Taking everything into account, ABCL scores 0 out of 10 in our technical rating. ABCL'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.
ABCL has a poor technical rating and the quality of the setup is also not perfect 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
3.32
We can see 2 important resistance areas.
- Resistance @3.50 from a trend line in the daily time frame.
- A resistance zone ranging from 3.74 to 3.78. 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 | DOWN | NEGATIVE | The long term trend for ABCL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABCL is down. |
| ChartMill Relative Strength | 30.93 | NEUTRAL | ABCL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABCL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ABCL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ABCL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.66 | NEUTRAL | The RSI value for ABCL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ABCL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 12.37 | OVERSOLD | The low Stochastics value suggests ABCL may be oversold. |
| Average True Range in percent/ATR (20) | 6.17 | HIGH VOLATILITY | The high ATR as a percentage value for ABCL suggests high volalility. |
| Average Directional Index/ADX (14) | 26.6 | POSITIVE | The high ADX value value for ABCL suggests a strong trend. |
3.35
-0.11 (-3.18%)
ABCELLERA BIOLOGICS INC / ABCL FAQ
What is the ChartMill technical rating of ABCELLERA BIOLOGICS INC (ABCL) stock?
ChartMill assigns a technical rating of 0 / 10 to ABCL.
What is the current trend direction of ABCELLERA BIOLOGICS INC (ABCL) stock?
The current trend direction for ABCELLERA BIOLOGICS INC (ABCL) is Bearish.
Can you provide the RSI signal for ABCELLERA BIOLOGICS INC?
ABCELLERA BIOLOGICS INC (ABCL) has an RSI value of 33.6633. This indicates that the stock is currently neutral.
What is the short term momentum for ABCL stock?
The short term momentum for ABCELLERA BIOLOGICS INC (ABCL) is negative.
What are the support and resistance levels for ABCELLERA BIOLOGICS INC (ABCL) stock?
ABCELLERA BIOLOGICS INC (ABCL) has a resistance level at 3.5. Check the full technical report for our detailed analysis of ABCL support and resistance levels.