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(FBIOP) Fortress Biotech complete technical analysis [charts+indicators] | Buy/Sell Fortress Biotech | (FBIOP) share price targets

Complete technical analysis of Fortress Biotech (FBIOP) by charts plus indicators, forecast predictions and share price targets for Fortress Biotech (FBIOP)

Fortress Biotech trades in USA in Health Care sector.

10 day averaged volume of Fortress Biotech is 9191

Date Daily Closing Price Open High Low Volume
23 Thu May 2024 14.92 16.03 16.18 14.41 2.796 times
22 Wed May 2024 16.14 16.33 16.33 15.85 0.403 times
21 Tue May 2024 16.30 16.40 16.93 16.07 0.479 times
20 Mon May 2024 16.42 16.98 16.98 16.20 0.758 times
17 Fri May 2024 16.67 16.38 17.00 16.17 1.088 times

Stock of Fortress Biotech (FBIOP) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 15.1, but if it comes above 15.1, then a intra day buy could be more profitable.
If you take a sell trade below 15.1, then use 15.1 as stoploss and 14.3 as target. However if you take a buy trade in stock , then use 15.1 as stoploss and 15.85 as target.

Share price targets for Fortress Biotech (FBIOP)

Target Type Value
Downside Target 11.80
Downside Target 12.56
Downside Target 12.83
Downside Target 13.68
Downside Target 14.16
Upside Target 15.14
Upside Target 15.60
Upside Target 16.98
Upside Target 17.00
Upside Target 17.39
Upside Target 18.00

Intraday share price targets for Fortress Biotech (FBIOP)

Target Type Value
Downside Intraday Target 13.89
Downside Intraday Target 12.87
Upside Intraday Target 16.46
Upside Intraday Target 18.01
Upside Intraday Target 15.44

Weekly technical analysis of Fortress Biotech (FBIOP)

Date Weekly Closing Price Open High Low Volume
23 Thu May 2024 14.92 16.98 16.98 14.41 0.915 times
17 Fri May 2024 16.67 16.00 17.00 15.81 1.086 times
10 Fri May 2024 15.98 16.00 17.00 15.81 0.988 times
03 Fri May 2024 15.94 14.18 15.94 14.16 0.507 times
26 Fri Apr 2024 13.82 15.60 15.60 12.56 0.879 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Fortress Biotech (FBIOP)

Date Monthly Closing Price Open High Low Volume
23 Thu May 2024 14.92 14.77 17.00 14.41 0.471 times
30 Tue Apr 2024 14.77 16.60 18.00 12.56 1.596 times
28 Thu Mar 2024 16.60 15.49 17.39 15.14 0.781 times
29 Thu Feb 2024 15.34 13.34 15.95 12.83 0.84 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Fortress Biotech (FBIOP)

Indicator Name Indicator Value Indicator Signal
ADX 17, 33, 32 Sell
MACD 0, 0Sell
Stochastics 30Sell
CCI -248Sell
RSI 41Sell
OBV 52161Sell
VWAP 16Sell
ADL 0Sell
ROC -9Sell
Force Index 0Sell

Price action analysis of Fortress Biotech ( (FBIOP) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Fortress Biotech ( (FBIOP) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Fortress Biotech ( (FBIOP) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Fortress Biotech ( (FBIOP) ) based on a mid to longer term time period is

ADX buy sell signal for Fortress Biotech stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Fortress Biotech in short term but the sell signal is initial and weak.

Fortress Biotech Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Fortress Biotech in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Fortress Biotech is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 15.94 and Fortress Biotech (FBIOP) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Fortress Biotech (FBIOP) stock. Volume based technical analysis of Fortress Biotech (FBIOP) stock is negative.

Fortress Biotech Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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