Stock Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
Biofrontera Inc. (NASDAQ:BFRI)
Bear Market Rally (-75) - BFRI is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BFRI as it may be in the beginning of a reversal.
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 Jan 31st, 2023 at 0.8500
The short-term trend has been UP since Mar 27th, 2023 at 0.6399
Smart Scan Analysis for BFRI
Based on our trend formula, BFRI is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||6.12||52wk High Date||2022-04-13|
|52wk Low||0.55||52wk Low Date||2023-03-13|
|Average Volume||100,430||Shares Outstanding||26,699|