180 LIFE SCIENCES CORP (ATNF) Stock Technical Analysis
NASDAQ:ATNF - Nasdaq - US68236V3024 - Common Stock - Currency: USD
Overall ATNF gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. ATNF was also a bad performer in the overall market in the last year.
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, ATNF is a bad performer in the overall market: 83% of all stocks are doing better.
ATNF 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 ATNF is lagging the market.
In the last month ATNF has a been trading in the 0.83 - 1.47 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ATNF is an average performer in the Biotechnology industry, it outperforms 62% of 560 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, ATNF does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for ATNF 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
0.93
1.27
We found 1 important support area.
- A support zone ranging from 0.94 to 0.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 1.10 to 1.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.18 from a horizontal line in the daily time frame.
- Resistance @1.20 from a horizontal line in the weekly time frame.
- Resistance @1.26 from a trend 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 | DOWN | NEGATIVE | The long term trend for ATNF is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ATNF is neutral. |
| ChartMill Relative Strength | 17.85 | NEGATIVE | ATNF has a low relative strength, it was outperformed by 82.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ATNF is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ATNF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ATNF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.16 | NEUTRAL | The RSI value for ATNF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ATNF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.09 | NEUTRAL | The Stochastics value for ATNF is a neutral value. |
| Average True Range in percent/ATR (20) | 14.3 | HIGH VOLATILITY | The high ATR as a percentage value for ATNF suggests high volalility. |
| Average Directional Index/ADX (14) | 38.53 | POSITIVE | The high ADX value value for ATNF 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)
1.09
+0.15 (+15.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg15.7%
1 Week-5.22%
2 Weeks-0.91%
1 Month23.16%
3 Month-6.84%
6 Month-51.12%
12 Month-32.72%
2 Year-94.97%
3 Year-99.82%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%14.3%
ATR Inc16.22%
Range Today0.16
ADR(20)0.15
ADR(20)%13.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.85
Mansfield-3.98
10 Day High1.27
10 Day Low0.93
20 Day High1.47
20 Day Low0.83
52 Week High17.75
52 Week Low0.66
CS1 End0.94
CR1 Start1.1
Volume & EV
DER(3)8.06%
DER(5)-1%
Volume105.10K
Volume Incr-73.27%
Vol(5)63.36K
Vol(50)158.80K