Stock Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Forma Therapeutics Holdings, Inc. (NASDAQ:FMTX)
Long-Term Downtrend (-90) - FMTX is in a strong downtrend that is likely to continue. While FMTX 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 FMTX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FMTX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FMTX
The long-term trend has been DOWN since Dec 21st, 2020 at 36.53
The intermediate-term trend has been DOWN since Sep 24th, 2021 at 21.85
The short-term trend has been DOWN since Oct 18th, 2021 at 17.50
Smart Scan Analysis for FMTX
Based on our trend formula, FMTX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||56.33||52wk High Date||2020-12-09|
|52wk Low||17.5||52wk Low Date||2021-10-13|
|Average Volume||330,149||Shares Outstanding||47,389|