ARCUTIS BIOTHERAPEUTICS INC (ARQT) Stock Technical Analysis
NASDAQ:ARQT - Nasdaq - US03969K1088 - Common Stock - Currency: USD
We assign a technical rating of 8 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 term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
ARQT is one of the better performing stocks in the Biotechnology industry, it outperforms 78% of 556 stocks in the same industry.
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 1834790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ARQT is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month ARQT has a been trading in the 13.06 - 15.96 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. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 15.74. Right above this resistance zone may be a good entry point.
More info and screens
12.90
16.07
4 important support areas can be observed.
- A support zone ranging from 14.56 to 14.72. 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 14.12 to 14.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.71 to 13.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 13.03 to 13.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 15.74 to 15.91. This zone is formed by a combination of multiple trend lines in the daily 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 | UP | POSITIVE | The long term trend for ARQT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARQT is neutral. |
| ChartMill Relative Strength | 82.42 | POSITIVE | ARQT has a high relative strength, it outperformed 82.42% 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) | 53.7 | NEUTRAL | The RSI value for ARQT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ARQT has a negative trend. |
| Stochastics (14,3) | 62.99 | NEUTRAL | The Stochastics value for ARQT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.9 | MEDIUM VOLATILITY | The ATR as a percentage value for ARQT suggests some volalility. |
| Average Directional Index/ADX (14) | 11.83 | 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 |
|---|---|---|---|
| 15.92 | 14.55 | 1.37 (8.61%) | 11.62% |
| An entry @15.92. This is a Buy Stop order right above the resistance zone. | An exit @14.55. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.37 points, which is 8.61%. | When investing 11.62% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
14.86
-0.16 (-1.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.07%
1 Week1.3%
2 Weeks-1%
1 Month3.19%
3 Month1.71%
6 Month7.29%
12 Month47.57%
2 Year36.21%
3 Year-38.75%
5 Year-44.34%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.78
ATR(20)%4.9%
ATR Inc-24.07%
Range Today0.77
ADR(20)0.72
ADR(20)%4.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.42
Mansfield0.81
10 Day High15.97
10 Day Low14.1
20 Day High15.97
20 Day Low13.06
52 Week High17.75
52 Week Low7.86
CS1 End14.72
CR1 Start15.74
Volume & EV
DER(3)-0.17%
DER(5)-0.75%
Volume1.67M
Volume Incr-29.19%
Vol(5)1.31M
Vol(50)1.83M