ABCELLERA BIOLOGICS INC (ABCL) Technical Analysis
NASDAQ:ABCL • CA00288U1066
Current stock price
ABCL Technical Rating and Analysis
We assign a technical rating of 3 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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, we notice that ABCL is one of the better performing stocks in the market, outperforming 85% of all stocks.
- ABCL is one of the better performing stocks in the Life Sciences Tools & Services industry, it outperforms 90% of 56 stocks in the same industry.
- ABCL has an average volume of 3625740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ABCL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ABCL is lagging the market slightly.
- In the last month ABCL has a been trading in the 3.23 - 3.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ABCL Weekly and Daily overview Charts
ABCL Setup Rating and Analysis
ABCL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
ABCL Support and Resistance Analysis
3.00
We found 4 important support areas.
- Support @3.33 from a trend line in the daily time frame.
- Support @3.26 from a horizontal line in the daily time frame.
- Support @3.20 from a trend line in the weekly time frame.
- Support @3.03 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @3.60 from a trend line in the daily time frame.
- Resistance @3.83 from a horizontal line in the daily time frame.
ABCL Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for ABCL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ABCL is neutral. |
| ChartMill Relative Strength | 85.08 | POSITIVE | ABCL has a high relative strength, it outperformed 85.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ABCL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ABCL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ABCL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.36 | NEUTRAL | The RSI value for ABCL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ABCL has a positive trend. |
| Stochastics (14,3) | 63.27 | NEUTRAL | The Stochastics value for ABCL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.91 | MEDIUM VOLATILITY | The ATR as a percentage value for ABCL suggests some volalility. |
| Average Directional Index/ADX (14) | 13.43 | NEGATIVE | The low ADX value for ABCL suggests a weak or negative trend. |
ABCL Chart- and CandleStick Pattern Analysis
ABCL Technicals: Chart, Performance Metrics, Trend & Indicators
3.52
+0.01 (+0.28%)
ABCELLERA BIOLOGICS INC / ABCL TA FAQ
What is the ChartMill technical rating of ABCELLERA BIOLOGICS INC (ABCL) stock?
ChartMill assigns a technical rating of 3 / 10 to ABCL.
What is the trend direction for ABCL stock?
The current trend direction for ABCELLERA BIOLOGICS INC (ABCL) is Bearish.
What is the RSI signal for ABCL stock?
ABCELLERA BIOLOGICS INC (ABCL) has an RSI value of 53.3576. This indicates that the stock is currently neutral.
What is the MACD signal for ABCL stock?
The MACD indicator for ABCELLERA BIOLOGICS INC (ABCL) has a value of 0.00829261, indicating a bearish trend.
What is the support and resistance level for ABCL stock?
ABCELLERA BIOLOGICS INC (ABCL) has a support level at 3.33 and a resistance level at 3.6. Check the full technical report for our detailed analysis of ABCL support and resistance levels.