ARCUS BIOSCIENCES INC (RCUS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RCUS - US03969F1093 - Common Stock
Overall RCUS gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- RCUS is part of the Biotechnology industry. There are 525 other stocks in this industry. RCUS outperforms 76% of them.
- RCUS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RCUS is lagging the market slightly.
- RCUS has an average volume of 1860820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, RCUS did better than 91% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month RCUS has a been trading in the 20.59 - 24.59 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RCUS has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
20.63
We found 2 important support areas.
- Support @21.60 from a trend line in the daily time frame.
- A support zone ranging from 20.84 to 21.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- Resistance @24.56 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 | UP | POSITIVE | The long term trend for RCUS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RCUS is neutral. |
| ChartMill Relative Strength | 91.27 | POSITIVE | RCUS has a high relative strength, it outperformed 91.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RCUS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RCUS is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RCUS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.81 | NEUTRAL | The RSI value for RCUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests RCUS has a negative trend. |
| Stochastics (14,3) | 53.17 | NEUTRAL | The Stochastics value for RCUS is a neutral value. |
| Average True Range in percent/ATR (20) | 5.95 | HIGH VOLATILITY | The high ATR as a percentage value for RCUS suggests high volalility. |
| Average Directional Index/ADX (14) | 17.12 | NEGATIVE | The low ADX value for RCUS suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 22.13 | 21.59 | 0.54 (2.44%) | 25.00% |
| An entry @22.13. This is a Buy Stop order right above the 10 day moving average. | An exit @21.59. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.54 points, which is 2.44%. | For a 0.61% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of RCUS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
21.8
+0.01 (+0.05%)
ARCUS BIOSCIENCES INC / RCUS FAQ
What is the ChartMill technical rating of ARCUS BIOSCIENCES INC (RCUS) stock?
ChartMill assigns a technical rating of 6 / 10 to RCUS.
What is the trend direction for RCUS stock?
The current trend direction for ARCUS BIOSCIENCES INC (RCUS) is Bullish.
What is the RSI signal for RCUS stock?
ARCUS BIOSCIENCES INC (RCUS) has an RSI value of 46.8091. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ARCUS BIOSCIENCES INC?
The MACD indicator for ARCUS BIOSCIENCES INC (RCUS) has a value of -0.0808105, indicating a bearish trend.
What is the support and resistance level for RCUS stock?
ARCUS BIOSCIENCES INC (RCUS) has a support level at 21.6 and a resistance level at 24.56. Check the full technical report for our detailed analysis of RCUS support and resistance levels.