ANAB Technical Analysis - ANAPTYSBIO INC

Technical Rating and Analysis

Overall ANAB gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ANAB is only an average performer.

Both the short term and long term trends are positive. This is a very positive sign.

ANAB is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month ANAB has a been trading in the 20.79 - 35.77 range, which is quite wide. It is currently trading near the high of this range.

Looking at the yearly performance, ANAB did better than 78% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

ANAB is an average performer in the Biotechnology industry, it outperforms 62% of 534 stocks in the same industry.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ANAPTYSBIO INC / ANAB Weekly stock chart

Setup Rating and Analysis

ANAB has an excellent technical rating, but the quality of the setup is only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

19.26

34.99

When analyzing the support we can see 3 important areas.

A support zone ranging from 33.38 to 33.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @20.63 from a trend line in the daily time frame.
Support @19.45 from a horizontal line in the daily time frame.

We found 1 important resistance area.

Resistance @34.64 from a horizontal line in the weekly time frame.

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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	UP	POSITIVE	The long term trend for ANAB is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ANAB is up.
ChartMill Relative Strength	78.36	POSITIVE	ANAB has a high relative strength, it outperformed 78.36% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ANAB is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ANAB is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ANAB is above the rising SMA(200).
Relative Strength Index/RSI (14)	66.82	NEUTRAL	The RSI value for ANAB is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.07	POSITIVE	The MACD value suggests ANAB has a positive trend, although the MACD value is declining.
Stochastics (14,3)	77.37	NEUTRAL	The Stochastics value for ANAB is a neutral value.
Average True Range in percent/ATR (20)	6.51	HIGH VOLATILITY	The high ATR as a percentage value for ANAB suggests high volalility.
Average Directional Index/ADX (14)	41.16	POSITIVE	The high ADX value value for ANAB suggests a strong trend.