Stock Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Biofrontera Inc. (NASDAQ:BFRI)
Long-Term Downtrend (-90) - BFRI is in a strong downtrend that is likely to continue. While BFRI 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 BFRI?
MarketClub looks at technical strength and momentum to determine if the timing is right for BFRI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BFRI
The long-term trend has been DOWN since Feb 24th, 2022 at 2.2501
The intermediate-term trend has been DOWN since Oct 10th, 2023 at 7.8280
The short-term trend has been DOWN since Dec 7th, 2023 at 3.4800
Smart Scan Analysis for BFRI
Based on our trend formula, BFRI is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||22.394||52wk High Date||2023-01-09|
|52wk Low||2.73||52wk Low Date||2023-10-25|
|Average Volume||12,131||Shares Outstanding||1,518|