Overall ABUS gets a technical rating of 3 out of 10. In the last year, ABUS was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is bad, ABUS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
3.03
When analyzing the support we can see 5 important areas.
- Support @4.10 from a horizontal line in the daily time frame.
- Support @3.49 from a trend line in the daily time frame.
- Support @3.36 from a trend line in the weekly time frame.
- Support @3.24 from a trend line in the daily time frame.
- Support @3.06 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 4.42 to 4.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @4.90 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 ABUS is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABUS is down. |
| ChartMill Relative Strength | 70.23 | POSITIVE | ABUS has a high relative strength, it outperformed 70.23% 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) | DOWN | NEGATIVE | The current price of ABUS is below a declining 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) | 42.02 | NEUTRAL | The RSI value for ABUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ABUS has a negative trend. |
| Stochastics (14,3) | 33.33 | NEUTRAL | The Stochastics value for ABUS is a neutral value. |
| Average True Range in percent/ATR (20) | 5.2 | HIGH VOLATILITY | The high ATR as a percentage value for ABUS suggests high volalility. |
| Average Directional Index/ADX (14) | 16.82 | NEGATIVE | The low ADX value for ABUS suggests a weak or negative trend. |
4.21
-0.2 (-4.54%)
ARBUTUS BIOPHARMA CORP / ABUS FAQ
What is the ChartMill technical rating of ARBUTUS BIOPHARMA CORP (ABUS) stock?
ChartMill assigns a technical rating of 3 / 10 to ABUS.
Can you provide the trend direction for ARBUTUS BIOPHARMA CORP?
The current trend direction for ARBUTUS BIOPHARMA CORP (ABUS) is Bullish.
Can you provide the RSI signal for ARBUTUS BIOPHARMA CORP?
ARBUTUS BIOPHARMA CORP (ABUS) has an RSI value of 42.0229. This indicates that the stock is currently neutral.
What is the short term momentum for ARBUTUS BIOPHARMA CORP (ABUS) stock?
The short term momentum for ARBUTUS BIOPHARMA CORP (ABUS) is negative.
What is the support and resistance level for ABUS stock?
ARBUTUS BIOPHARMA CORP (ABUS) has a support level at 4.1 and a resistance level at 4.42. Check the full technical report for our detailed analysis of ABUS support and resistance levels.