AURORA CANNABIS INC (ACB) Stock Technical Analysis
NASDAQ:ACB - Nasdaq - CA05156X8504 - Common Stock - Currency: USD
Taking everything into account, ACB scores 5 out of 10 in our technical rating. In the last year, ACB was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
ACB is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
ACB is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 77% of 198 stocks in the same industry.
ACB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ACB has an average volume of 1204060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, ACB turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
ACB has an average technical rating and also 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
3.74
6.50
4 important support areas can be observed.
- A support zone ranging from 4.52 to 4.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.18 to 4.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.03 from a trend line in the daily time frame.
- Support @3.78 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 4.82 to 4.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.79 from a trend line in the weekly time frame.
- Resistance @6.01 from a trend line in the weekly time frame.
- Resistance @6.44 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.62
Mansfield-0.85
10 Day High5
10 Day Low4.14
20 Day High5
20 Day Low3.75
52 Week High8.14
52 Week Low3.42
Performance
1 Week0.85%
2 Weeks9.45%
1 Month6.26%
3 Month30.14%
6 Month-14.26%
12 Month-29.53%
2 Year-6.66%
3 Year-71.39%
5 Year-96.63%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.07
RSI(14)57.81
LBB4.05
UBB4.9
4.75
+0.11 (+2.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg2.37%
1 Week0.85%
2 Weeks9.45%
1 Month6.26%
3 Month30.14%
6 Month-14.26%
12 Month-29.53%
2 Year-6.66%
3 Year-71.39%
5 Year-96.63%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%6.38%
ATR Inc19.15%
Range Today0.24
ADR(20)0.29
ADR(20)%6.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.62
Mansfield-0.85
10 Day High5
10 Day Low4.14
20 Day High5
20 Day Low3.75
52 Week High8.14
52 Week Low3.42
CS1 End4.63
CR1 Start4.82
Volume & EV
DER(3)5.87%
DER(5)2.77%
Volume850.75K
Volume Incr36.99%
Vol(5)1.45M
Vol(50)1.20M