ABCELLERA BIOLOGICS INC (ABCL) Stock Technical Analysis
NASDAQ:ABCL - Nasdaq - CA00288U1066 - Common Stock - Currency: USD
Taking everything into account, ABCL scores 9 out of 10 in our technical rating. 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 long and short term trends are both positive. This is looking good!
ABCL is part of the Life Sciences Tools & Services industry. There are 55 other stocks in this industry. ABCL outperforms 87% of them.
ABCL is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month ABCL has a been trading in the 1.97 - 4.08 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
ABCL has an average volume of 5333290 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 93% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
3.84
We found 1 important support area.
- 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 | UP | POSITIVE | The short term trend for ABCL is up. |
| ChartMill Relative Strength | 93.32 | POSITIVE | ABCL has a high relative strength, it outperformed 93.32% 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) | 79.73 | OVERBOUGHT | The high RSI value suggests ABCL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests ABCL has a positive trend. |
| Stochastics (14,3) | 87.18 | OVERBOUGHT | The high Stochastics value suggests ABCL may be overbought. |
| Average True Range in percent/ATR (20) | 6.68 | HIGH VOLATILITY | The high ATR as a percentage value for ABCL suggests high volalility. |
| Average Directional Index/ADX (14) | 48.64 | 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)
3.8
+0.12 (+3.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg3.26%
1 Week21.79%
2 Weeks25.83%
1 Month91.92%
3 Month64.5%
6 Month27.09%
12 Month28.38%
2 Year-41.18%
3 Year-64.32%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%6.68%
ATR Inc71.29%
Range Today0.48
ADR(20)0.25
ADR(20)%6.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.32
Mansfield3.2
10 Day High4.09
10 Day Low2.98
20 Day High4.09
20 Day Low1.97
52 Week High4.09
52 Week Low1.89
CS1 End1.93
CR1 StartN/A
Volume & EV
DER(3)6.46%
DER(5)3.98%
Volume9.94M
Volume Incr44.42%
Vol(5)8.17M
Vol(50)5.33M