ARCUTIS BIOTHERAPEUTICS INC (ARQT) Stock Technical Analysis
NASDAQ:ARQT - US03969K1088 - Common Stock
15.985 USD
+0.2 (+1.23%)
16.05 USD
+0.07 (+0.41%)
We assign a technical rating of 10 out of 10 to ARQT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ARQT is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, ARQT did better than 89% of all other stocks. We also observe that the gains produced by ARQT over the past year are nicely spread over this period.
ARQT is part of the Biotechnology industry. There are 547 other stocks in this industry. ARQT outperforms 81% of them.
ARQT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ARQT is lagging the market slightly.
ARQT has an average volume of 1782750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ARQT has a been trading in the 13.70 - 17.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ARQT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 14.86, a Stop Loss order could be placed below this zone.
More info and screens
12.91
17.47
4 important support areas can be observed.
- A support zone ranging from 14.70 to 14.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.12 to 14.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.67 from a trend line in the daily time frame.
- Support @13.04 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @16.60 from a horizontal line in the daily time frame.
- A resistance zone ranging from 17.02 to 17.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 ARQT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARQT is up. |
| ChartMill Relative Strength | 89.67 | POSITIVE | ARQT has a high relative strength, it outperformed 89.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARQT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARQT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARQT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.88 | NEUTRAL | The RSI value for ARQT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ARQT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.08 | NEUTRAL | The Stochastics value for ARQT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.4 | HIGH VOLATILITY | The high ATR as a percentage value for ARQT suggests high volalility. |
| Average Directional Index/ADX (14) | 15.23 | NEGATIVE | The low ADX value for ARQT suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 16.61 | 14.69 | 1.92 (11.56%) | 8.65% |
| An entry @16.61. This is a Buy Stop order right above the resistance zone. | An exit @14.69. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.92 points, which is 11.56%. | For a 1.00% total portfolio risk, you can invest 8.65% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
15.985
+0.2 (+1.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.23%
1 Week-5.36%
2 Weeks8.23%
1 Month7.57%
3 Month14.34%
6 Month22.77%
12 Month62.61%
2 Year87.18%
3 Year-40.69%
5 Year-36.24%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.99
ATR(20)%5.4%
ATR Inc-30.64%
Range Today0.84
ADR(20)0.85
ADR(20)%5.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.67
Mansfield1.19
10 Day High17.29
10 Day Low14.03
20 Day High17.29
20 Day Low13.7
52 Week High17.75
52 Week Low8.03
CS1 End14.86
CR1 Start16.6
Volume & EV
DER(3)1.11%
DER(5)0.25%
Volume1.41M
Volume Incr-28.47%
Vol(5)1.29M
Vol(50)1.78M