AURORA CANNABIS INC (ACB) Stock Technical Analysis
NASDAQ:ACB - CA05156X8504 - Common Stock
5.33 USD
+0.03 (+0.57%)
5.3 USD
-0.03 (-0.56%)
Taking everything into account, ACB scores 5 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, ACB is a bad performer.
When comparing the yearly performance of all stocks, ACB is a bad performer in the overall market: 80% of all stocks are doing better.
The long and short term trends are both positive. This is looking good!
In the last month ACB has a been trading in the 4.14 - 5.59 range, which is quite wide. It is currently trading near the high of this range.
ACB has an average volume of 1665100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ACB is an average performer in the Pharmaceuticals industry, it outperforms 46% of 193 stocks in the same industry.
ACB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ACB is lagging the market.
ACB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 5.07, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ACB in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
3.84
5.93
5 important support areas can be observed.
- A support zone ranging from 4.98 to 5.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.67 to 4.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 4.29 to 4.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3.95 to 4.01. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @3.88 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @5.38 from a trend line in the daily time frame.
- A resistance zone ranging from 5.54 to 5.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 5.86 to 5.87. 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 | UP | POSITIVE | The long term trend for ACB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ACB is up. |
| ChartMill Relative Strength | 20.12 | NEGATIVE | ACB has a low relative strength, it was outperformed by 79.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ACB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ACB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ACB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.83 | NEUTRAL | The RSI value for ACB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ACB has a positive trend. |
| Stochastics (14,3) | 78.75 | NEUTRAL | The Stochastics value for ACB is a neutral value. |
| Average True Range in percent/ATR (20) | 5.89 | HIGH VOLATILITY | The high ATR as a percentage value for ACB suggests high volalility. |
| Average Directional Index/ADX (14) | 16.34 | NEGATIVE | The low ADX value for ACB suggests a weak or negative 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)
5.33
+0.03 (+0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.57%
1 Week12.92%
2 Weeks-3.62%
1 Month17.92%
3 Month0.57%
6 Month4.51%
12 Month-12.34%
2 Year11%
3 Year-66.69%
5 Year-94.56%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%5.89%
ATR Inc-45.08%
Range Today0.22
ADR(20)0.29
ADR(20)%5.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.12
Mansfield-0.05
10 Day High5.51
10 Day Low4.58
20 Day High5.59
20 Day Low4.14
52 Week High6.91
52 Week Low3.42
CS1 End5.07
CR1 Start5.38
Volume & EV
DER(3)4.45%
DER(5)4.02%
Volume1.24M
Volume Incr-16.6%
Vol(5)1.50M
Vol(50)1.67M