ARTELO BIOSCIENCES INC (ARTL) Technical Analysis
NASDAQ:ARTL • US04301G6070
Current stock price
3.76 USD
-0.14 (-3.59%)
At close:
3.8475 USD
+0.09 (+2.33%)
After Hours:
ARTL Technical Rating and Analysis
Taking everything into account, ARTL scores 1 out of 10 in our technical rating. ARTL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, ARTL is a bad performer in the overall market: 97% of all stocks are doing better.
- ARTL is part of the Pharmaceuticals industry. There are 193 other stocks in this industry, of which 78% are performing better than ARTL.
- ARTL is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ARTL is lagging the market.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- In the last month ARTL has a been trading in the 3.15 - 4.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ARTL Weekly and Daily overview Charts
ARTL Setup Rating and Analysis
Although the technical rating is bad, ARTL 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.
More info and screens
ARTL Support and Resistance Analysis
3.72
5.08
3 important resistance areas can be observed.
- Resistance @4.15 from a horizontal line in the daily time frame.
- A resistance zone ranging from 4.80 to 4.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.03 from a trend line in the daily time frame.
ARTL 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 | DOWN | NEGATIVE | The long term trend for ARTL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARTL is neutral. |
| ChartMill Relative Strength | 3.96 | NEGATIVE | ARTL has a low relative strength, it was outperformed by 96.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ARTL is above 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) | DOWN | NEGATIVE | The current price of ARTL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.81 | NEUTRAL | The RSI value for ARTL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests ARTL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.49 | NEUTRAL | The Stochastics value for ARTL is a neutral value. |
| Average True Range in percent/ATR (20) | 12 | HIGH VOLATILITY | The high ATR as a percentage value for ARTL suggests high volalility. |
| Average Directional Index/ADX (14) | 16.15 | NEGATIVE | The low ADX value for ARTL suggests a weak or negative trend. |
ARTL Chart- and CandleStick Pattern Analysis
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)
ARTL Technicals: Chart, Performance Metrics, Trend & Indicators
3.76
-0.14 (-3.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-3.59%
1 Week9.94%
2 Weeks5.32%
1 Month-3.02%
3 Month-35.73%
6 Month-76.4%
12 Month-78.24%
2 Year-85.89%
3 Year-91%
5 Year-99.15%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%12%
ATR Inc-8.25%
Range Today0.3
ADR(20)0.44
ADR(20)%11.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.96
3 months CRS8.88
6 months CRS2.76
Mansfield-7.75
10 Day High4.41
10 Day Low3.15
20 Day High4.5
20 Day Low3.15
52 Week High85.8
52 Week Low3.15
CS1 EndN/A
CR1 Start4.15
Volume & EV
DER(3)-10.18%
DER(5)-3.84%
Volume22.20K
Volume Incr221.13%
Vol(5)107.66K
Vol(50)62.92K
ARTELO BIOSCIENCES INC / ARTL TA FAQ
What is the ChartMill technical rating of ARTELO BIOSCIENCES INC (ARTL) stock?
ChartMill assigns a technical rating of 1 / 10 to ARTL.
Can you provide the trend direction for ARTELO BIOSCIENCES INC?
The current trend direction for ARTELO BIOSCIENCES INC (ARTL) is Bearish.
What is the RSI signal for ARTELO BIOSCIENCES INC (ARTL) stock?
ARTELO BIOSCIENCES INC (ARTL) has an RSI value of 46.8077. This indicates that the stock is currently neutral.
What is the MACD signal for ARTL stock?
The MACD indicator for ARTELO BIOSCIENCES INC (ARTL) has a value of 0.0798856, indicating a bearish trend.
What is the short term momentum for ARTELO BIOSCIENCES INC (ARTL) stock?
The short term momentum for ARTELO BIOSCIENCES INC (ARTL) is neutral.