4D MOLECULAR THERAPEUTICS IN (FDMT) Stock Technical Analysis
NASDAQ:FDMT • US35104E1001
We assign a technical rating of 9 out of 10 to FDMT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FDMT is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, FDMT did better than 91% of all other stocks.
- FDMT is part of the Biotechnology industry. There are 520 other stocks in this industry. FDMT outperforms 77% of them.
- FDMT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FDMT is lagging the market slightly.
- In the last month FDMT has a been trading in the 8.38 - 10.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although FDMT has an excellent technical rating, the quality of the presented setup is not ideal 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
8.07
When analyzing the support we can see 4 important areas.
- A support zone ranging from 9.25 to 9.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 8.95 to 9.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.31 from a trend line in the weekly time frame.
- Support @8.15 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 9.98 to 10.08. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @10.47 from a trend line in the daily time frame.
- Resistance @10.71 from a trend 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 | UP | POSITIVE | The long term trend for FDMT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FDMT is up. |
| ChartMill Relative Strength | 91.04 | POSITIVE | FDMT has a high relative strength, it outperformed 91.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FDMT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of FDMT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FDMT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.59 | NEUTRAL | The RSI value for FDMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests FDMT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.8 | NEUTRAL | The Stochastics value for FDMT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.03 | HIGH VOLATILITY | The high ATR as a percentage value for FDMT suggests high volalility. |
| Average Directional Index/ADX (14) | 24.1 | NEUTRAL | The ADX value for FDMT suggests a possible start of a new trend. |
9.66
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4D MOLECULAR THERAPEUTICS IN / FDMT FAQ
What is the technical rating for FDMT stock?
ChartMill assigns a technical rating of 9 / 10 to FDMT.
What is the current trend direction of 4D MOLECULAR THERAPEUTICS IN (FDMT) stock?
The current trend direction for 4D MOLECULAR THERAPEUTICS IN (FDMT) is Bullish.
What is the RSI signal for 4D MOLECULAR THERAPEUTICS IN (FDMT) stock?
4D MOLECULAR THERAPEUTICS IN (FDMT) has an RSI value of 57.5881. This indicates that the stock is currently neutral.
What is the short term momentum for 4D MOLECULAR THERAPEUTICS IN (FDMT) stock?
The short term momentum for 4D MOLECULAR THERAPEUTICS IN (FDMT) is positive.
Can you provide the buy/sell signal for 4D MOLECULAR THERAPEUTICS IN?
The buy/sell signal for 4D MOLECULAR THERAPEUTICS IN (FDMT) is buy as both the short term and long term trends are positive.