ARBUTUS BIOPHARMA CORP (ABUS) Stock Technical Analysis
NASDAQ:ABUS - Nasdaq - CA03879J1003 - Common Stock - Currency: USD
Taking everything into account, ABUS scores 3 out of 10 in our technical rating. Although ABUS is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
ABUS is one of the better performing stocks in the Biotechnology industry, it outperforms 83% of 568 stocks in the same industry.
ABUS has an average volume of 1094580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, ABUS did better than 86% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
ABUS is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month ABUS has a been trading in the 2.70 - 3.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ABUS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 3.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.31, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ABUS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
3.10
3.63
We found 2 important support areas.
- A support zone ranging from 3.19 to 3.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.13 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 3.36 to 3.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 3.51 to 3.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.59 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.48
Mansfield-0.14
10 Day High3.35
10 Day Low3
20 Day High3.61
20 Day Low2.7
52 Week High4.72
52 Week Low2.63
Performance
1 Week9.15%
2 Weeks5.36%
1 Month-0.3%
3 Month0.6%
6 Month-15.87%
12 Month22.34%
2 Year33.07%
3 Year43.35%
5 Year187.93%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)54.15
LBB2.93
UBB3.38
3.34
+0.1 (+3.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg3.09%
1 Week9.15%
2 Weeks5.36%
1 Month-0.3%
3 Month0.6%
6 Month-15.87%
12 Month22.34%
2 Year33.07%
3 Year43.35%
5 Year187.93%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%6.5%
ATR Inc-48.31%
Range Today0.12
ADR(20)0.21
ADR(20)%6.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.48
Mansfield-0.14
10 Day High3.35
10 Day Low3
20 Day High3.61
20 Day Low2.7
52 Week High4.72
52 Week Low2.63
CS1 End3.31
CR1 Start3.36
Volume & EV
DER(3)-0.1%
DER(5)3.46%
Volume774.70K
Volume Incr-43.92%
Vol(5)746.17K
Vol(50)1.09M