ARBUTUS BIOPHARMA CORP (ABUS) Stock Technical Analysis
NASDAQ:ABUS - Nasdaq - CA03879J1003 - Common Stock - Currency: USD
Overall ABUS gets a technical rating of 8 out of 10. Although ABUS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
ABUS is part of the Biotechnology industry. There are 559 other stocks in this industry. ABUS outperforms 78% of them.
In the last month ABUS has a been trading in the 3.04 - 3.62 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that ABUS is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
ABUS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ABUS is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, ABUS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 3.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.37, a Stop Loss order could be placed below this zone.
More info and screens
3.03
3.66
4 important support areas can be observed.
- A support zone ranging from 3.28 to 3.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.22 from a trend line in the daily time frame.
- Support @3.15 from a trend line in the weekly time frame.
- A support zone ranging from 3.06 to 3.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 3.56 to 3.62. 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 | UP | POSITIVE | The short term trend for ABUS is up. |
| ChartMill Relative Strength | 73.31 | POSITIVE | ABUS has a high relative strength, it outperformed 73.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ABUS is above the rising 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) | DOWN | NEGATIVE | The current price of ABUS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.61 | NEUTRAL | The RSI value for ABUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ABUS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.57 | OVERBOUGHT | The high Stochastics value suggests ABUS may be overbought. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for ABUS suggests some volalility. |
| Average Directional Index/ADX (14) | 17.62 | NEGATIVE | The low ADX value for ABUS suggests a weak or negative 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 |
|---|---|---|---|
| 3.63 | 3.30 | 0.33 (9.09%) | 11.00% |
| An entry @3.63. This is a Buy Stop order right above the resistance zone. | An exit @3.30. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.33 points, which is 9.09%. | For a 1.00% total portfolio risk, you can invest 11.00% 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.
3.53
-0.05 (-1.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.4%
1 Week1.44%
2 Weeks5.06%
1 Month13.14%
3 Month6.97%
6 Month1.44%
12 Month12.42%
2 Year53.48%
3 Year30.26%
5 Year93.96%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%3.59%
ATR Inc-8%
Range Today0.11
ADR(20)0.12
ADR(20)%3.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.31
Mansfield-0.43
10 Day High3.62
10 Day Low3.31
20 Day High3.62
20 Day Low3.04
52 Week High4.72
52 Week Low2.7
CS1 End3.37
CR1 Start3.56
Volume & EV
DER(3)0.88%
DER(5)-0.57%
Volume515.40K
Volume Incr-32.92%
Vol(5)498.28K
Vol(50)900.58K