ARTELO BIOSCIENCES INC (ARTL) Stock Technical Analysis
NASDAQ:ARTL - US04301G5080 - Common Stock
9.25 USD
+0.21 (+2.32%)
9.37 USD
+0.12 (+1.3%)
Overall ARTL gets a technical rating of 4 out of 10. ARTL was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
ARTL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
ARTL is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 73% of 194 stocks in the same industry.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
Looking at the yearly performance, ARTL did better than 87% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month ARTL has a been trading in the 8.20 - 10.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, ARTL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 9.96. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ARTL 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
6.18
10.24
4 important support areas can be observed.
- Support @8.95 from a trend line in the weekly time frame.
- A support zone ranging from 8.34 to 8.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.65 from a trend line in the daily time frame.
- Support @6.24 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.96 to 10.14. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for ARTL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ARTL is down. |
| ChartMill Relative Strength | 87.15 | POSITIVE | ARTL has a high relative strength, it outperformed 87.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ARTL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ARTL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARTL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.36 | NEUTRAL | The RSI value for ARTL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ARTL has a positive trend. |
| Stochastics (14,3) | 32.32 | NEUTRAL | The Stochastics value for ARTL is a neutral value. |
| Average True Range in percent/ATR (20) | 8.11 | HIGH VOLATILITY | The high ATR as a percentage value for ARTL suggests high volalility. |
| Average Directional Index/ADX (14) | 12.33 | NEGATIVE | The low ADX value for ARTL 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)
9.25
+0.21 (+2.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg2.32%
1 Week-1.07%
2 Weeks-7.68%
1 Month-9.31%
3 Month46.83%
6 Month44.08%
12 Month18.59%
2 Year-18.86%
3 Year-59.96%
5 Year-89.29%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.64
ATR(20)%8.11%
ATR Inc-57.42%
Range Today0.36
ADR(20)0.72
ADR(20)%7.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.15
Mansfield1.4
10 Day High10.55
10 Day Low8.5
20 Day High10.58
20 Day Low8.2
52 Week High28.6
52 Week Low4.92
CS1 End8.95
CR1 Start9.96
Volume & EV
DER(3)4.31%
DER(5)0.4%
Volume13.60K
Volume Incr-51.43%
Vol(5)60.54K
Vol(50)834.78K