ARCUTIS BIOTHERAPEUTICS INC (ARQT) Technical Analysis
NASDAQ:ARQT • US03969K1088
Current stock price
ARQT Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to ARQT. Although ARQT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- ARQT has an average volume of 1361600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the yearly performance of all stocks, we notice that ARQT is one of the better performing stocks in the market, outperforming 76% of all stocks. However, we also see that ARQT couldn't keep up this performance in the last couple of months.
- ARQT is part of the Biotechnology industry. There are 517 other stocks in this industry, ARQT did better than 56% of them.
- ARQT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ARQT is lagging the market slightly.
- In the last month ARQT has a been trading in the 21.12 - 25.53 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ARQT Weekly and Daily overview Charts
ARQT Setup Rating and Analysis
Although the technical rating is bad, ARQT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for ARQT 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
ARQT Support and Resistance Analysis
19.26
2 important support areas can be observed.
- A support zone ranging from 21.22 to 21.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.45 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 24.10 to 24.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @26.99 from a trend line in the daily time frame.
ARQT 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 | NEUTRAL | NEUTRAL | The long term trend for ARQT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARQT is neutral. |
| ChartMill Relative Strength | 76.07 | POSITIVE | ARQT has a high relative strength, it outperformed 76.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ARQT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ARQT is below a declining 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) | 50.27 | NEUTRAL | The RSI value for ARQT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests ARQT has a positive trend. |
| Stochastics (14,3) | 85.59 | OVERBOUGHT | The high Stochastics value suggests ARQT may be overbought. |
| Average True Range in percent/ATR (20) | 4.36 | MEDIUM VOLATILITY | The ATR as a percentage value for ARQT suggests some volalility. |
| Average Directional Index/ADX (14) | 26.57 | POSITIVE | The high ADX value value for ARQT suggests a strong trend. |
ARQT Chart- and CandleStick Pattern Analysis
ARQT Technicals: Chart, Performance Metrics, Trend & Indicators
23.63
-0.47 (-1.95%)
ARCUTIS BIOTHERAPEUTICS INC / ARQT TA FAQ
What is the ChartMill technical rating of ARCUTIS BIOTHERAPEUTICS INC (ARQT) stock?
ChartMill assigns a technical rating of 3 / 10 to ARQT.
What is the trend direction for ARQT stock?
The current trend direction for ARCUTIS BIOTHERAPEUTICS INC (ARQT) is Bearish.
What is the RSI signal for ARCUTIS BIOTHERAPEUTICS INC (ARQT) stock?
ARCUTIS BIOTHERAPEUTICS INC (ARQT) has an RSI value of 50.2653. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ARCUTIS BIOTHERAPEUTICS INC?
The short term momentum for ARCUTIS BIOTHERAPEUTICS INC (ARQT) is neutral.
What is the support and resistance level for ARQT stock?
ARCUTIS BIOTHERAPEUTICS INC (ARQT) has a support level at 21.4 and a resistance level at 24.1. Check the full technical report for our detailed analysis of ARQT support and resistance levels.