ARCUTIS BIOTHERAPEUTICS INC (ARQT) Technical Analysis
NASDAQ:ARQT • US03969K1088
Taking everything into account, ARQT scores 2 out of 10 in our technical rating. 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 is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- ARQT has an average volume of 1469330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When comparing the yearly performance of all stocks, we notice that ARQT is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- ARQT is part of the Biotechnology industry. There are 519 other stocks in this industry, ARQT did better than 64% of them.
- ARQT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ARQT is lagging the market.
Although the technical rating is bad, ARQT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 24.00, a Stop Loss order could be placed below this zone.
More info and screens
18.82
2 important support areas can be observed.
- A support zone ranging from 23.60 to 24.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.01 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @24.82 from a horizontal line in the daily time frame.
- Resistance @27.32 from a horizontal line in the weekly time frame.
- Resistance @27.88 from a trend line 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 | NEUTRAL | NEUTRAL | The long term trend for ARQT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ARQT is down. |
| ChartMill Relative Strength | 85.2 | POSITIVE | ARQT has a high relative strength, it outperformed 85.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ARQT is below 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) | 43.39 | NEUTRAL | The RSI value for ARQT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests ARQT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.23 | NEUTRAL | The Stochastics value for ARQT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.09 | HIGH VOLATILITY | The high ATR as a percentage value for ARQT suggests high volalility. |
| Average Directional Index/ADX (14) | 23.84 | NEUTRAL | The ADX value for ARQT suggests a possible start of a new trend. |
ARQT Technicals: Chart, Performance Metrics, Trend & Indicators
24.59
-0.23 (-0.93%)
ARCUTIS BIOTHERAPEUTICS INC / ARQT FAQ
What is the ChartMill technical rating of ARCUTIS BIOTHERAPEUTICS INC (ARQT) stock?
ChartMill assigns a technical rating of 2 / 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 ARQT stock?
ARCUTIS BIOTHERAPEUTICS INC (ARQT) has an RSI value of 43.3862. This indicates that the stock is currently neutral.
What is the MACD signal for ARQT stock?
The MACD indicator for ARCUTIS BIOTHERAPEUTICS INC (ARQT) has a value of -0.189868, indicating a bearish trend.