PACIFIC BIOSCIENCES OF CALIF (PACB) Stock Technical Analysis
NASDAQ:PACB • US69404D1081
Overall PACB gets a technical rating of 0 out of 10. PACB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, PACB is a bad performer in the overall market: 66% of all stocks are doing better.
- In the last month PACB has a been trading in the 1.65 - 2.73 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.
- PACB is part of the Life Sciences Tools & Services industry. There are 58 other stocks in this industry. PACB outperforms 73% of them.
- PACB has an average volume of 7497560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- 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.
The technical rating of PACB is bad and it also does not present a 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
1.18
4 important support areas can be observed.
- A support zone ranging from 1.70 to 1.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.54 from a trend line in the daily time frame.
- Support @1.51 from a trend line in the weekly time frame.
- Support @1.19 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.71 to 1.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 1.85 to 1.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.63 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 | NEUTRAL | NEUTRAL | The long term trend for PACB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PACB is down. |
| ChartMill Relative Strength | 34.01 | NEUTRAL | PACB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PACB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PACB is below a declining 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) | 35.83 | NEUTRAL | The RSI value for PACB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests PACB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.98 | OVERSOLD | The low Stochastics value suggests PACB may be oversold. |
| Average True Range in percent/ATR (20) | 11.16 | HIGH VOLATILITY | The high ATR as a percentage value for PACB suggests high volalility. |
| Average Directional Index/ADX (14) | 25.02 | POSITIVE | The high ADX value value for PACB suggests a strong trend. |
1.71
-0.13 (-7.07%)
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 0 / 10 to PACB.
Can you provide the trend direction for PACIFIC BIOSCIENCES OF CALIF?
The current trend direction for PACIFIC BIOSCIENCES OF CALIF (PACB) is Bearish.
What is the RSI signal for PACIFIC BIOSCIENCES OF CALIF (PACB) stock?
PACIFIC BIOSCIENCES OF CALIF (PACB) has an RSI value of 35.828. This indicates that the stock is currently neutral.
What is the MACD signal for PACB stock?
The MACD indicator for PACIFIC BIOSCIENCES OF CALIF (PACB) has a value of -0.0576035, indicating a bearish trend.
Can you provide the short term momentum for PACIFIC BIOSCIENCES OF CALIF?
The short term momentum for PACIFIC BIOSCIENCES OF CALIF (PACB) is negative.