ARCUTIS BIOTHERAPEUTICS INC (ARQT) Stock Technical Analysis
USA - NASDAQ:ARQT - US03969K1088 - Common Stock
Overall ARQT gets a technical rating of 10 out of 10. 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.
Although ARQT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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14.95
When analyzing the support we can see 5 important areas.
- A support zone ranging from 24.01 to 24.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.83 from a trend line in the daily time frame.
- Support @19.11 from a trend line in the daily time frame.
- Support @16.39 from a trend line in the weekly time frame.
- Support @15.10 from a trend line in the weekly time frame.
We found 1 important resistance 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 | UP | POSITIVE | The short term trend for ARQT is up. |
| ChartMill Relative Strength | 96.53 | POSITIVE | ARQT has a high relative strength, it outperformed 96.53% 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) | 61.57 | NEUTRAL | The RSI value for ARQT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests ARQT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.45 | NEUTRAL | The Stochastics value for ARQT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.74 | HIGH VOLATILITY | The high ATR as a percentage value for ARQT suggests high volalility. |
| Average Directional Index/ADX (14) | 45.94 | POSITIVE | The high ADX value value for ARQT suggests a strong trend. |
24.23
-0.87 (-3.47%)
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 61.5653. This indicates that the stock is currently neutral.
What is the buy/sell signal for ARCUTIS BIOTHERAPEUTICS INC (ARQT) stock?
The buy/sell signal for ARCUTIS BIOTHERAPEUTICS INC (ARQT) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for ARCUTIS BIOTHERAPEUTICS INC (ARQT) stock?
ARCUTIS BIOTHERAPEUTICS INC (ARQT) has a support level at 24.22 and a resistance level at 25.31. Check the full technical report for our detailed analysis of ARQT support and resistance levels.