FibroGen Stock Forecast

FGEN Signals & Forecast

Mostly positive signals in the chart today. The FibroGen stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.506 and $0.525. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, November 10, 2023, and so far it has risen 65.32%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Get your hands on a piece of history – invest in multi-million dollar paintings from $10k with Masterworks.

Support, Risk & Stop-loss for FibroGen stock

FibroGen finds support from accumulated volume at $0.620 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0900 between high and low, or 16.36%. For the last week, the stock has had daily average volatility of 17.19%.

Our recommended stop-loss: $0.606 (-3.54%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (FGEN) For The Upcoming Trading Day Of Monday 4th

For the upcoming trading day on Monday, 4th we expect FibroGen to open at $0.606, and during the day (based on 14 day Average True Range), to move between $0.548 and $0.709, which gives a possible trading interval of +/-$0.0804 (+/-12.80%) up or down from last closing price. If FibroGen takes out the full calculated possible swing range there will be an estimated 25.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.620 (1.32%) than the resistance at $0.719 (14.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is FibroGen stock A Buy?

FibroGen holds several positive signals and despite the stock being in a falling trend, we considered it to be a good choice at these current levels. We expect FibroGen stock will perform very well in the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.403 Open Broker Account

Remember To Visit Our YouTube Channel