ARCA BIOPHARMA INC (ABIO) Stock Technical Analysis
NASDAQ:ABIO - Nasdaq - US00211Y5069 - Common Stock - Currency: USD
Overall ABIO gets a technical rating of 2 out of 10. ABIO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
76% of all other stocks performed better in the past year than ABIO.
ABIO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ABIO has a been trading in the 1.81 - 4.36 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
ABIO is part of the Biotechnology industry. There are 558 other stocks in this industry, ABIO did better than 53% of them.
The technical rating of ABIO is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.38
2.42
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 ABIO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ABIO is neutral. |
| ChartMill Relative Strength | 24.29 | NEGATIVE | ABIO has a low relative strength, it was outperformed by 75.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABIO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ABIO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ABIO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.32 | NEUTRAL | The RSI value for ABIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests ABIO has a negative trend. |
| Stochastics (14,3) | 33.59 | NEUTRAL | The Stochastics value for ABIO is a neutral value. |
| Average True Range in percent/ATR (20) | 16.53 | HIGH VOLATILITY | The high ATR as a percentage value for ABIO suggests high volalility. |
| Average Directional Index/ADX (14) | 25.15 | POSITIVE | The high ADX value value for ABIO 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)
2.4
-0.1 (-4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-4%
1 Week-42.31%
2 Weeks-18.64%
1 Month-22.83%
3 Month-35.14%
6 Month43.71%
12 Month16.57%
2 Year2.56%
3 Year-22.33%
5 Year-57.3%
10 Year-98.64%
15 Year-99.91%
Volatility
ATR(14)0.44
ATR(20)%16.53%
ATR Inc190.57%
Range Today0.25
ADR(20)0.34
ADR(20)%13.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.29
Mansfield-1.25
10 Day High4.36
10 Day Low1.81
20 Day High4.36
20 Day Low1.81
52 Week High4.49
52 Week Low1.56
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)-4.67%
DER(5)-1.87%
Volume290.80K
Volume Incr461.21%
Vol(5)692.92K
Vol(50)172.10K