ARBUTUS BIOPHARMA CORP (ABUS) Stock Technical Analysis
USA - NASDAQ:ABUS - CA03879J1003 - Common Stock
4.24 USD
-0.04 (-0.93%)
4.24 USD
0 (0%)
We assign a technical rating of 7 out of 10 to ABUS. In the last year, ABUS was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month ABUS has a been trading in the 4.10 - 4.66 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
ABUS has an average volume of 1183210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, ABUS did better than 81% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
ABUS is part of the Biotechnology industry. There are 536 other stocks in this industry, ABUS did better than 64% of them.
ABUS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ABUS is lagging the market.
Besides having an excellent technical rating, ABUS also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 4.10, a Stop Loss order could be placed below this zone.
More info and screens
3.03
4.65
We found 4 important support areas.
- A support zone ranging from 4.10 to 4.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.37 from a trend line in the daily time frame.
- Support @3.28 from a trend line in the weekly time frame.
- Support @3.06 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 4.32 to 4.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @4.47 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 4.55 to 4.60. This zone is formed by a combination of multiple trend lines 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 ABUS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ABUS is neutral. |
| ChartMill Relative Strength | 81.34 | POSITIVE | ABUS has a high relative strength, it outperformed 81.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABUS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ABUS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ABUS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.54 | NEUTRAL | The RSI value for ABUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ABUS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.65 | OVERSOLD | The low Stochastics value suggests ABUS may be oversold. |
| Average True Range in percent/ATR (20) | 4.39 | MEDIUM VOLATILITY | The ATR as a percentage value for ABUS suggests some volalility. |
| Average Directional Index/ADX (14) | 30.67 | POSITIVE | The high ADX value value for ABUS 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.40 | 4.09 | 0.31 (7.05%) | 14.19% |
| An entry @4.40. This is a Buy Stop order right above the resistance zone. | An exit @4.09. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.31 points, which is 7.05%. | For a 1.00% total portfolio risk, you can invest 14.19% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
4.24
-0.04 (-0.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.93%
1 Week-1.17%
2 Weeks-6.61%
1 Month-3.64%
3 Month35.46%
6 Month34.6%
12 Month2.17%
2 Year131.69%
3 Year81.2%
5 Year50.35%
10 Year-22.91%
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%4.39%
ATR Inc28.72%
Range Today0.26
ADR(20)0.18
ADR(20)%4.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.34
Mansfield0.99
10 Day High4.66
10 Day Low4.1
20 Day High4.66
20 Day Low4.1
52 Week High5.1
52 Week Low2.7
CS1 End4.1
CR1 Start4.32
Volume & EV
DER(3)-4.37%
DER(5)-4.9%
Volume1.18M
Volume Incr-31.41%
Vol(5)925.74K
Vol(50)1.18M