AURORA CANNABIS INC (ACB) Technical Analysis
NASDAQ:ACB • CA05156X8504
Current stock price
ACB Technical Rating and Analysis
Taking everything into account, ACB scores 0 out of 10 in our technical rating. 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.
- 85% of all other stocks performed better in the past year than ACB.
- ACB is one of the lesser performing stocks in the Pharmaceuticals industry. 62% of 192 stocks in the same industry do better.
- ACB is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ACB is lagging the market.
- In the last month ACB has a been trading in the 3.07 - 3.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ACB Weekly and Daily overview Charts
ACB Setup Rating and Analysis
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.
More info and screens
ACB Support and Resistance Analysis
3.41
4 important resistance areas can be observed.
- Resistance @3.90 from a horizontal line in the daily time frame.
- Resistance @4.72 from a trend line in the daily time frame.
- Resistance @5.03 from a trend line in the weekly time frame.
- Resistance @5.33 from a trend line in the weekly time frame.
ACB Technical Indicator Signal Analysis
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 | 15.46 | NEGATIVE | ACB has a low relative strength, it was outperformed by 84.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ACB is above 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) | 49.34 | NEUTRAL | The RSI value for ACB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ACB has a positive trend. |
| Stochastics (14,3) | 55.31 | NEUTRAL | The Stochastics value for ACB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.09 | MEDIUM VOLATILITY | The ATR as a percentage value for ACB suggests some volalility. |
| Average Directional Index/ADX (14) | 19.66 | NEGATIVE | The low ADX value for ACB suggests a weak or negative trend. |
ACB Chart- and CandleStick Pattern Analysis
ACB Technicals: Chart, Performance Metrics, Trend & Indicators
3.44
+0.09 (+2.69%)
AURORA CANNABIS INC / ACB TA FAQ
Can you provide the ChartMill technical rating for AURORA CANNABIS INC?
ChartMill assigns a technical rating of 0 / 10 to ACB.
What is the current trend direction of AURORA CANNABIS INC (ACB) stock?
The current trend direction for AURORA CANNABIS INC (ACB) is Bearish.
What is the RSI signal for AURORA CANNABIS INC (ACB) stock?
AURORA CANNABIS INC (ACB) has an RSI value of 49.3409. This indicates that the stock is currently neutral.
What is the short term momentum for ACB stock?
The short term momentum for AURORA CANNABIS INC (ACB) is negative.
What is the buy/sell signal for AURORA CANNABIS INC (ACB) stock?
The buy/sell signal for AURORA CANNABIS INC (ACB) is sell as both the short term and long term trends are negative.