PACIFIC BIOSCIENCES OF CALIF (PACB) Technical Analysis
NASDAQ:PACB • US69404D1081
Current stock price
PACB Technical Rating and Analysis
Taking everything into account, PACB scores 4 out of 10 in our technical rating. PACB has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month PACB has a been trading in the 1.23 - 1.80 range, which is quite wide. It is currently trading near the high of this range.
- PACB has an average volume of 5957420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, PACB outperforms 60% of them, which is more or less in line with the market.
- PACB is an average performer in the Life Sciences Tools & Services industry, it outperforms 69% 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
PACB Weekly and Daily overview Charts
PACB Setup Rating and Analysis
PACB 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
PACB Support and Resistance Analysis
1.26
We found 1 important support area.
- A support zone ranging from 1.27 to 1.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @1.72 from a horizontal line in the weekly time frame.
- Resistance @1.75 from a horizontal line in the daily time frame.
- Resistance @2.63 from a horizontal line in the daily time frame.
PACB Technical Indicator Signal Analysis
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 | 60.65 | 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) | DOWN | MIXED | The current price of PACB is above 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) | 64.25 | NEUTRAL | The RSI value for PACB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests PACB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.05 | OVERBOUGHT | The high Stochastics value suggests PACB may be overbought. |
| Average True Range in percent/ATR (20) | 6.08 | HIGH VOLATILITY | The high ATR as a percentage value for PACB suggests high volalility. |
| Average Directional Index/ADX (14) | 24.23 | NEUTRAL | The ADX value for PACB suggests a possible start of a new trend. |
PACB Chart- and CandleStick Pattern Analysis
PACB Technicals: Chart, Performance Metrics, Trend & Indicators
1.71
-0.02 (-1.16%)
PACIFIC BIOSCIENCES OF CALIF / PACB TA FAQ
What is the ChartMill technical rating of PACIFIC BIOSCIENCES OF CALIF (PACB) stock?
ChartMill assigns a technical rating of 4 / 10 to PACB.
What is the current trend direction of PACIFIC BIOSCIENCES OF CALIF (PACB) stock?
The current trend direction for PACIFIC BIOSCIENCES OF CALIF (PACB) is Bearish.
What is the RSI signal for PACB stock?
PACIFIC BIOSCIENCES OF CALIF (PACB) has an RSI value of 64.2509. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for PACIFIC BIOSCIENCES OF CALIF?
PACIFIC BIOSCIENCES OF CALIF (PACB) has a support level at 1.29 and a resistance level at 1.72. Check the full technical report for our detailed analysis of PACB support and resistance levels.