ARBUTUS BIOPHARMA CORP (ABUS) Stock Technical Analysis
NASDAQ:ABUS - Nasdaq - CA03879J1003 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to ABUS. In the last year, ABUS was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
69% of all other stocks performed better in the past year than ABUS.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
ABUS is part of the Biotechnology industry. There are 551 other stocks in this industry, ABUS did better than 57% 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.
In the last month ABUS has a been trading in the 3.08 - 3.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ABUS has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 3.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.35, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ABUS in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
3.03
3.66
3 important support areas can be observed.
- A support zone ranging from 3.26 to 3.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.19 to 3.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3.06 to 3.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.50 to 3.51. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 3.59 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 | NEUTRAL | NEUTRAL | The long term trend for ABUS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABUS is up. |
| ChartMill Relative Strength | 31.67 | NEUTRAL | ABUS is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of ABUS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.06 | 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) | 71.33 | NEUTRAL | The Stochastics value for ABUS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for ABUS suggests some volalility. |
| Average Directional Index/ADX (14) | 21.19 | NEUTRAL | The ADX value for ABUS suggests a possible start of a new 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)
3.4
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0%
1 Week3.98%
2 Weeks5.59%
1 Month7.26%
3 Month5.26%
6 Month-0.87%
12 Month-6.85%
2 Year67.49%
3 Year53.15%
5 Year16.84%
10 Year-52.18%
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%3.36%
ATR Inc36.45%
Range Today0.07
ADR(20)0.11
ADR(20)%3.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.67
Mansfield-1.11
10 Day High3.55
10 Day Low3.25
20 Day High3.55
20 Day Low3.08
52 Week High4.72
52 Week Low2.7
CS1 End3.35
CR1 Start3.5
Volume & EV
DER(3)7.16%
DER(5)7.04%
Volume637.10K
Volume Incr15.75%
Vol(5)798.52K
Vol(50)750.11K