FENNEC PHARMACEUTICALS INC (FENC) Stock Technical Analysis
NASDAQ:FENC - Nasdaq - CA31447P1009 - Common Stock - Currency: USD
Taking everything into account, FENC scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, FENC has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
FENC is part of the Biotechnology industry. There are 558 other stocks in this industry. FENC outperforms 85% of them.
FENC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
FENC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Looking at the yearly performance, FENC did better than 92% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Although FENC has an excellent technical rating, the quality of the presented setup is not ideal at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
5.63
9.14
2 important support areas can be observed.
- A support zone ranging from 7.67 to 7.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.69 to 5.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 8.79 to 8.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.05 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 FENC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FENC is up. |
| ChartMill Relative Strength | 92.15 | POSITIVE | FENC has a high relative strength, it outperformed 92.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FENC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FENC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FENC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.6 | NEUTRAL | The RSI value for FENC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests FENC has a negative trend. |
| Stochastics (14,3) | 62.88 | NEUTRAL | The Stochastics value for FENC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.6 | MEDIUM VOLATILITY | The ATR as a percentage value for FENC suggests some volalility. |
| Average Directional Index/ADX (14) | 39.26 | POSITIVE | The high ADX value value for FENC 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)
8.75
-0.17 (-1.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.91%
1 Week-3.21%
2 Weeks2.46%
1 Month13.34%
3 Month72.24%
6 Month57.94%
12 Month36.93%
2 Year-1.8%
3 Year30.99%
5 Year3.61%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%4.6%
ATR Inc-26.66%
Range Today0.27
ADR(20)0.4
ADR(20)%4.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.15
Mansfield3.1
10 Day High9.3
10 Day Low8.38
20 Day High9.3
20 Day Low7.53
52 Week High9.3
52 Week Low3.96
CS1 End7.92
CR1 Start8.79
Volume & EV
DER(3)-0.94%
DER(5)-0.82%
Volume29.70K
Volume Incr-30.38%
Vol(5)54.66K
Vol(50)88.37K