FOGHORN THERAPEUTICS INC (FHTX) Technical Analysis
NASDAQ:FHTX • US3441741077
Taking everything into account, FHTX scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, FHTX did better than 84% of all other stocks.
- FHTX is part of the Biotechnology industry. There are 520 other stocks in this industry, FHTX did better than 67% of them.
- FHTX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FHTX is lagging the market.
- In the last month FHTX has a been trading in the 5.11 - 5.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FHTX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 5.64, a Stop Loss order could be placed below this zone.
More info and screens
4.04
When analyzing the support we can see 4 important areas.
- A support zone ranging from 5.47 to 5.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.22 from a horizontal line in the daily time frame.
- Support @4.38 from a trend line in the weekly time frame.
- Support @4.08 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @5.84 from a horizontal line in the daily time frame.
- A resistance zone ranging from 6.13 to 6.20. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @6.50 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 FHTX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FHTX is neutral. |
| ChartMill Relative Strength | 84.68 | POSITIVE | FHTX has a high relative strength, it outperformed 84.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FHTX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FHTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FHTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.83 | NEUTRAL | The RSI value for FHTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests FHTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 63.26 | NEUTRAL | The Stochastics value for FHTX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.65 | HIGH VOLATILITY | The high ATR as a percentage value for FHTX suggests high volalility. |
| Average Directional Index/ADX (14) | 10.76 | NEGATIVE | The low ADX value for FHTX suggests a weak or negative 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 |
|---|---|---|---|
| 5.85 | 5.46 | 0.39 (6.67%) | 15.00% |
| An entry @5.85. This is a Buy Stop order right above the resistance zone. | An exit @5.46. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.39 points, which is 6.67%. | For a 1.00% total portfolio risk, you can invest 15.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of FHTX. 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.
FHTX Technicals: Chart, Performance Metrics, Trend & Indicators
5.67
+0.15 (+2.72%)
FOGHORN THERAPEUTICS INC / FHTX FAQ
Can you provide the ChartMill technical rating for FOGHORN THERAPEUTICS INC?
ChartMill assigns a technical rating of 8 / 10 to FHTX.
Can you provide the trend direction for FOGHORN THERAPEUTICS INC?
The current trend direction for FOGHORN THERAPEUTICS INC (FHTX) is Bullish.
What is the RSI signal for FHTX stock?
FOGHORN THERAPEUTICS INC (FHTX) has an RSI value of 50.8335. This indicates that the stock is currently neutral.
What is the short term momentum for FHTX stock?
The short term momentum for FOGHORN THERAPEUTICS INC (FHTX) is neutral.
What are the support and resistance levels for FOGHORN THERAPEUTICS INC (FHTX) stock?
FOGHORN THERAPEUTICS INC (FHTX) has a support level at 5.64 and a resistance level at 5.84. Check the full technical report for our detailed analysis of FHTX support and resistance levels.