AURORA CANNABIS INC (ACB) Stock Technical Analysis
USA - NASDAQ:ACB - CA05156X8504 - Common Stock
6.17 USD
+0.36 (+6.2%)
6.2 USD
+0.03 (+0.49%)
We assign a technical rating of 8 out of 10 to ACB. In the last year, ACB was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
ACB is part of the Pharmaceuticals industry. There are 196 other stocks in this industry. ACB outperforms 70% of them.
ACB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ACB is lagging the market slightly.
In the last month ACB has a been trading in the 4.84 - 6.51 range, which is quite wide. It is currently trading near the high of this range.
ACB has an average volume of 1779740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ACB is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Although ACB has an excellent technical rating, it does not offer a high 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.
More info and screens
3.84
6.30
When analyzing the support we can see 8 important areas.
- A support zone ranging from 6.15 to 6.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 5.62 to 5.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @4.99 from a trend line in the daily time frame.
- Support @4.83 from a horizontal line in the daily time frame.
- Support @4.60 from a trend line in the daily time frame.
- Support @4.42 from a trend line in the weekly time frame.
- A support zone ranging from 4.01 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 found 1 important resistance area.
- A resistance zone ranging from 6.18 to 6.24. 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 | NEUTRAL | NEUTRAL | The long term trend for ACB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ACB is up. |
| ChartMill Relative Strength | 83.88 | POSITIVE | ACB has a high relative strength, it outperformed 83.88% 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) | UP | POSITIVE | The current price of ACB is above the rising 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) | 65.54 | NEUTRAL | The RSI value for ACB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests ACB has a positive trend. |
| Stochastics (14,3) | 63.8 | NEUTRAL | The Stochastics value for ACB is a neutral value. |
| Average True Range in percent/ATR (20) | 5.22 | HIGH VOLATILITY | The high ATR as a percentage value for ACB suggests high volalility. |
| Average Directional Index/ADX (14) | 31.98 | 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)
6.17
+0.36 (+6.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg6.2%
1 Week3.52%
2 Weeks22.66%
1 Month22.18%
3 Month37.42%
6 Month44.16%
12 Month12.8%
2 Year39.81%
3 Year-56.85%
5 Year-84.77%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%5.22%
ATR Inc36.45%
Range Today0.7
ADR(20)0.28
ADR(20)%4.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.88
Mansfield1.45
10 Day High6.51
10 Day Low4.84
20 Day High6.51
20 Day Low4.84
52 Week High6.91
52 Week Low3.42
CS1 End6.16
CR1 Start6.18
Volume & EV
DER(3)-0.89%
DER(5)-0.93%
Volume3.66M
Volume Incr23.22%
Vol(5)1.97M
Vol(50)1.78M