ANEBULO PHARMACEUTICALS INC (ANEB) Stock Technical Analysis
NASDAQ:ANEB - Nasdaq - US0345691036 - Common Stock - Currency: USD
Overall ANEB gets a technical rating of 1 out of 10. ANEB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, ANEB is a bad performer in the overall market: 95% of all stocks are doing better.
ANEB is one of the lesser performing stocks in the Pharmaceuticals industry. 76% of 195 stocks in the same industry do better.
ANEB 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.
Warning: ANEB has an average volume of 13530 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month ANEB has a been trading in the 0.97 - 1.18 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, ANEB does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.12. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ANEB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.93
1.72
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1.06 to 1.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 0.99 to 1.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.97 from a horizontal line in the weekly time frame.
- Support @0.94 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.12 to 1.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.55 from a trend line in the daily time frame.
- Resistance @1.70 from a horizontal line in the weekly 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 ANEB is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ANEB is neutral. |
| ChartMill Relative Strength | 5.05 | NEGATIVE | ANEB has a low relative strength, it was outperformed by 94.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ANEB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ANEB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ANEB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.7 | NEUTRAL | The RSI value for ANEB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ANEB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.09 | NEUTRAL | The Stochastics value for ANEB is a neutral value. |
| Average True Range in percent/ATR (20) | 6.83 | HIGH VOLATILITY | The high ATR as a percentage value for ANEB suggests high volalility. |
| Average Directional Index/ADX (14) | 27.42 | POSITIVE | The high ADX value value for ANEB suggests a strong trend. |
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)
1.09
-0.01 (-0.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-0.91%
1 Week0.93%
2 Weeks-3.54%
1 Month11.22%
3 Month-36.26%
6 Month-22.14%
12 Month-48.1%
2 Year-53.62%
3 Year-79.04%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%6.83%
ATR Inc33.11%
Range Today0.12
ADR(20)0.07
ADR(20)%6.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.05
Mansfield-3.73
10 Day High1.18
10 Day Low1
20 Day High1.18
20 Day Low0.97
52 Week High3.08
52 Week Low0.8
CS1 End1.08
CR1 Start1.12
Volume & EV
DER(3)5.2%
DER(5)0.55%
Volume6.20K
Volume Incr-62.79%
Vol(5)4.38K
Vol(50)13.53K