ARBUTUS BIOPHARMA CORP (ABUS) Stock Technical Analysis
NASDAQ:ABUS - CA03879J1003 - Common Stock
3.71 USD
+0.04 (+1.09%)
3.71 USD
0 (0%)
Taking everything into account, ABUS scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ABUS is only an average performer.
The long and short term trends are both positive. This is looking good!
In the last month ABUS has a been trading in the 3.26 - 3.73 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, ABUS turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
ABUS is an average performer in the Biotechnology industry, it outperforms 59% of 545 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.
Although ABUS has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.03
3.75
We found 3 important support areas.
- A support zone ranging from 3.33 to 3.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.22 to 3.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.06 from a horizontal line 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 | UP | POSITIVE | The short term trend for ABUS is up. |
| ChartMill Relative Strength | 46 | 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) | UP | POSITIVE | The current price of ABUS is above the rising 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) | 70.56 | OVERBOUGHT | The high RSI value suggests ABUS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ABUS has a positive trend. |
| Stochastics (14,3) | 90.82 | OVERBOUGHT | The high Stochastics value suggests ABUS may be overbought. |
| Average True Range in percent/ATR (20) | 3.2 | MEDIUM VOLATILITY | The ATR as a percentage value for ABUS suggests some volalility. |
| Average Directional Index/ADX (14) | 36.06 | POSITIVE | The high ADX value value for ABUS suggests a strong 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)
3.71
+0.04 (+1.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.09%
1 Week3.34%
2 Weeks10.25%
1 Month13.46%
3 Month10.42%
6 Month7.54%
12 Month-4.13%
2 Year82.76%
3 Year67.12%
5 Year27.49%
10 Year-47.82%
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%3.2%
ATR Inc-27.58%
Range Today0.08
ADR(20)0.12
ADR(20)%3.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46
Mansfield-0.29
10 Day High3.73
10 Day Low3.35
20 Day High3.73
20 Day Low3.26
52 Week High4.72
52 Week Low2.7
CS1 End3.39
CR1 StartN/A
Volume & EV
DER(3)4.83%
DER(5)1.54%
Volume766.90K
Volume Incr36.99%
Vol(5)1.01M
Vol(50)829.75K