AURORA CANNABIS INC (ACB) Stock Technical Analysis
USA - NASDAQ:ACB - CA05156X8504 - Common Stock
We assign a technical rating of 0 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.
The technical rating of ACB is bad and it also does not present a quality setup 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.
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3.97
When analyzing the support we can see 3 important areas.
- A support zone ranging from 4.51 to 4.54. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 4.35 to 4.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 4.01 to 4.05. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @5.53 from a trend line in the weekly time frame.
- A resistance zone ranging from 6.15 to 6.16. This zone is formed by a combination of multiple trend lines 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 | 35.72 | NEUTRAL | ACB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ACB is below a declining 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) | UP | MIXED | The current price of ACB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.48 | NEUTRAL | The RSI value for ACB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests ACB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.37 | OVERSOLD | The low Stochastics value suggests ACB may be oversold. |
| Average True Range in percent/ATR (20) | 6.13 | HIGH VOLATILITY | The high ATR as a percentage value for ACB suggests high volalility. |
| Average Directional Index/ADX (14) | 19.35 | NEGATIVE | The low ADX value for ACB suggests a weak or negative trend. |
4.55
+0.19 (+4.36%)
AURORA CANNABIS INC / ACB FAQ
Can you provide the ChartMill technical rating for AURORA CANNABIS INC?
ChartMill assigns a technical rating of 0 / 10 to ACB.
Can you provide the trend direction for AURORA CANNABIS INC?
The current trend direction for AURORA CANNABIS INC (ACB) is Bearish.
What is the RSI signal for ACB stock?
AURORA CANNABIS INC (ACB) has an RSI value of 38.4844. This indicates that the stock is currently neutral.
What is the support and resistance level for ACB stock?
AURORA CANNABIS INC (ACB) has a support level at 4.54 and a resistance level at 5.53. Check the full technical report for our detailed analysis of ACB support and resistance levels.