AURORA CANNABIS INC (ACB) Stock Technical Analysis
NASDAQ:ACB - Nasdaq - CA05156X8504 - Common Stock - Currency: USD
Overall ACB gets a technical rating of 0 out of 10. ACB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
76% of all other stocks performed better in the past year than ACB.
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 3.87 - 6.25 range, which is quite wide. It is currently trading near the lows of this range.
ACB has an average volume of 1220350 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 49% of 195 stocks in the same industry.
ACB has a poor technical rating and the quality of the setup is also 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
3.83
6.15
3 important support areas can be observed.
- A support zone ranging from 4.31 to 4.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.07 from a horizontal line in the weekly time frame.
- A support zone ranging from 3.87 to 3.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @5.72 from a trend line in the weekly time frame.
- Resistance @6.09 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 | DOWN | NEGATIVE | The long term trend for ACB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ACB is down. |
| ChartMill Relative Strength | 24.73 | NEGATIVE | ACB has a low relative strength, it was outperformed by 75.27% off all stocks 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) | DOWN | NEGATIVE | The current price of ACB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.6 | NEUTRAL | The RSI value for ACB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests ACB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.13 | OVERSOLD | The low Stochastics value suggests ACB may be oversold. |
| Average True Range in percent/ATR (20) | 7.54 | HIGH VOLATILITY | The high ATR as a percentage value for ACB suggests high volalility. |
| Average Directional Index/ADX (14) | 33.6 | POSITIVE | The high ADX value value for ACB 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)
4.47
+0.17 (+3.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg3.95%
1 Week8.04%
2 Weeks-30.08%
1 Month-17.47%
3 Month7.1%
6 Month-8.51%
12 Month-10.79%
2 Year-23.58%
3 Year-69.5%
5 Year-95.78%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%7.54%
ATR Inc-48%
Range Today0.23
ADR(20)0.28
ADR(20)%6.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.73
Mansfield-2.14
10 Day High6.21
10 Day Low3.87
20 Day High6.25
20 Day Low3.87
52 Week High7.2
52 Week Low3.42
CS1 End3.93
CR1 Start4.27
Volume & EV
DER(3)5.03%
DER(5)6.73%
Volume1.13M
Volume Incr4.77%
Vol(5)1.50M
Vol(50)1.22M