Technical Analysis for FBRX - Forte Biosciences, Inc.

Grade Last Price % Change Price Change
C 16.50 12.86% 1.88
FBRX closed up 12.86 percent on Wednesday, January 15, 2025, on 10 percent of normal volume. It ran into resistance at its 50 day moving average. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Flat Down

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
Wide Bands Range Expansion 0.00%
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
50 DMA Resistance Bearish 12.86%
MACD Bearish Centerline Cross Bearish 12.86%
Lower Bollinger Band Walk Weakness 12.86%
Wide Bands Range Expansion 12.86%
Below Lower BB Weakness 12.86%
Down 3 Days in a Row Weakness 12.86%

   Recent Intraday Alerts

Alert Time
Up 1 ATR about 10 hours ago
60 Minute Opening Range Breakout about 10 hours ago
Rose Above Previous Day's High about 10 hours ago
Rose Above 50 DMA about 10 hours ago
50 DMA Resistance about 11 hours ago

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Profile

Forte Biosciences, Inc. is a clinical stage, dermatology company developing a live biotherapeutic, FB-401, for the treatment of inflammatory skin diseases. FB-401 has completed Phase 1/2a testing in adult and pediatric (3 years of age and older) patients with atopic dermatitis. There is a significant unmet need for safe and effective therapies particularly for pediatric atopic dermatitis patients.
Classification

Sector: Healthcare
Industry: Biotechnology
Keywords: Medicine Immunology Monoclonal Antibodies Dermatology Atopic Dermatitis Dermatitis Skin Diseases Type I Hypersensitivity Atopy Sodium Hypochlorite Washes

Is FBRX a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Comments

Indicators

Indicator Value
52 Week High 28.68
52 Week Low 4.11
Average Volume 690,897
200-Day Moving Average 13.07
50-Day Moving Average 16.58
20-Day Moving Average 19.99
10-Day Moving Average 20.02
Average True Range 2.92
RSI (14) 43.18
ADX 31.82
+DI 19.38
-DI 23.86
Chandelier Exit (Long, 3 ATRs) 17.22
Chandelier Exit (Short, 3 ATRs) 22.57
Upper Bollinger Bands 25.34
Lower Bollinger Band 14.64
Percent B (%b) 0.17
BandWidth 53.56
MACD Line -0.25
MACD Signal Line 0.86
MACD Histogram -1.1146
Fundamentals Value
Market Cap 599.53 Million
Num Shares 36.3 Million
EPS -1.20
Price-to-Earnings (P/E) Ratio -13.75
Price-to-Sales 0.00
Price-to-Book 0.57
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 20.69
Resistance 3 (R3) 20.66 19.23 19.99
Resistance 2 (R2) 19.23 18.17 19.25 19.76
Resistance 1 (R1) 17.87 17.51 18.55 17.90 19.53
Pivot Point 16.44 16.44 16.78 16.45 16.44
Support 1 (S1) 15.07 15.37 15.76 15.10 13.47
Support 2 (S2) 13.64 14.71 13.66 13.24
Support 3 (S3) 12.28 13.64 13.01
Support 4 (S4) 12.31