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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
First Wave BioPharma, Inc. (NASDAQ:FWBI)
Long-Term Downtrend (-90) - FWBI is in a strong downtrend that is likely to continue. While FWBI is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid FWBI?
MarketClub looks at technical strength and momentum to determine if the timing is right for FWBI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for FWBI
The long-term trend has been DOWN since Sep 24th, 2021 at 3.4200
The intermediate-term trend has been DOWN since Mar 14th, 2024 at 4.9616
The short-term trend has been DOWN since May 3rd, 2024 at 2.6200
Smart Scan Analysis for FWBI
Based on our trend formula, FWBI is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.6400 | 2.8300 | 2.6754 | 2.7653 | +0.1253 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.7800 | 43065 | 2024-05-08 15:54:06 |
| 52wk High | 62.4 | 52wk High Date | 2023-05-10 |
| 52wk Low | 2.3335 | 52wk Low Date | 2024-05-06 |
| Average Volume | 49,879 | Shares Outstanding | 675 |
| Assets | 6,883,195M | Liabilities | 3,280,266M |
| P/E Ratio | 0.0036 |