FENNEC PHARMACEUTICALS INC (FENC) Stock Technical Analysis
NASDAQ:FENC • CA31447P1009
We assign a technical rating of 8 out of 10 to FENC. Although FENC has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- When comparing the yearly performance of all stocks, we notice that FENC is one of the better performing stocks in the market, outperforming 77% of all stocks. We also observe that the gains produced by FENC over the past year are nicely spread over this period.
- FENC 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 FENC is lagging the market slightly.
- In the last month FENC has a been trading in the 7.37 - 9.19 range, which is quite wide. It is currently trading near the high of this range.
- FENC is an average performer in the Biotechnology industry, it outperforms 67% of 520 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
FENC 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.
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7.37
When analyzing the support we notice one important area.
- A support zone ranging from 7.44 to 7.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @9.57 from a trend line in the weekly time frame.
- A resistance zone ranging from 9.89 to 9.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 FENC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FENC is up. |
| ChartMill Relative Strength | 77.53 | POSITIVE | FENC has a high relative strength, it outperformed 77.53% 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) | 66.21 | NEUTRAL | The RSI value for FENC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests FENC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.18 | OVERBOUGHT | The high Stochastics value suggests FENC may be overbought. |
| Average True Range in percent/ATR (20) | 4.37 | MEDIUM VOLATILITY | The ATR as a percentage value for FENC suggests some volalility. |
| Average Directional Index/ADX (14) | 26.66 | POSITIVE | The high ADX value value for FENC suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 9.58 | 7.54 | 2.04 (21.29%) | 4.70% |
| An entry @9.58. This is a Buy Stop order right above the resistance zone. | An exit @7.54. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.04 points, which is 21.29%. | When investing 4.70% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
8.74
-0.04 (-0.46%)
FENNEC PHARMACEUTICALS INC / FENC FAQ
What is the technical rating for FENC stock?
ChartMill assigns a technical rating of 8 / 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 66.2085. 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 0.113806, 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 positive.