HIGH VOLATILITY | The high ATR as a percentage value for FBRX suggests high volalility. |
| Average Directional Index/ADX (14) | 34.15 | 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)
11.32
+0.97 (+9.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg9.37%
1 Week33.18%
2 Weeks50.53%
1 Month81.7%
3 Month74.15%
6 Month-59.57%
12 Month-22.35%
2 Year-56.46%
3 Year-65.17%
5 Year-96.89%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.49
ATR(20)%11.22%
ATR Inc-24.7%
Range Today0.97
ADR(20)1.22
ADR(20)%10.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.51
Mansfield-0.13
10 Day High13.84
10 Day Low7.78
20 Day High13.84
20 Day Low6.2
52 Week High28.68
52 Week Low4.11
CS1 End8.12
CR1 Start11.54
Volume & EV
DER(3)13.97%
DER(5)7.37%
Volume19.00K
Volume Incr-65.21%
Vol(5)24.90K
Vol(50)43.29K