Latest signal: November 08, 2024

FTRE Stock Analysis

Name: FTRE Trading Alert Analysis
Creator: FILTRIX

Data source: Trade-Ideas Alerts | 4 alerts analyzed | Backtest period: 2023-08-14 → 2024-11-08

⚠️ Small sample size (4 alerts). Statistics may have high variance. Interpret with caution.

🏢 Company Profile

Fortrea Holdings Inc. Common Stock SERVICES-MEDICAL LABORATORIES (SIC 8071)

📍 NASDAQ 📅 IPO: Jun 16, 2023 🔗 www.fortrea.com

💰 Market Cap: $1.56B 👥 Employees: 14,500

Fortrea is a global, late-stage contract research organization that provides comprehensive phase 1 through phase 4 clinical trial management, clinical pharmacology, and patient access solutions. The company works with emerging and large biopharma, medical device, and diagnostic companies to run their clinical trials as a functional-service provider, full-service provider, and offers hybrid trials. In 2023, Fortrea was formed as an independent, publicly traded company after Labcorp spun off its clinical development business, which it acquired via its purchase of Covance in 2015 for $6.1 billion. Fortrea has 19,000 staff members across 90 countries.

📊

Total Alerts

🎯

75.0%

Win Rate (60MIN)

💰

+1.53%

Avg Gain (60MIN)

🚀

+4.40%

Avg MFE (Max Potential)

📈 Performance by Timeframe

5MIN

Win Rate: 50.0%

Avg Gain: -1.05%

Avg Winner: +1.57%

Avg Loser: -3.66%

Best: +2.50%

Worst: -6.67%

Trades: 2/2

15MIN

Win Rate: 25.0%

Avg Gain: +0.18%

Avg Winner: +4.70%

Avg Loser: -1.33%

Best: +4.70%

Worst: -1.70%

Trades: 1/3

30MIN

Win Rate: 25.0%

Avg Gain: -0.14%

Avg Winner: +3.58%

Avg Loser: -1.38%

Best: +3.58%

Worst: -2.26%

Trades: 1/3

60MIN

Win Rate: 75.0%

Avg Gain: +1.53%

Avg Winner: +2.10%

Avg Loser: -0.19%

Best: +3.83%

Worst: -0.19%

Trades: 3/1

EOD (End of Day)

Win Rate: 75.0%

Avg Gain: +0.39%

Avg Winner: +1.32%

Avg Loser: -2.40%

Best: +1.51%

Worst: -2.40%

Trades: 3/1

🚀 Max Favorable / Adverse Excursion (MFE/MAE)

Institutional-grade metrics showing the maximum profit potential and risk for each alert.

📈 MFE (Max Profit Potential)

Average MFE: +4.40%

Best MFE: +8.49%

Avg Time to MFE: 110 min

On average, FTRE alerts reach +4.40% profit potential within 110 minutes.

📉 MAE (Max Drawdown Risk)

Average MAE: -1.62%

Worst MAE: -3.09%

Avg Time to MAE: 6 min

Before reaching MFE, expect an average drawdown of 1.62%.

⚖️ Risk/Reward Ratio

2.72:1

Excellent risk/reward - potential gain is 2.72x the typical drawdown.

💡 Trading Insight: Based on 4 alerts, FTRE typically reaches +4.40% profit before pulling back. Consider setting profit targets around 3.5% to capture most of the move.

🌅 Premarket Gap Analysis (9:25 → 9:30)

Total Gaps Analyzed 4

Gap Up % 50.0%

Avg Gap -0.34%

Best Gap +0.60%

🏭 Sector Comparison: SERVICES-MEDICAL LABORATORIES

How FTRE compares to 18 other tickers in the same sector.

5-Min Gain

FTRE: -1.05% Sector: -0.18% -0.87%

EOD Gain

FTRE: +0.39% Sector: +911658.96% -911658.56%

Avg MFE

FTRE: +4.40% Sector: +11.20% -6.81%

📋 Last 20 Alerts

Historical FTRE alerts with performance metrics calculated from 1-minute price data. Each row shows the actual price movement at different timeframes after the alert.

Date	Time	Price	5min	15min	30min	60min	EOD	MFE	MAE	Gap	Result
2024-11-08	09:29:59	$23.21	+2.50%	+4.70%	+3.58%	+3.83%	+1.25%	+8.49%	-2.71%	+0.60%	WIN
2024-05-13	09:27:21	$28.8	-6.67%	-1.70%	-1.70%	-0.19%	-2.40%	+2.43%	+0.59%	+0.17%	LOSS
2024-02-05	09:26:16	$30.54	-0.65%	-0.64%	-0.16%	+0.36%	+1.21%	+2.18%	-1.24%	-1.24%	LOSS
2023-08-14	09:26:00	$26.5	+0.64%	-1.64%	-2.26%	+2.11%	+1.51%	+4.49%	-3.09%	-0.91%	WIN

Table Metrics Explained:

5min/15min/30min/60min/EOD: Price change at each timeframe (calculated from real minute-by-minute data)
MFE: Maximum Favorable Excursion - highest profit potential reached during the day
MAE: Maximum Adverse Excursion - worst drawdown experienced before reaching MFE
Gap: Premarket price gap from 9:25 AM to 9:30 AM market open
Result: WIN if 5min change > 0%, LOSS otherwise

🚀 Beat the 75.0% Baseline on FTRE

The 75.0% win rate is just the raw starting point. Launch the app to apply filters (Volume, RSI, Time) and see if you can push FTRE's performance to 75%+.

Optimize FTRE Strategy →

Why Analyze FTRE with FILTRIX?

🛡️ Realistic Entry Simulation

We don't inflate stats. Our analysis tracks only the first alert of the day for FTRE. This simulates a true "Gap & Go" entry at pre-market hours (9:25-9:30 AM), avoiding the trap of chasing a stock that has already extended.

💰 Max Potential (MFE) Analysis

How much is left in the move? On winning days, FTRE historically offers an average upside of +4.40% intraday. Our data helps you distinguish between a quick scalp and a runner.

📊 FTRE Momentum Personality

With a baseline win rate of 75.0%, FTRE shows strong follow-through, making it a prime candidate for momentum strategies.

⏱️ Optimized Exit Timing

Don't guess when to sell. Our backtests show FTRE performs best on the 60MIN timeframe (Avg Gain: +1.53%), signaling that gains often fade later in the session.