FOGHORN THERAPEUTICS INC (FHTX) Stock Technical Analysis
NASDAQ:FHTX - Nasdaq - US3441741077 - Common Stock - Currency: USD
Taking everything into account, FHTX scores 5 out of 10 in our technical rating. In the past year, FHTX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
78% of all other stocks performed better in the past year than FHTX.
FHTX is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FHTX is lagging the market.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
FHTX is an average performer in the Biotechnology industry, it outperforms 63% of 559 stocks in the same industry.
In the last month FHTX has a been trading in the 3.88 - 4.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, FHTX does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
3.48
9.81
When analyzing the support we can see 3 important areas.
- Support @4.20 from a trend line in the daily time frame.
- A support zone ranging from 4.04 to 4.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.52 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 4.40 to 4.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.69 from a horizontal line in the daily time frame.
- Resistance @9.71 from a horizontal 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 FHTX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FHTX is up. |
| ChartMill Relative Strength | 22.24 | NEGATIVE | FHTX has a low relative strength, it was outperformed by 77.76% 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) | DOWN | NEGATIVE | The current price of FHTX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.68 | NEUTRAL | The RSI value for FHTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests FHTX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.98 | NEUTRAL | The Stochastics value for FHTX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.58 | HIGH VOLATILITY | The high ATR as a percentage value for FHTX suggests high volalility. |
| Average Directional Index/ADX (14) | 10.54 | NEGATIVE | The low ADX value for FHTX 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)
4.32
-0.22 (-4.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-4.85%
1 Week-3.14%
2 Weeks5.88%
1 Month0.23%
3 Month-2.48%
6 Month-18.49%
12 Month-17.71%
2 Year-38.64%
3 Year-68.24%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%7.58%
ATR Inc-2.45%
Range Today0.29
ADR(20)0.32
ADR(20)%7.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.24
Mansfield-2.91
10 Day High4.8
10 Day Low4.01
20 Day High4.8
20 Day Low3.88
52 Week High10.25
52 Week Low2.94
CS1 End4.2
CR1 Start4.4
Volume & EV
DER(3)-2.26%
DER(5)-4.71%
Volume67.50K
Volume Incr-38.41%
Vol(5)74.22K
Vol(50)123.23K