Taking everything into account, ABCL scores 4 out of 10 in our technical rating. In the past year, ABCL was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- ABCL has an average volume of 4400110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, ABCL outperforms 68% of them, which is more or less in line with the market.
- ABCL is part of the Life Sciences Tools & Services industry. There are 57 other stocks in this industry, ABCL did better than 66% of them.
- 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 3.32 - 4.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ABCL has an average technical rating and it also 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
3.38
2 important support areas can be observed.
- Support @3.52 from a trend line in the daily time frame.
- Support @3.41 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @4.38 from a horizontal line in the weekly time frame.
- Resistance @4.53 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 | NEUTRAL | NEUTRAL | The long term trend for ABCL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABCL is up. |
| ChartMill Relative Strength | 68.87 | NEUTRAL | ABCL is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of ABCL is above a declining 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) | 62.33 | NEUTRAL | The RSI value for ABCL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests ABCL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.27 | NEUTRAL | The Stochastics value for ABCL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.64 | HIGH VOLATILITY | The high ATR as a percentage value for ABCL suggests high volalility. |
| Average Directional Index/ADX (14) | 24.89 | NEUTRAL | The ADX value for ABCL suggests a possible start of a new trend. |
4.29
+0.02 (+0.47%)
ABCELLERA BIOLOGICS INC / ABCL FAQ
What is the ChartMill technical rating of ABCELLERA BIOLOGICS INC (ABCL) stock?
ChartMill assigns a technical rating of 4 / 10 to ABCL.
What is the trend direction for ABCL stock?
The current trend direction for ABCELLERA BIOLOGICS INC (ABCL) is Bearish.
Can you provide the RSI signal for ABCELLERA BIOLOGICS INC?
ABCELLERA BIOLOGICS INC (ABCL) has an RSI value of 62.3346. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ABCELLERA BIOLOGICS INC?
The MACD indicator for ABCELLERA BIOLOGICS INC (ABCL) has a value of 0.10895, indicating a bearish trend.
What is the short term momentum for ABCL stock?
The short term momentum for ABCELLERA BIOLOGICS INC (ABCL) is positive.