FORTE BIOSCIENCES INC (FBRX) Stock Technical Analysis
NASDAQ:FBRX - Nasdaq - US34962G2084 - Common Stock - Currency: USD
Overall FBRX gets a technical rating of 0 out of 10. FBRX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, FBRX is a bad performer in the overall market: 99% of all stocks are doing better.
FBRX is part of the Biotechnology industry. There are 572 other stocks in this industry, of which 85% are performing better than FBRX.
FBRX is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month FBRX has a been trading in the 6.46 - 14.04 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Considerably lower volume is observed in the last couple of days.
The technical rating of FBRX is bad and it also does not present a quality setup 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.
More info and screens
6.44
16.23
When analyzing the resistance we notice one important area.
- Resistance @16.07 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.63
Mansfield-5.28
10 Day High11.38
10 Day Low6.46
20 Day High14.04
20 Day Low6.46
52 Week High28.68
52 Week Low4.11
Performance
1 Week-28.57%
2 Weeks-40.8%
1 Month-50%
3 Month-76.79%
6 Month-14.59%
12 Month-65.66%
2 Year-74.26%
3 Year-82.19%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.15
RSI(14)23.38
LBB5.84
UBB12
6.5
-0.51 (-7.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-7.28%
1 Week-28.57%
2 Weeks-40.8%
1 Month-50%
3 Month-76.79%
6 Month-14.59%
12 Month-65.66%
2 Year-74.26%
3 Year-82.19%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.15
ATR(20)%18.93%
ATR Inc-48.41%
Range Today0.64
ADR(20)1.23
ADR(20)%18.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.63
Mansfield-5.28
10 Day High11.38
10 Day Low6.46
20 Day High14.04
20 Day Low6.46
52 Week High28.68
52 Week Low4.11
CS1 EndN/A
CR1 Start16.07
Volume & EV
DER(3)-3.62%
DER(5)-3.78%
Volume23.50K
Volume Incr-32.96%
Vol(5)16.34K
Vol(50)39.34K