FIBROGEN INC (FGEN) Stock Technical Analysis
USA - NASDAQ:FGEN - US31572Q8814 - Common Stock
Taking everything into account, FGEN scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FGEN is showing a nice and steady performance.
FGEN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 12.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.30, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FGEN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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9.17
We found 2 important support areas.
- A support zone ranging from 11.13 to 11.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.26 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 12.11 to 12.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.44 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 FGEN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FGEN is up. |
| ChartMill Relative Strength | 91.41 | POSITIVE | FGEN has a high relative strength, it outperformed 91.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FGEN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FGEN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FGEN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.36 | NEUTRAL | The RSI value for FGEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests FGEN has a negative trend. |
| Stochastics (14,3) | 33.92 | NEUTRAL | The Stochastics value for FGEN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.89 | HIGH VOLATILITY | The high ATR as a percentage value for FGEN suggests high volalility. |
| Average Directional Index/ADX (14) | 38.65 | POSITIVE | The high ADX value value for FGEN 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 |
|---|---|---|---|
| 12.15 | 11.12 | 1.03 (8.48%) | 11.80% |
| An entry @12.15. This is a Buy Stop order right above the resistance zone. | An exit @11.12. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.03 points, which is 8.48%. | When investing 11.80% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of FGEN. Please evaluate whether better entry and exit points can be found.
- 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.
11.31
-0.07 (-0.62%)