FENNEC PHARMACEUTICALS INC (FENC) Technical Analysis
NASDAQ:FENC • CA31447P1009
Current stock price
FENC Technical Rating and Analysis
Taking everything into account, FENC scores 0 out of 10 in our technical rating. FENC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, FENC is a bad performer in the overall market: 82% of all stocks are doing better.
- FENC is one of the lesser performing stocks in the Biotechnology industry. 61% of 519 stocks in the same industry do better.
- FENC 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 FENC is lagging the market.
- In the last month FENC has a been trading in the 5.90 - 8.70 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
FENC Weekly and Daily overview Charts
FENC Setup Rating and Analysis
The technical rating of FENC is bad and it also does not present a 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
FENC Support and Resistance Analysis
5.85
3 important resistance areas can be observed.
- Resistance @8.46 from a trend line in the weekly time frame.
- Resistance @8.77 from a trend line in the daily time frame.
- Resistance @8.99 from a horizontal line in the daily time frame.
FENC Technical Indicator Signal Analysis
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 FENC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FENC is down. |
| ChartMill Relative Strength | 18.87 | NEGATIVE | FENC has a low relative strength, it was outperformed by 81.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FENC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FENC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FENC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 30.53 | NEUTRAL | The RSI value for FENC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests FENC has a negative trend. |
| Stochastics (14,3) | 12.16 | OVERSOLD | The low Stochastics value suggests FENC may be oversold. |
| Average True Range in percent/ATR (20) | 9.47 | HIGH VOLATILITY | The high ATR as a percentage value for FENC suggests high volalility. |
| Average Directional Index/ADX (14) | 21.76 | NEUTRAL | The ADX value for FENC suggests a possible start of a new trend. |
FENC Chart- and CandleStick Pattern Analysis
FENC Technicals: Chart, Performance Metrics, Trend & Indicators
5.91
-0.6 (-9.22%)
FENNEC PHARMACEUTICALS INC / FENC TA FAQ
What is the technical rating for FENC stock?
ChartMill assigns a technical rating of 0 / 10 to FENC.
Can you provide the trend direction for FENNEC PHARMACEUTICALS INC?
The current trend direction for FENNEC PHARMACEUTICALS INC (FENC) is Bearish.
What is the RSI signal for FENC stock?
FENNEC PHARMACEUTICALS INC (FENC) has an RSI value of 30.5276. This indicates that the stock is currently neutral.
What is the MACD signal for FENNEC PHARMACEUTICALS INC (FENC) stock?
The MACD indicator for FENNEC PHARMACEUTICALS INC (FENC) has a value of -0.189197, indicating a bearish trend.
Can you provide the short term momentum for FENNEC PHARMACEUTICALS INC?
The short term momentum for FENNEC PHARMACEUTICALS INC (FENC) is negative.