APS Technical Analysis - APTOSE BIOSCIENCES INC

Technical Rating and Analysis

Taking everything into account, APS scores 1 out of 10 in our technical rating. APS'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 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, APS is a bad performer in the overall market: 100% of all stocks are doing better.

APS is one of the lesser performing stocks in the Biotechnology industry. 90% of 23 stocks in the same industry do better.

APS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

Warning: APS has an average volume of 3144 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

In the last month APS has a been trading in the 1.50 - 1.76 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

APTOSE BIOSCIENCES INC / APS Weekly stock chart

APTOSE BIOSCIENCES INC / APS Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, APS does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.73. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.51

2.47

When analyzing the support we can see 2 important areas.

Support @1.57 from a horizontal line in the weekly time frame.
Support @1.53 from a horizontal line in the daily time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 1.73 to 1.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @2.45 from a horizontal line in the daily 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	DOWN	NEGATIVE	The long term trend for APS.CA is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for APS.CA is neutral.
ChartMill Relative Strength	0.76	NEGATIVE	APS.CA has a low relative strength, it was outperformed by 99.24% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of APS.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of APS.CA is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of APS.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	51.8	NEUTRAL	The RSI value for APS.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests APS.CA has a positive trend.
Stochastics (14,3)	44.87	NEUTRAL	The Stochastics value for APS.CA is a neutral value.
Average True Range in percent/ATR (20)	5.8	HIGH VOLATILITY	The high ATR as a percentage value for APS.CA suggests high volalility.
Average Directional Index/ADX (14)	20.85	NEUTRAL	The ADX value for APS.CA suggests a possible start of a new trend.