FIRST WAVE BIOPHARMA (FWBI) Stock Technical Analysis
NASDAQ:FWBI - Nasdaq - US33749P4081 - Common Stock - Currency: USD
Taking everything into account, FWBI scores 1 out of 10 in our technical rating. FWBI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
99% of all other stocks performed better in the past year than FWBI.
FWBI is part of the Biotechnology industry. There are 558 other stocks in this industry, of which 85% are performing better than FWBI.
FWBI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month FWBI has a been trading in the 2.33 - 3.40 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 bad, FWBI does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.96. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.60, a Stop Loss order could be placed below this zone.
More info and screens
2.56
3.03
We found 1 important support area.
- A support zone ranging from 2.59 to 2.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 2.96 to 3.00. 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 | DOWN | NEGATIVE | The long term trend for FWBI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FWBI is down. |
| ChartMill Relative Strength | 1.7 | NEGATIVE | FWBI has a low relative strength, it was outperformed by 98.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FWBI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FWBI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FWBI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.71 | NEUTRAL | The RSI value for FWBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests FWBI has a positive trend. |
| Stochastics (14,3) | 79.17 | NEUTRAL | The Stochastics value for FWBI is a neutral value. |
| Average True Range in percent/ATR (20) | 10.24 | HIGH VOLATILITY | The high ATR as a percentage value for FWBI suggests high volalility. |
| Average Directional Index/ADX (14) | 23.09 | NEUTRAL | The ADX value for FWBI suggests a possible start of a new 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)
NASDAQ:FWBI (5/16/2024, 8:00:00 PM)
2.96
+0.13 (+4.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg4.59%
1 Week4.96%
2 Weeks6.09%
1 Month4.23%
3 Month-43.4%
6 Month-44.28%
12 Month-93.21%
2 Year-99.8%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%10.24%
ATR Inc4.07%
Range Today0.22
ADR(20)0.3
ADR(20)%10.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.7
Mansfield-7.39
10 Day High3.07
10 Day Low2.33
20 Day High3.4
20 Day Low2.33
52 Week High60
52 Week Low2.33
CS1 End2.6
CR1 Start2.96
Volume & EV
DER(3)-0.87%
DER(5)-0.26%
Volume56.50K
Volume Incr-25.76%
Vol(5)37.08K
Vol(50)73.45K