ARBUTUS BIOPHARMA CORP (ABUS) Technical Analysis
NASDAQ:ABUS • CA03879J1003
Current stock price
4.28 USD
+0.08 (+1.9%)
At close:
4.3356 USD
+0.06 (+1.3%)
After Hours:
ABUS Technical Rating and Analysis
Taking everything into account, ABUS scores 2 out of 10 in our technical rating. ABUS has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month ABUS has a been trading in the 4.05 - 4.75 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.
- ABUS has an average volume of 2487940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When compared to the yearly performance of all other stocks, ABUS outperforms 62% of them, which is more or less in line with the market.
- ABUS is an average performer in the Biotechnology industry, it outperforms 53% of 515 stocks in the same industry.
- 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.
ABUS Weekly and Daily overview Charts
ABUS Setup Rating and Analysis
ABUS has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately.
More info and screens
ABUS Support and Resistance Analysis
3.79
4.95
We found 3 important support areas.
- Support @4.25 from a trend line in the weekly time frame.
- Support @4.11 from a trend line in the weekly time frame.
- Support @3.83 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 4.42 to 4.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 4.73 to 4.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.90 from a horizontal line in the daily time frame.
ABUS Technical Indicator Signal Analysis
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 ABUS is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABUS is down. |
| ChartMill Relative Strength | 62.69 | NEUTRAL | ABUS is not amongst the best or worst performers 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 | MIXED | The current price of ABUS is below 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) | 45.17 | 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) | 24.55 | NEUTRAL | The Stochastics value for ABUS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.64 | MEDIUM VOLATILITY | The ATR as a percentage value for ABUS suggests some volalility. |
| Average Directional Index/ADX (14) | 13.03 | NEGATIVE | The low ADX value for ABUS suggests a weak or negative trend. |
ABUS Chart- and CandleStick Pattern Analysis
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)
ABUS Technicals: Chart, Performance Metrics, Trend & Indicators
4.28
+0.08 (+1.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.9%
1 Week-6.96%
2 Weeks-2.06%
1 Month-0.23%
3 Month3.63%
6 Month-9.51%
12 Month19.22%
2 Year56.78%
3 Year70.52%
5 Year23.34%
10 Year-13.54%
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%4.64%
ATR Inc3.89%
Range Today0.16
ADR(20)0.19
ADR(20)%4.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.69
3 months CRS69.52
6 months CRS26.37
Mansfield-0.22
10 Day High4.75
10 Day Low4.05
20 Day High4.75
20 Day Low4.05
52 Week High5.1
52 Week Low2.94
CS1 End4.25
CR1 Start4.42
Volume & EV
DER(3)-0.33%
DER(5)-0.12%
Volume5.06M
Volume Incr109.32%
Vol(5)3.98M
Vol(50)2.49M
ARBUTUS BIOPHARMA CORP / ABUS TA FAQ
What is the ChartMill technical rating of ARBUTUS BIOPHARMA CORP (ABUS) stock?
ChartMill assigns a technical rating of 2 / 10 to ABUS.
What is the trend direction for ABUS stock?
The current trend direction for ARBUTUS BIOPHARMA CORP (ABUS) is Bearish.
What is the RSI signal for ABUS stock?
ARBUTUS BIOPHARMA CORP (ABUS) has an RSI value of 45.166. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for ARBUTUS BIOPHARMA CORP?
ARBUTUS BIOPHARMA CORP (ABUS) has a support level at 4.25 and a resistance level at 4.42. Check the full technical report for our detailed analysis of ABUS support and resistance levels.