ARBUTUS BIOPHARMA CORP (ABUS) Stock Technical Analysis
USA - NASDAQ:ABUS - CA03879J1003 - Common Stock
We assign a technical rating of 8 out of 10 to ABUS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ABUS is showing a nice and steady performance.
ABUS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 4.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.39, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
We found 5 important support areas.
- A support zone ranging from 4.36 to 4.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.10 to 4.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.43 from a trend line in the daily time frame.
- Support @3.32 from a trend line in the weekly time frame.
- Support @3.06 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.90 to 4.91. 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 | UP | POSITIVE | The long term trend for ABUS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ABUS is neutral. |
| ChartMill Relative Strength | 87.7 | POSITIVE | ABUS has a high relative strength, it outperformed 87.7% 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) | UP | POSITIVE | The current price of ABUS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.39 | NEUTRAL | The RSI value for ABUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ABUS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.26 | NEUTRAL | The Stochastics value for ABUS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.85 | MEDIUM VOLATILITY | The ATR as a percentage value for ABUS suggests some volalility. |
| Average Directional Index/ADX (14) | 22.61 | NEUTRAL | The ADX value for ABUS suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 4.92 | 4.35 | 0.57 (11.59%) | 8.63% |
| An entry @4.92. This is a Buy Stop order right above the resistance zone. | An exit @4.35. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.57 points, which is 11.59%. | When investing 8.63% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
4.61
+0.11 (+2.44%)
ARBUTUS BIOPHARMA CORP / ABUS FAQ
What is the ChartMill technical rating of ARBUTUS BIOPHARMA CORP (ABUS) stock?
ChartMill assigns a technical rating of 8 / 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 55.3882. 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 neutral.
What is the support and resistance level for ABUS stock?
ARBUTUS BIOPHARMA CORP (ABUS) has a support level at 4.39 and a resistance level at 4.9. Check the full technical report for our detailed analysis of ABUS support and resistance levels.