ABCELLERA BIOLOGICS INC (ABCL) Stock Technical Analysis
NASDAQ:ABCL - Nasdaq - CA00288U1066 - Common Stock - Currency: USD
Overall ABCL gets a technical rating of 9 out of 10. Both in the recent history as in the last year, ABCL has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
ABCL is one of the better performing stocks in the Life Sciences Tools & Services industry, it outperforms 89% of 56 stocks in the same industry.
ABCL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ABCL is lagging the market slightly.
ABCL has an average volume of 6080160 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 90% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month ABCL has a been trading in the 3.10 - 4.46 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, ABCL also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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
1.91
4.07
2 important support areas can be observed.
- A support zone ranging from 3.89 to 3.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.93 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.02 to 4.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The short term trend for ABCL is up. |
| ChartMill Relative Strength | 90.6 | POSITIVE | ABCL has a high relative strength, it outperformed 90.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ABCL is above 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) | 57.63 | NEUTRAL | The RSI value for ABCL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ABCL has a negative trend. |
| Stochastics (14,3) | 58.2 | NEUTRAL | The Stochastics value for ABCL is a neutral value. |
| Average True Range in percent/ATR (20) | 8.17 | HIGH VOLATILITY | The high ATR as a percentage value for ABCL suggests high volalility. |
| Average Directional Index/ADX (14) | 50.59 | 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)
3.9
-0.16 (-3.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg-3.94%
1 Week-8.24%
2 Weeks4%
1 Month25%
3 Month61.16%
6 Month31.31%
12 Month31.31%
2 Year-49.55%
3 Year-61.16%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%8.17%
ATR Inc-30.83%
Range Today0.26
ADR(20)0.32
ADR(20)%8.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.6
Mansfield2.96
10 Day High4.46
10 Day Low3.66
20 Day High4.46
20 Day Low3.1
52 Week High4.46
52 Week Low1.89
CS1 End3.89
CR1 Start4.02
Volume & EV
DER(3)-1.9%
DER(5)-1.39%
Volume5.80M
Volume Incr-12.1%
Vol(5)6.69M
Vol(50)6.08M