ARCUTIS BIOTHERAPEUTICS INC (ARQT) Stock Technical Analysis
USA - NASDAQ:ARQT - US03969K1088 - Common Stock
25 USD
+2.14 (+9.36%)
25.17 USD
+0.17 (+0.68%)
We assign a technical rating of 10 out of 10 to ARQT. Both in the recent history as in the last year, ARQT has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, ARQT did better than 97% of all other stocks. On top of that, ARQT also shows a nice and consistent pattern of rising prices.
ARQT is part of the Biotechnology industry. There are 533 other stocks in this industry. ARQT outperforms 91% 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 2274450 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 19.60 - 27.08 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, but the quality of the setup is only medium at the moment. Prices have been consolidating lately.
More info and screens
15.04
25.56
We found 5 important support areas.
- A support zone ranging from 22.86 to 23.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @21.49 from a trend line in the daily time frame.
- Support @19.49 from a trend line in the daily time frame.
- Support @16.54 from a trend line in the weekly time frame.
- Support @15.19 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.31 to 25.31. 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 | NEUTRAL | NEUTRAL | The short term trend for ARQT is neutral. |
| ChartMill Relative Strength | 97.11 | POSITIVE | ARQT has a high relative strength, it outperformed 97.11% 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) | 61.98 | NEUTRAL | The RSI value for ARQT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests ARQT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.38 | NEUTRAL | The Stochastics value for ARQT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.92 | HIGH VOLATILITY | The high ATR as a percentage value for ARQT suggests high volalility. |
| Average Directional Index/ADX (14) | 43.08 | POSITIVE | The high ADX value value for ARQT suggests a strong 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)
25
+2.14 (+9.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg9.36%
1 Week3.18%
2 Weeks-1.22%
1 Month19.73%
3 Month48.02%
6 Month77.18%
12 Month169.98%
2 Year1258.7%
3 Year45.1%
5 Year-7.82%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.81
ATR(20)%5.92%
ATR Inc20.88%
Range Today2.94
ADR(20)1.35
ADR(20)%5.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.11
3 months CRS95.52
6 months CRS94.04
Mansfield4.8
10 Day High25.43
10 Day Low22.26
20 Day High27.08
20 Day Low19.6
52 Week High27.08
52 Week Low8.9
CS1 End23.16
CR1 Start25.31
Volume & EV
DER(3)0.61%
DER(5)0.45%
Volume3.95M
Volume Incr-7.65%
Vol(5)2.42M
Vol(50)2.27M
ARCUTIS BIOTHERAPEUTICS INC / ARQT FAQ
Can you provide the ChartMill technical rating for ARCUTIS BIOTHERAPEUTICS INC?
ChartMill assigns a technical rating of 10 / 10 to ARQT.
What is the current trend direction of ARCUTIS BIOTHERAPEUTICS INC (ARQT) stock?
The current trend direction for ARCUTIS BIOTHERAPEUTICS INC (ARQT) is Bullish.
What is the RSI signal for ARQT stock?
ARCUTIS BIOTHERAPEUTICS INC (ARQT) has an RSI value of 61.9768. This indicates that the stock is currently neutral.
What are the support and resistance levels for ARCUTIS BIOTHERAPEUTICS INC (ARQT) stock?
ARCUTIS BIOTHERAPEUTICS INC (ARQT) has a support level at 23.16 and a resistance level at 25.31. Check the full technical report for our detailed analysis of ARQT support and resistance levels.