ABCELLERA BIOLOGICS INC (ABCL) Stock Technical Analysis
NASDAQ:ABCL - Nasdaq - CA00288U1066 - Common Stock - Currency: USD
Overall ABCL gets a technical rating of 0 out of 10. ABCL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, ABCL is a bad performer in the overall market: 91% of all stocks are doing better.
ABCL is one of the lesser performing stocks in the Life Sciences Tools & Services industry. 66% of 55 stocks in the same industry do better.
ABCL is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ABCL is lagging the market.
In the last month ABCL has a been trading in the 1.94 - 2.64 range, which is quite wide. It is currently trading near the lows of this range.
ABCL has an average volume of 4085620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
ABCL has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
1.96
2.62
5 important resistance areas can be observed.
- A resistance zone ranging from 2.10 to 2.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.22 from a trend line in the weekly time frame.
- A resistance zone ranging from 2.26 to 2.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.48 from a trend line in the weekly time frame.
- Resistance @2.59 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for ABCL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABCL is down. |
| ChartMill Relative Strength | 9.03 | NEGATIVE | ABCL has a low relative strength, it was outperformed by 90.97% 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) | DOWN | NEGATIVE | The current price of ABCL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.18 | NEUTRAL | The RSI value for ABCL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ABCL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.99 | OVERSOLD | The low Stochastics value suggests ABCL may be oversold. |
| Average True Range in percent/ATR (20) | 6.49 | HIGH VOLATILITY | The high ATR as a percentage value for ABCL suggests high volalility. |
| Average Directional Index/ADX (14) | 18.4 | NEGATIVE | The low ADX value for ABCL suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.98
+0.01 (+0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg0.51%
1 Week-1.98%
2 Weeks-3.88%
1 Month-23.55%
3 Month-23.4%
6 Month-34.22%
12 Month-49.49%
2 Year-71.59%
3 Year-74.02%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%6.49%
ATR Inc-43.06%
Range Today0.09
ADR(20)0.13
ADR(20)%6.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.03
Mansfield-2.99
10 Day High2.21
10 Day Low1.94
20 Day High2.64
20 Day Low1.94
52 Week High4.07
52 Week Low1.89
CS1 EndN/A
CR1 Start2.1
Volume & EV
DER(3)-7.58%
DER(5)-2.76%
Volume2.12M
Volume Incr-44.83%
Vol(5)2.51M
Vol(50)4.09M