Overall ACB gets a technical rating of 0 out of 10. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 71% 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 4.03 - 4.49 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- ACB has an average volume of 1766370 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 53% of 191 stocks in the same industry.
- Considerably lower volume is observed in the last couple of days.
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
3.60
When analyzing the support we can see 2 important areas.
- Support @4.05 from a horizontal line in the daily time frame.
- Support @3.64 from a horizontal line in the weekly time frame.
5 important resistance areas can be observed.
- Resistance @4.08 from a horizontal line in the daily time frame.
- A resistance zone ranging from 4.44 to 4.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.23 to 5.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.44 from a trend line in the weekly time frame.
- Resistance @6.15 from a horizontal 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 | 29.07 | NEGATIVE | ACB has a low relative strength, it was outperformed by 70.93% 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) | 38.11 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 34.43 | NEUTRAL | The Stochastics value for ACB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.67 | MEDIUM VOLATILITY | The ATR as a percentage value for ACB suggests some volalility. |
| Average Directional Index/ADX (14) | 9.61 | NEGATIVE | The low ADX value for ACB suggests a weak or negative trend. |
4.06
-0.12 (-2.87%)
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.
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 ACB stock?
AURORA CANNABIS INC (ACB) has an RSI value of 38.1053. This indicates that the stock is currently neutral.
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.
What is the support and resistance level for ACB stock?
AURORA CANNABIS INC (ACB) has a support level at 4.05 and a resistance level at 4.08. Check the full technical report for our detailed analysis of ACB support and resistance levels.