ABCELLERA BIOLOGICS INC (ABCL) Stock Technical Analysis
USA - NASDAQ:ABCL - CA00288U1066 - Common Stock
We assign a technical rating of 2 out of 10 to ABCL. Although ABCL is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of ABCL is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
3.86
We found 1 important support area.
- A support zone ranging from 3.90 to 3.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @5.84 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for ABCL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABCL is down. |
| ChartMill Relative Strength | 83.13 | POSITIVE | ABCL has a high relative strength, it outperformed 83.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABCL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ABCL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ABCL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 28.52 | OVERSOLD | The low RSI value suggests ABCL may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests ABCL has a negative trend. |
| Stochastics (14,3) | 10.05 | OVERSOLD | The low Stochastics value suggests ABCL may be oversold. |
| Average True Range in percent/ATR (20) | 10.03 | HIGH VOLATILITY | The high ATR as a percentage value for ABCL suggests high volalility. |
| Average Directional Index/ADX (14) | 23.12 | NEUTRAL | The ADX value for ABCL suggests a possible start of a new trend. |
3.91
-0.62 (-13.69%)
ABCELLERA BIOLOGICS INC / ABCL FAQ
What is the ChartMill technical rating of ABCELLERA BIOLOGICS INC (ABCL) stock?
ChartMill assigns a technical rating of 2 / 10 to ABCL.
What is the current trend direction of ABCELLERA BIOLOGICS INC (ABCL) stock?
The current trend direction for ABCELLERA BIOLOGICS INC (ABCL) is Bearish.
Can you provide the RSI signal for ABCELLERA BIOLOGICS INC?
ABCELLERA BIOLOGICS INC (ABCL) has an RSI value of 28.5213. This indicates that the stock is currently oversold.
What is the short term momentum for ABCL stock?
The short term momentum for ABCELLERA BIOLOGICS INC (ABCL) is negative.
What are the support and resistance levels for ABCELLERA BIOLOGICS INC (ABCL) stock?
ABCELLERA BIOLOGICS INC (ABCL) has a support level at 3.9 and a resistance level at 5.84. Check the full technical report for our detailed analysis of ABCL support and resistance levels.