FOGHORN THERAPEUTICS INC (FHTX) Stock Technical Analysis
USA - NASDAQ:FHTX - US3441741077 - Common Stock
We assign a technical rating of 1 out of 10 to FHTX. FHTX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
FHTX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 4.43. Right above this resistance zone may be a good entry point.
More info and screens
3.50
4 important support areas can be observed.
- Support @4.07 from a trend line in the weekly time frame.
- A support zone ranging from 3.98 to 3.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.69 from a trend line in the weekly time frame.
- Support @3.54 from a trend line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 4.43 to 4.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 4.57 to 4.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.93 from a trend line in the weekly time frame.
- Resistance @6.13 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 | DOWN | NEGATIVE | The long term trend for FHTX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FHTX is neutral. |
| ChartMill Relative Strength | 9.69 | NEGATIVE | FHTX has a low relative strength, it was outperformed by 90.31% 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) | DOWN | NEGATIVE | The current price of FHTX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of FHTX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.43 | NEUTRAL | The RSI value for FHTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests FHTX has a positive trend. |
| Stochastics (14,3) | 69.72 | NEUTRAL | The Stochastics value for FHTX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.46 | HIGH VOLATILITY | The high ATR as a percentage value for FHTX suggests high volalility. |
| Average Directional Index/ADX (14) | 24.9 | NEUTRAL | The ADX value for FHTX suggests a possible start of a new trend. |
4.42
+0.06 (+1.38%)
FOGHORN THERAPEUTICS INC / FHTX FAQ
Can you provide the ChartMill technical rating for FOGHORN THERAPEUTICS INC?
ChartMill assigns a technical rating of 1 / 10 to FHTX.
What is the trend direction for FHTX stock?
The current trend direction for FOGHORN THERAPEUTICS INC (FHTX) is Bearish.
What is the RSI signal for FHTX stock?
FOGHORN THERAPEUTICS INC (FHTX) has an RSI value of 52.4313. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FOGHORN THERAPEUTICS INC?
The MACD indicator for FOGHORN THERAPEUTICS INC (FHTX) has a value of 0.0514077, indicating a bearish trend.
What is the support and resistance level for FHTX stock?
FOGHORN THERAPEUTICS INC (FHTX) has a support level at 4.07 and a resistance level at 4.43. Check the full technical report for our detailed analysis of FHTX support and resistance levels.