Taking everything into account, PACB scores 7 out of 10 in our technical rating. In the last year, PACB was one of the better performers, but we do observe some doubts in the very recent evolution.
Although PACB 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.
More info and screens
1.18
When analyzing the support we can see 3 important areas.
- Support @1.79 from a trend line in the daily time frame.
- A support zone ranging from 1.39 to 1.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.19 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @2.34 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 | UP | POSITIVE | The long term trend for PACB is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PACB is down. |
| ChartMill Relative Strength | 85.44 | POSITIVE | PACB has a high relative strength, it outperformed 85.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PACB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PACB is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PACB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.33 | NEUTRAL | The RSI value for PACB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests PACB has a negative trend. |
| Stochastics (14,3) | 3.94 | OVERSOLD | The low Stochastics value suggests PACB may be oversold. |
| Average True Range in percent/ATR (20) | 11.21 | HIGH VOLATILITY | The high ATR as a percentage value for PACB suggests high volalility. |
| Average Directional Index/ADX (14) | 22.68 | NEUTRAL | The ADX value for PACB suggests a possible start of a new trend. |
1.88
-0.05 (-2.59%)
PACIFIC BIOSCIENCES OF CALIF / PACB FAQ
What is the ChartMill technical rating of PACIFIC BIOSCIENCES OF CALIF (PACB) stock?
ChartMill assigns a technical rating of 7 / 10 to PACB.
What is the trend direction for PACB stock?
The current trend direction for PACIFIC BIOSCIENCES OF CALIF (PACB) is Bullish.
Can you provide the RSI signal for PACIFIC BIOSCIENCES OF CALIF?
PACIFIC BIOSCIENCES OF CALIF (PACB) has an RSI value of 41.3305. This indicates that the stock is currently neutral.
What is the MACD signal for PACIFIC BIOSCIENCES OF CALIF (PACB) stock?
The MACD indicator for PACIFIC BIOSCIENCES OF CALIF (PACB) has a value of -0.0719723, indicating a bearish trend.
What is the buy/sell signal for PACIFIC BIOSCIENCES OF CALIF (PACB) stock?
The buy/sell signal for PACIFIC BIOSCIENCES OF CALIF (PACB) is hold as the short term and long term trends are mixed.