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Stock Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

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.

NASDAQ_BFRI
Open High Low BFRI Price Change
1.1500 1.1500 1.0490 1.0900 +0.0401
Entry Signal

MarketClub’s Trade Triangles for BFRI

long term down The long-term trend has been DOWN since Feb 24th, 2022 at 2.2501

intermediate term down The intermediate-term trend has been DOWN since Apr 22nd, 2024 at 1.5000

short term down The short-term trend has been DOWN since May 7th, 2024 at 1.7000

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).

-90
Smart Scan Analysis for BFRI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1500 1.1500 1.0490 1.0900 +0.0401
Prev. Close Volume Bid Ask Time
1.0499 6181 2024-05-29 15:36:59
52wk High13.4252wk High Date2023-06-20
52wk Low0.6152wk Low Date2024-02-08
Average Volume83,818Shares Outstanding5,089
Assets24,575,000MLiabilities26,421,000M
P/E Ratio-15.76670000
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