FORMA THERAPEUTICS HOLDINGS (FMTX) Stock Technical Analysis
NASDAQ:FMTX - US34633R1041 - Common Stock
20.01 USD
+0.03 (+0.15%)
20.01 USD
0 (0%)
Taking everything into account, FMTX scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, FMTX has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
FMTX is part of the Biotechnology industry. There are 547 other stocks in this industry. FMTX outperforms 98% of them.
FMTX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
FMTX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
FMTX has an average volume of 1690090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that FMTX is one of the better performing stocks in the market, outperforming 99% of all stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month FMTX has a been trading in a tight range between 19.88 and 20.02.
Besides having an excellent technical rating, FMTX 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 20.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.97, a Stop Loss order could be placed below this zone.
More info and screens
7.72
20.44
We found 2 important support areas.
- A support zone ranging from 19.91 to 19.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.80 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 20.02 to 20.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 FMTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FMTX is up. |
| ChartMill Relative Strength | 99.11 | POSITIVE | FMTX has a high relative strength, it outperformed 99.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FMTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FMTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FMTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 86.85 | OVERBOUGHT | The high RSI value suggests FMTX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests FMTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 78.17 | NEUTRAL | The Stochastics value for FMTX is a neutral value. |
| Average True Range in percent/ATR (20) | 0.22 | LOW VOLATILITY | The low ATR as a percentage value for FMTX suggests low volalility. |
| Average Directional Index/ADX (14) | 77.76 | POSITIVE | The high ADX value value for FMTX suggests a strong 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)
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 |
|---|---|---|---|
| 20.02 | 19.93 | 0.09 (0.45%) | 25.00% |
| An entry @20.02. This is a Buy Stop order right above the 10 day high. | An exit @19.93. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.09 points, which is 0.45%. | For a 0.11% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
20.01
+0.03 (+0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.15%
1 Week0.3%
2 Weeks0.3%
1 Month0.2%
3 Month126.87%
6 Month142.55%
12 Month10.61%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%0.22%
ATR Inc-53.42%
Range Today0.03
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.11
Mansfield9.13
10 Day High20.01
10 Day Low19.94
20 Day High20.02
20 Day Low19.88
52 Week High20.68
52 Week Low4.95
CS1 End19.97
CR1 Start20.02
Volume & EV
DER(3)1.1%
DER(5)0.27%
Volume739.10K
Volume Incr-54.43%
Vol(5)532.44K
Vol(50)1.69M