FORBION EUROPEAN ACQUISITI-A (FRBN) Stock Technical Analysis
NASDAQ:FRBN • KYG3619H1020
Taking everything into account, FRBN scores 8 out of 10 in our technical rating. In the last year, FRBN was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- FRBN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month FRBN has a been trading in the 9.25 - 47.17 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- When comparing the yearly performance of all stocks, we notice that FRBN 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.
Although FRBN has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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9.90
When analyzing the support we notice one important area.
- Support @10.00 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 | NEUTRAL | NEUTRAL | The long term trend for FRBN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FRBN is up. |
| ChartMill Relative Strength | 99.33 | POSITIVE | FRBN has a high relative strength, it outperformed 99.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FRBN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FRBN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FRBN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.93 | NEUTRAL | The RSI value for FRBN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.4 | POSITIVE | The MACD value suggests FRBN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 39.52 | NEUTRAL | The Stochastics value for FRBN is a neutral value. |
| Average True Range in percent/ATR (20) | 25.89 | HIGH VOLATILITY | The high ATR as a percentage value for FRBN suggests high volalility. |
| Average Directional Index/ADX (14) | 67.87 | POSITIVE | The high ADX value value for FRBN suggests a strong trend. |
21.695
-0.87 (-3.88%)
FORBION EUROPEAN ACQUISITI-A / FRBN FAQ
What is the ChartMill technical rating of FORBION EUROPEAN ACQUISITI-A (FRBN) stock?
ChartMill assigns a technical rating of 7 / 10 to FRBN.
Can you provide the trend direction for FORBION EUROPEAN ACQUISITI-A?
The current trend direction for FORBION EUROPEAN ACQUISITI-A (FRBN) is Bearish.
What is the RSI signal for FRBN stock?
FORBION EUROPEAN ACQUISITI-A (FRBN) has an RSI value of 62.9304. This indicates that the stock is currently neutral.
What is the MACD signal for FRBN stock?
The MACD indicator for FORBION EUROPEAN ACQUISITI-A (FRBN) has a value of 1.402, indicating a bullish trend.