ARTELO BIOSCIENCES INC (ARTL) Stock Technical Analysis
NASDAQ:ARTL - Nasdaq - US04301G5080 - Common Stock - Currency: USD
Taking everything into account, ARTL scores 6 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
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.
In the last month ARTL has a been trading in the 8.75 - 28.46 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
ARTL is part of the Pharmaceuticals industry. There are 193 other stocks in this industry. ARTL outperforms 78% of them.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Looking at the yearly performance, ARTL did better than 87% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Considerably lower volume is observed in the last couple of days.
ARTL has an average technical rating and it also does not offer a high quality setup 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.
More info and screens
6.18
9.12
3 important support areas can be observed.
- A support zone ranging from 8.99 to 9.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.36 from a trend line in the daily time frame.
- Support @6.24 from a horizontal 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 | UP | POSITIVE | The long term trend for ARTL is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ARTL is down. |
| ChartMill Relative Strength | 87.45 | POSITIVE | ARTL has a high relative strength, it outperformed 87.45% 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) | 39.11 | NEUTRAL | The RSI value for ARTL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.9 | NEGATIVE | The MACD value suggests ARTL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 3.09 | OVERSOLD | The low Stochastics value suggests ARTL may be oversold. |
| Average True Range in percent/ATR (20) | 21.83 | HIGH VOLATILITY | The high ATR as a percentage value for ARTL suggests high volalility. |
| Average Directional Index/ADX (14) | 27.76 | POSITIVE | The high ADX value value for ARTL 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)
9.03
+0.03 (+0.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.33%
1 Week-23.86%
2 Weeks-34.37%
1 Month-68.32%
3 Month47.55%
6 Month13.16%
12 Month18.5%
2 Year-20.79%
3 Year-60.91%
5 Year-89.55%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.37
ATR(20)%21.83%
ATR Inc-56.51%
Range Today0.34
ADR(20)1.95
ADR(20)%21.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.45
Mansfield1.39
10 Day High14.27
10 Day Low8.75
20 Day High28.46
20 Day Low8.75
52 Week High28.6
52 Week Low4.92
CS1 End9.02
CR1 StartN/A
Volume & EV
DER(3)0.76%
DER(5)0.15%
Volume13.93K
Volume Incr-40.71%
Vol(5)337.86K
Vol(50)848.35K