PACIFIC BIOSCIENCES OF CALIF (PACB) Stock Technical Analysis
NASDAQ:PACB - Nasdaq - US69404D1081 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to PACB. In the past year, PACB was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
PACB has an average volume of 9419710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, PACB turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
PACB is an average performer in the Life Sciences Tools & Services industry, it outperforms 63% of 56 stocks in the same industry.
PACB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PACB is lagging the market.
In the last month PACB has a been trading in the 1.13 - 1.64 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.
PACB has an average technical rating and the quality of the presented setup is also not ideal 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
1.44
1.63
We found 1 important support area.
- A support zone ranging from 1.45 to 1.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- Resistance @1.56 from a trend line in the daily time frame.
- A resistance zone ranging from 1.61 to 1.61. This zone is formed by a combination of multiple trend lines 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 PACB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PACB is up. |
| ChartMill Relative Strength | 48.99 | NEUTRAL | PACB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PACB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PACB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PACB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.74 | NEUTRAL | The RSI value for PACB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PACB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.33 | NEUTRAL | The Stochastics value for PACB is a neutral value. |
| Average True Range in percent/ATR (20) | 7.39 | HIGH VOLATILITY | The high ATR as a percentage value for PACB suggests high volalility. |
| Average Directional Index/ADX (14) | 33.23 | POSITIVE | The high ADX value value for PACB 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)
1.46
-0.01 (-0.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg-0.68%
1 Week-0.68%
2 Weeks13.18%
1 Month23.73%
3 Month24.79%
6 Month-10.98%
12 Month-12.05%
2 Year-88.95%
3 Year-66.59%
5 Year-60.86%
10 Year-74.34%
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%7.39%
ATR Inc-49.64%
Range Today0.05
ADR(20)0.11
ADR(20)%7.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.99
Mansfield-1.41
10 Day High1.64
10 Day Low1.2
20 Day High1.64
20 Day Low1.13
52 Week High2.72
52 Week Low0.85
CS1 End1.45
CR1 Start1.56
Volume & EV
DER(3)2.52%
DER(5)2.61%
Volume3.71M
Volume Incr-54.32%
Vol(5)5.06M
Vol(50)9.42M