FENNEC PHARMACEUTICALS INC (FENC) Stock Technical Analysis
USA - NASDAQ:FENC - CA31447P1009 - Common Stock
Taking everything into account, FENC scores 4 out of 10 in our technical rating. Although FENC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
FENC has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
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6.41
3 important support areas can be observed.
- A support zone ranging from 7.97 to 7.97. 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 @6.47 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 8.29 to 8.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.00 to 9.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.81 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 | NEUTRAL | NEUTRAL | The long term trend for FENC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FENC is down. |
| ChartMill Relative Strength | 91.5 | POSITIVE | FENC has a high relative strength, it outperformed 91.5% 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) | UP | POSITIVE | The current price of FENC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.96 | NEUTRAL | The RSI value for FENC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests FENC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.55 | OVERSOLD | The low Stochastics value suggests FENC may be oversold. |
| Average True Range in percent/ATR (20) | 5.2 | HIGH VOLATILITY | The high ATR as a percentage value for FENC suggests high volalility. |
| Average Directional Index/ADX (14) | 24.78 | NEUTRAL | The ADX value for FENC suggests a possible start of a new trend. |
7.98
-0.02 (-0.25%)
FENNEC PHARMACEUTICALS INC / FENC FAQ
What is the ChartMill technical rating of FENNEC PHARMACEUTICALS INC (FENC) stock?
ChartMill assigns a technical rating of 4 / 10 to FENC.
What is the trend direction for FENC stock?
The current trend direction for FENNEC PHARMACEUTICALS INC (FENC) is Bearish.
What is the RSI signal for FENNEC PHARMACEUTICALS INC (FENC) stock?
FENNEC PHARMACEUTICALS INC (FENC) has an RSI value of 37.9623. This indicates that the stock is currently neutral.
Can you provide the short term momentum for FENNEC PHARMACEUTICALS INC?
The short term momentum for FENNEC PHARMACEUTICALS INC (FENC) is negative.
What are the support and resistance levels for FENNEC PHARMACEUTICALS INC (FENC) stock?
FENNEC PHARMACEUTICALS INC (FENC) has a support level at 7.97 and a resistance level at 8.29. Check the full technical report for our detailed analysis of FENC support and resistance levels.