ARCUTIS BIOTHERAPEUTICS INC (ARQT) Stock Technical Analysis
NASDAQ:ARQT - Nasdaq - US03969K1088 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to ARQT. In the last year, ARQT was one of the better performers, but we do observe some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, ARQT did better than 90% of all other stocks.
ARQT is part of the Biotechnology industry. There are 571 other stocks in this industry. ARQT outperforms 87% of them.
ARQT has an average volume of 2170860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ARQT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ARQT is lagging the market.
In the last month ARQT has a been trading in the 11.13 - 15.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, ARQT also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 13.43. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.72, a Stop Loss order could be placed below this zone.
More info and screens
8.24
14.71
When analyzing the support we can see 6 important areas.
- A support zone ranging from 11.60 to 11.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.39 from a horizontal line in the daily time frame.
- Support @10.79 from a trend line in the weekly time frame.
- Support @9.76 from a trend line in the weekly time frame.
- Support @9.10 from a trend line in the daily time frame.
- Support @8.32 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 13.43 to 13.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @14.56 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.71
Mansfield1.55
10 Day High13.94
10 Day Low11.13
20 Day High15.09
20 Day Low11.13
52 Week High16.2
52 Week Low6.99
Performance
1 Week5.77%
2 Weeks4.83%
1 Month-4.26%
3 Month28.4%
6 Month32.45%
12 Month34.5%
2 Year-19.53%
3 Year-26.85%
5 Year-51.01%
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)0.08
RSI(14)50.16
LBB11.33
UBB13.85
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 |
|---|---|---|---|
| 13.55 | 11.59 | 1.96 (14.46%) | 6.91% |
| An entry @13.55. This is a Buy Stop order right above the resistance zone. | An exit @11.59. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.96 points, which is 14.46%. | When investing 6.91% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
13.02
-0.4 (-2.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.98%
1 Week5.77%
2 Weeks4.83%
1 Month-4.26%
3 Month28.4%
6 Month32.45%
12 Month34.5%
2 Year-19.53%
3 Year-26.85%
5 Year-51.01%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.07
ATR(20)%7.86%
ATR Inc2.22%
Range Today1.19
ADR(20)1.01
ADR(20)%7.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.71
Mansfield1.55
10 Day High13.94
10 Day Low11.13
20 Day High15.09
20 Day Low11.13
52 Week High16.2
52 Week Low6.99
CS1 End11.72
CR1 Start13.43
Volume & EV
DER(3)1.37%
DER(5)1.37%
Volume1.89M
Volume Incr-23.92%
Vol(5)1.75M
Vol(50)2.17M