AURORA CANNABIS INC (ACB) Stock Technical Analysis
NASDAQ:ACB - Nasdaq - CA05156X8504 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to ACB. ACB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
89% of all other stocks performed better in the past year than ACB.
ACB is one of the lesser performing stocks in the Pharmaceuticals industry. 64% of 193 stocks in the same industry do better.
ACB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ACB has a been trading in the 4.29 - 5.10 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ACB has an average volume of 1187730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
Although the technical rating is bad, ACB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for ACB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
3.84
6.02
We found 5 important support areas.
- Support @4.59 from a trend line in the daily time frame.
- A support zone ranging from 4.42 to 4.49. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @4.23 from a trend line in the weekly time frame.
- A support zone ranging from 4.05 to 4.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3.88 to 3.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 4.63 to 4.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.85 to 4.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.06 from a horizontal line in the daily time frame.
- Resistance @5.50 from a trend line in the weekly time frame.
- Resistance @5.96 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for ACB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ACB is down. |
| ChartMill Relative Strength | 11.74 | NEGATIVE | ACB has a low relative strength, it was outperformed by 88.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ACB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ACB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ACB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.34 | NEUTRAL | The RSI value for ACB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ACB has a positive trend. |
| Stochastics (14,3) | 33.88 | NEUTRAL | The Stochastics value for ACB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.42 | MEDIUM VOLATILITY | The ATR as a percentage value for ACB suggests some volalility. |
| Average Directional Index/ADX (14) | 14.53 | 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)
4.6
-0.02 (-0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-0.43%
1 Week3.6%
2 Weeks-8.91%
1 Month0.88%
3 Month-5.15%
6 Month-23.71%
12 Month-28.79%
2 Year-4.21%
3 Year-71.25%
5 Year-95.31%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%4.42%
ATR Inc-13.96%
Range Today0.21
ADR(20)0.2
ADR(20)%4.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.74
Mansfield-1.38
10 Day High5.1
10 Day Low4.29
20 Day High5.1
20 Day Low4.29
52 Week High7.2
52 Week Low3.42
CS1 End4.59
CR1 Start4.63
Volume & EV
DER(3)14.09%
DER(5)9.87%
Volume924.20K
Volume Incr4.14%
Vol(5)966.34K
Vol(50)1.19M