AURORA CANNABIS INC (ACB.CA) Stock Technical Analysis
TSX:ACB - Toronto Stock Exchange - CA05156X8504 - Common Stock - Currency: CAD
Overall ACB gets a technical rating of 8 out of 10. Although ACB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
ACB is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 76% of 35 stocks in the same industry.
In the last month ACB has a been trading in the 6.90 - 8.54 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that ACB is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this relatively good performance is mostly due to a recent big move.
ACB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ACB is lagging the market slightly.
ACB has an excellent technical rating, but the quality of the setup is only medium 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
5.62
9.04
6 important support areas can be observed.
- Support @7.94 from a trend line in the weekly time frame.
- Support @7.43 from a trend line in the daily time frame.
- A support zone ranging from 7.13 to 7.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.23 from a trend line in the weekly time frame.
- Support @5.97 from a trend line in the daily time frame.
- Support @5.68 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @8.29 from a horizontal line in the daily time frame.
- Resistance @8.46 from a trend line in the weekly time frame.
- Resistance @8.95 from a horizontal line in the weekly 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 ACB.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ACB.CA is up. |
| ChartMill Relative Strength | 70.37 | POSITIVE | ACB.CA has a high relative strength, it outperformed 70.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ACB.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ACB.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ACB.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.14 | NEUTRAL | The RSI value for ACB.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ACB.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75 | NEUTRAL | The Stochastics value for ACB.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.45 | MEDIUM VOLATILITY | The ATR as a percentage value for ACB.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 28.66 | POSITIVE | The high ADX value value for ACB.CA 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)
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 |
|---|---|---|---|
| 8.30 | 7.93 | 0.37 (4.46%) | 22.43% |
| An entry @8.30. This is a Buy Stop order right above the resistance zone. | An exit @7.93. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.37 points, which is 4.46%. | When investing 22.43% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ACB. Please evaluate whether better entry and exit points can be found.
- 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.
TSX:ACB (6/13/2025, 7:00:00 PM)
7.98
-0.3 (-3.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-3.62%
1 Week2.18%
2 Weeks9.77%
1 Month15.48%
3 Month25.87%
6 Month29.76%
12 Month1.4%
2 Year14%
3 Year-53.06%
5 Year-95.25%
10 Year-77.83%
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%4.45%
ATR Inc5.84%
Range Today0.4
ADR(20)0.34
ADR(20)%4.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.37
Mansfield0.71
10 Day High8.54
10 Day Low7.06
20 Day High8.54
20 Day Low6.9
52 Week High9.9
52 Week Low4.95
CS1 End7.94
CR1 Start8.29
Volume & EV
DER(3)4.35%
DER(5)8.54%
Volume453.13K
Volume Incr1.11%
Vol(5)382.43K
Vol(50)440.17K