We assign a technical rating of 0 out of 10 to ACB. 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.
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
4.03
2 important support areas can be observed.
- Support @4.20 from a horizontal line in the weekly time frame.
- A support zone ranging from 4.07 to 4.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 4.61 to 4.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.46 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 | 28.35 | NEGATIVE | ACB has a low relative strength, it was outperformed by 71.65% 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) | 49.14 | NEUTRAL | The RSI value for ACB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ACB has a positive trend. |
| Stochastics (14,3) | 73.59 | NEUTRAL | The Stochastics value for ACB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.95 | MEDIUM VOLATILITY | The ATR as a percentage value for ACB suggests some volalility. |
| Average Directional Index/ADX (14) | 16.49 | NEGATIVE | The low ADX value for ACB suggests a weak or negative trend. |
4.6
+0.01 (+0.22%)
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 49.1352. This indicates that the stock is currently neutral.
What is the buy/sell signal for ACB stock?
The buy/sell signal for AURORA CANNABIS INC (ACB) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for AURORA CANNABIS INC?
AURORA CANNABIS INC (ACB) has a support level at 4.2 and a resistance level at 4.61. Check the full technical report for our detailed analysis of ACB support and resistance levels.