We assign a technical rating of 9 out of 10 to FHTX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FHTX is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- FHTX is currently trading in the upper part of its 52 week range, while the S&P500 Index is trading in the lower part of its yearly range. So FHTX is doing quite good in this market.
- When comparing the yearly performance of all stocks, we notice that FHTX is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- FHTX is part of the Biotechnology industry. There are 524 other stocks in this industry, FHTX did better than 69% of them.
- In the last month FHTX has a been trading in the 4.64 - 6.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, FHTX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 6.13. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.85, a Stop Loss order could be placed below this zone.
More info and screens
4.04
4 important support areas can be observed.
- A support zone ranging from 5.70 to 5.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.53 from a trend line in the daily time frame.
- Support @4.30 from a trend line in the weekly time frame.
- Support @4.08 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- 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 | UP | POSITIVE | The short term trend for FHTX is up. |
| ChartMill Relative Strength | 86.63 | POSITIVE | FHTX has a high relative strength, it outperformed 86.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FHTX is above the rising 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) | 54.12 | NEUTRAL | The RSI value for FHTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests FHTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.13 | NEUTRAL | The Stochastics value for FHTX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.72 | HIGH VOLATILITY | The high ATR as a percentage value for FHTX suggests high volalility. |
| Average Directional Index/ADX (14) | 25.63 | POSITIVE | The high ADX value value for FHTX 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 |
|---|---|---|---|
| 6.21 | 5.69 | 0.52 (8.37%) | 11.94% |
| An entry @6.21. This is a Buy Stop order right above the resistance zone. | An exit @5.69. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.52 points, which is 8.37%. | When investing 11.94% 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 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.
5.85
+0.14 (+2.45%)
FOGHORN THERAPEUTICS INC / FHTX FAQ
Can you provide the ChartMill technical rating for FOGHORN THERAPEUTICS INC?
ChartMill assigns a technical rating of 9 / 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 54.1182. 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 positive.
What are the support and resistance levels for FOGHORN THERAPEUTICS INC (FHTX) stock?
FOGHORN THERAPEUTICS INC (FHTX) has a support level at 5.85 and a resistance level at 6.13. Check the full technical report for our detailed analysis of FHTX support and resistance levels.