RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FGEN
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FibroGen stock upgraded to Hold/Accumulate.
(Updated on Jul 19, 2024)

Hold candidate since Jul 19, 2024 PDF

The FibroGen stock price gained 0.96% on the last trading day (Friday, 19th Jul 2024), rising from $1.04 to $1.05. During the last trading day the stock fluctuated 9.50% from a day low at $1.00 to a day high of $1.10. The price has risen in 8 of the last 10 days and is up by 45.51% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 339 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $1.08 million.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $1.13 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -17.37% during the next 3 months and, with a 90% probability hold a price between $0.536 and $0.93 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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FGEN Signals & Forecast

The FibroGen stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $1.05. On a fall, the stock will find some support from the long-term average at approximately $1.04. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). FibroGen has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, July 16, 2024, and so far it has fallen -7.89%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for FibroGen stock

FibroGen finds support from accumulated volume at $1.04 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 $0.0950 between high and low, or 9.50%. For the last week, the stock has had daily average volatility of 9.81%.

Our recommended stop-loss: $1.00 (-5.22%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (FGEN) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect FibroGen to open at $1.05, and during the day (based on 14 day Average True Range), to move between $0.95 and $1.15, which gives a possible trading interval of +/-$0.105 (+/-9.99%) up or down from last closing price. If FibroGen takes out the full calculated possible swing range there will be an estimated 19.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.04 (0.95%) than the resistance at $1.13 (7.62%), 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, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.129 Hold/Accumulate Upgraded

Predicted Opening Price for FibroGen of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$1.05 ( 0.159%) $1.05

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for FGEN

Fibonacci Support & Resistance Levels

Level Price
R3 1.14 8.89%
R2 1.11 5.43%
R1 1.08 3.30%
Price 1.05
S1 1.01 -3.61%
S2 0.99 -5.75%
S3 0.95 -9.21%

Accumulated Volume Support & Resistance Levels

Level Price
R3 1.18 12.38%
R2 1.16 10.48%
R1 1.13 7.62%
Price 1.05
S1 1.04 -0.95%
S2 0.89 -15.02%
S3 0.81 -22.93%

FAQ

What is the symbol for FibroGen Stock and on which exchange is it traded?
The symbol for FibroGen is FGEN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell FibroGen Stock?
FibroGen holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy FibroGen Stock?
FibroGen Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy FibroGen Stock.

What's the current price of FibroGen Stock?
As of the end of day on the Jul 19, 2024, the price of an FibroGen (FGEN) share was $1.05.

What is the 52-week high and low for FibroGen Stock?
The 52-week high for FibroGen Stock is $2.93 and the 52-week low is $0.335.

What is the market capitalization of FibroGen Stock?
As of the Jul 19, 2024, the market capitalization of FibroGen is 104.449M.

When is the next earnings date for FibroGen?
The upcoming earnings date for FibroGen is Aug 05, 2024.
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About FibroGen

FibroGen FibroGen, Inc., a biopharmaceutical company, discovers, develops, and commercializes therapeutics to treat serious unmet medical needs. The company is developing Roxadustat, an oral small molecule inhibitor of hypoxia inducible factor prolyl hydroxylases, which has completed Phase III clinical development for the treatment of anemia in chronic kidney disease in the United States, Europe, China, and Japan; and in Phase II/III development in China ... FGEN Profile

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