FENNEC PHARMACEUTICALS INC (FENC) Stock Technical Analysis
NASDAQ:FENC - CA31447P1009 - Common Stock
9 USD
-0.18 (-1.96%)
9 USD
0 (0%)
Overall FENC gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FENC is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that FENC is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, FENC also shows a nice and consistent pattern of rising prices.
FENC is part of the Biotechnology industry. There are 542 other stocks in this industry. FENC outperforms 81% 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.
In the last month FENC has a been trading in the 7.17 - 9.42 range, which is quite wide. It is currently trading near the high of this range.
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.
More info and screens
5.97
9.34
5 important support areas can be observed.
- A support zone ranging from 8.57 to 8.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.29 to 8.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.83 to 7.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.67 from a horizontal line in the daily time frame.
- Support @6.03 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @9.01 from a horizontal line in the weekly time frame.
- Resistance @9.25 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 | 88.33 | POSITIVE | FENC has a high relative strength, it outperformed 88.33% 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) | 57.23 | NEUTRAL | The RSI value for FENC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests FENC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.17 | OVERBOUGHT | The high Stochastics value suggests FENC may be overbought. |
| Average True Range in percent/ATR (20) | 5.18 | HIGH VOLATILITY | The high ATR as a percentage value for FENC suggests high volalility. |
| Average Directional Index/ADX (14) | 14.46 | NEGATIVE | The low ADX value for FENC suggests a weak or negative 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)
9
-0.18 (-1.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.96%
1 Week1.47%
2 Weeks10.16%
1 Month11.52%
3 Month6.76%
6 Month30.81%
12 Month70.13%
2 Year19.84%
3 Year11.11%
5 Year48.51%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%5.18%
ATR Inc-25.53%
Range Today0.34
ADR(20)0.46
ADR(20)%5.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.33
Mansfield2.64
10 Day High9.29
10 Day Low8.11
20 Day High9.42
20 Day Low7.17
52 Week High9.42
52 Week Low3.96
CS1 End8.72
CR1 Start9.01
Volume & EV
DER(3)6.01%
DER(5)2.98%
Volume54.90K
Volume Incr-21.71%
Vol(5)53.40K
Vol(50)64.06K