AURORA CANNABIS INC (ACB)

CA05156X8504 - Common Stock

4.39  -0.36 (-7.58%)

After market: 4.3604 -0.03 (-0.67%)

Technical Rating and Analysis

6

Taking everything into account, ACB scores 6 out of 10 in our technical rating. ACB has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

When comparing the yearly performance of all stocks, ACB is a bad performer in the overall market: 83% of all stocks are doing better.
ACB is part of the Pharmaceuticals industry. There are 203 other stocks in this industry, of which 61% are performing better 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.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month ACB has a been trading in the 2.84 - 4.92 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
ACB has an average volume of 4483900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Weekly and Daily overview Charts
ACB Weekly chart
ACB Daily chart
Setup Rating and Analysis

3

ACB has an average technical rating and it also 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.

Support and Resistance Analysis

2.87

6.41

We found 1 important support area.

  • Support @2.90 from a horizontal line in the daily time frame.

5 important resistance areas can be observed.

  • A resistance zone ranging from 4.74 to 4.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 4.87 to 4.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @5.00 from a horizontal line in the daily time frame.
  • Resistance @6.06 from a trend line in the weekly time frame.
  • Resistance @6.35 from a trend line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.55
Mansfield-2.06
10 Day High4.92
10 Day Low2.84
20 Day High4.92
20 Day Low2.84
52 Week High11.5
52 Week Low2.84
Performance
1 Week23.7%
2 Weeks59.93%
1 Month47.06%
3 Month-0.25%
6 Month-18.8%
12 Month-31.88%
2 Year-88.12%
3 Year-94.9%
5 Year-99.56%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.19
RSI(14)66.1
LBB2.38
UBB4.93
ACB Daily chart

AURORA CANNABIS INC

NASDAQ:ACB (3/28/2024, 4:11:59 PM)

After market: 4.3604 -0.03 (-0.67%)

4.39

-0.36 (-7.58%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-7.58%
1 Week23.7%
2 Weeks59.93%
1 Month47.06%
3 Month-0.25%
6 Month-18.8%
12 Month-31.88%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.48
ATR(20)%8.41%
ATR Inc
Range Today0.69
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High4.92
10 Day Low2.84
20 Day High4.92
20 Day Low2.84
52 Week High11.5
52 Week Low2.84
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume9.82M
Volume Incr371.7%
Vol(5)8.45M
Vol(50)4.48M