ARBUTUS BIOPHARMA CORP (ABUS) Stock Technical Analysis
NASDAQ:ABUS • CA03879J1003
Taking everything into account, ABUS scores 4 out of 10 in our technical rating. Although ABUS is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Looking at the yearly performance, ABUS did better than 72% of all other stocks.
- ABUS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ABUS is lagging the market slightly.
- In the last month ABUS has a been trading in the 3.50 - 4.60 range, which is quite wide. It is currently trading near the high of this range.
- ABUS has an average volume of 1697520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- ABUS is an average performer in the Biotechnology industry, it outperforms 62% of 521 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is only medium, ABUS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 3.97, a Stop Loss order could be placed below this zone.
More info and screens
3.70
3 important support areas can be observed.
- A support zone ranging from 3.91 to 3.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.83 from a horizontal line in the weekly time frame.
- Support @3.74 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @4.79 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 4.90 to 4.96. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for ABUS is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ABUS is neutral. |
| ChartMill Relative Strength | 72.22 | POSITIVE | ABUS has a high relative strength, it outperformed 72.22% 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) | DOWN | MIXED | The current price of ABUS is above 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) | 56.01 | NEUTRAL | The RSI value for ABUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ABUS has a positive trend. |
| Stochastics (14,3) | 77.84 | NEUTRAL | The Stochastics value for ABUS is a neutral value. |
| Average True Range in percent/ATR (20) | 6.54 | HIGH VOLATILITY | The high ATR as a percentage value for ABUS suggests high volalility. |
| Average Directional Index/ADX (14) | 23.91 | NEUTRAL | The ADX value for ABUS suggests a possible start of a new trend. |
4.46
+0.07 (+1.59%)
ARBUTUS BIOPHARMA CORP / ABUS FAQ
What is the ChartMill technical rating of ARBUTUS BIOPHARMA CORP (ABUS) stock?
ChartMill assigns a technical rating of 4 / 10 to ABUS.
What is the trend direction for ABUS stock?
The current trend direction for ARBUTUS BIOPHARMA CORP (ABUS) is Bearish.
Can you provide the RSI signal for ARBUTUS BIOPHARMA CORP?
ARBUTUS BIOPHARMA CORP (ABUS) has an RSI value of 56.0055. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ARBUTUS BIOPHARMA CORP?
The MACD indicator for ARBUTUS BIOPHARMA CORP (ABUS) has a value of 0.0554398, indicating a bearish trend.
Can you provide the short term momentum for ARBUTUS BIOPHARMA CORP?
The short term momentum for ARBUTUS BIOPHARMA CORP (ABUS) is neutral.