FUSION PHARMACEUTICALS INC (FUSN) Technical Analysis
NASDAQ:FUSN • CA36118A1003
Current stock price
FUSN Technical Rating and Analysis
Overall FUSN gets a technical rating of 10 out of 10. Both in the recent history as in the last year, FUSN 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!
- When comparing the yearly performance of all stocks, we notice that FUSN is one of the better performing stocks in the market, outperforming 99% of all stocks. We also observe that the gains produced by FUSN over the past year are nicely spread over this period.
- FUSN is one of the better performing stocks in the Biotechnology industry, it outperforms 98% of 519 stocks in the same industry.
- FUSN is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so FUSN is leading the market.
- FUSN has an average volume of 1089430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month FUSN has a been trading in a tight range between 21.35 and 21.60.
- Volume is considerably higher in the last couple of days.
FUSN Weekly and Daily overview Charts
FUSN Setup Rating and Analysis
Besides having an excellent technical rating, FUSN also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 21.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.49, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FUSN in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
FUSN Support and Resistance Analysis
10.85
When analyzing the support we can see 4 important areas.
- A support zone ranging from 21.24 to 21.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.34 from a trend line in the weekly time frame.
- Support @13.10 from a trend line in the daily time frame.
- Support @10.96 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 21.56 to 21.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
FUSN Technical Indicator Signal Analysis
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 FUSN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FUSN is up. |
| ChartMill Relative Strength | 99.5 | POSITIVE | FUSN has a high relative strength, it outperformed 99.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FUSN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FUSN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FUSN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.06 | NEUTRAL | The RSI value for FUSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests FUSN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.02 | NEUTRAL | The Stochastics value for FUSN is a neutral value. |
| Average True Range in percent/ATR (20) | 0.4 | LOW VOLATILITY | The low ATR as a percentage value for FUSN suggests low volalility. |
| Average Directional Index/ADX (14) | 57.2 | POSITIVE | The high ADX value value for FUSN suggests a strong trend. |
FUSN Chart- and CandleStick Pattern Analysis
FUSN Example Setup
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 |
|---|---|---|---|
| 21.57 | 21.37 | 0.20 (0.93%) | 25.00% |
| An entry @21.57. This is a Buy Stop order right above the resistance zone. | An exit @21.37. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.20 points, which is 0.93%. | For a 0.23% 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.
FUSN Technicals: Chart, Performance Metrics, Trend & Indicators
21.55
+0.03 (+0.14%)
FUSION PHARMACEUTICALS INC / FUSN TA FAQ
What is the ChartMill technical rating of FUSION PHARMACEUTICALS INC (FUSN) stock?
ChartMill assigns a technical rating of 10 / 10 to FUSN.
Can you provide the trend direction for FUSION PHARMACEUTICALS INC?
The current trend direction for FUSION PHARMACEUTICALS INC (FUSN) is Bullish.
What is the RSI signal for FUSION PHARMACEUTICALS INC (FUSN) stock?
FUSION PHARMACEUTICALS INC (FUSN) has an RSI value of 69.0564. This indicates that the stock is currently neutral.
What is the short term momentum for FUSN stock?
The short term momentum for FUSION PHARMACEUTICALS INC (FUSN) is positive.
What is the buy/sell signal for FUSN stock?
The buy/sell signal for FUSION PHARMACEUTICALS INC (FUSN) is buy as both the short term and long term trends are positive.