FENNEC PHARMACEUTICALS INC (FRX.CA) Stock Technical Analysis
TSX:FRX - Toronto Stock Exchange - CA31447P1009 - Common Stock - Currency: CAD
We assign a technical rating of 6 out of 10 to FRX. Although FRX is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
68% of all other stocks performed better in the past year than FRX.
Warning: FRX has an average volume of 2188 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
In the last month FRX has a been trading in the 7.80 - 9.80 range, which is quite wide. It is currently trading near the high of this range.
FRX is part of the Biotechnology industry. There are 25 other stocks in this industry, FRX did better than 62% of them.
FRX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FRX is lagging the market.
Considerably lower volume is observed in the last couple of days.
FRX has an average technical rating and the quality of the presented setup is also 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.
More info and screens
7.95
9.91
We found 3 important support areas.
- Support @9.27 from a trend line in the weekly time frame.
- A support zone ranging from 8.74 to 8.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.03 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.71 to 9.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.88
Mansfield-0.58
10 Day High9.8
10 Day Low8.87
20 Day High9.8
20 Day Low7.8
52 Week High15.2
52 Week Low5.65
Performance
1 Week0.42%
2 Weeks2.15%
1 Month10.59%
3 Month29.25%
6 Month22.34%
12 Month-29.32%
2 Year-22.58%
3 Year35.71%
5 Year7.47%
10 Year186.15%
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)-0.03
RSI(14)54.84
LBB8.94
UBB9.88
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 |
|---|---|---|---|
| 9.82 | 9.26 | 0.56 (5.70%) | 17.54% |
| An entry @9.82. This is a Buy Stop order right above the resistance zone. | An exit @9.26. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.56 points, which is 5.70%. | For a 1.00% total portfolio risk, you can invest 17.54% 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.
TSX:FRX (2/21/2025, 7:00:00 PM)
9.5
+0.63 (+7.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg7.1%
1 Week0.42%
2 Weeks2.15%
1 Month10.59%
3 Month29.25%
6 Month22.34%
12 Month-29.32%
2 Year-22.58%
3 Year35.71%
5 Year7.47%
10 Year186.15%
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%4.81%
ATR Inc18.85%
Range Today0
ADR(20)0.18
ADR(20)%1.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.88
Mansfield-0.58
10 Day High9.8
10 Day Low8.87
20 Day High9.8
20 Day Low7.8
52 Week High15.2
52 Week Low5.65
CS1 End9.27
CR1 Start9.71
Volume & EV
DER(3)0%
DER(5)17.79%
Volume100
Volume Incr-72.94%
Vol(5)565.8
Vol(50)2.19K