ABCELLERA BIOLOGICS INC (ABCL) Stock Technical Analysis
NASDAQ:ABCL - Nasdaq - CA00288U1066 - Common Stock - Currency: USD
Overall ABCL gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ABCL is showing a nice and steady performance.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
ABCL is part of the Life Sciences Tools & Services industry. There are 54 other stocks in this industry. ABCL outperforms 92% of them.
ABCL has an average volume of 6901240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ABCL is one of the better performing stocks in the market, outperforming 95% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
ABCL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ABCL is lagging the market.
In the last month ABCL has a been trading in the 3.87 - 5.82 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although ABCL has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.91
4.29
When analyzing the support we can see 2 important areas.
- Support @4.11 from a horizontal line in the daily time frame.
- Support @1.93 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 | UP | POSITIVE | The long term trend for ABCL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ABCL is neutral. |
| ChartMill Relative Strength | 95.62 | POSITIVE | ABCL has a high relative strength, it outperformed 95.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ABCL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ABCL is above the rising 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) | 50.33 | NEUTRAL | The RSI value for ABCL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests ABCL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.56 | OVERSOLD | The low Stochastics value suggests ABCL may be oversold. |
| Average True Range in percent/ATR (20) | 9.88 | HIGH VOLATILITY | The high ATR as a percentage value for ABCL suggests high volalility. |
| Average Directional Index/ADX (14) | 40.59 | POSITIVE | The high ADX value value for ABCL suggests a strong 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)
4.25
+0.01 (+0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg0.24%
1 Week0.24%
2 Weeks-16.83%
1 Month5.99%
3 Month109.36%
6 Month37.1%
12 Month58.58%
2 Year-22.02%
3 Year-60.21%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%9.88%
ATR Inc62.63%
Range Today1.08
ADR(20)0.4
ADR(20)%9.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.62
Mansfield3.6
10 Day High5.19
10 Day Low3.93
20 Day High5.82
20 Day Low3.87
52 Week High5.82
52 Week Low1.89
CS1 End4.11
CR1 StartN/A
Volume & EV
DER(3)1.84%
DER(5)1.88%
Volume13.27M
Volume Incr-3.56%
Vol(5)6.55M
Vol(50)6.90M