Technical Analysis for ACB - Aurora Cannabis Inc

Grade Last Price % Change Price Change
F 5.950 2.06% 0.120
ACB closed up 2.06 percent on Wednesday, November 20, 2024, on 54 percent of normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
New Downtrend Bearish 0.00%
Hammer Candlestick Bullish 0.00%
Outside Day Range Expansion 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
Death Cross Bearish 2.06%
NR7 Range Contraction 2.06%
NR7-2 Range Contraction 2.06%
Narrow Range Bar Range Contraction 2.06%
Wide Bands Range Expansion 2.06%

   Recent Intraday Alerts

Alert Time
Rose Above Previous Day's High about 18 hours ago
Outside Day about 18 hours ago
Up 2% about 18 hours ago
Fell Below Previous Day's Low about 18 hours ago
Down 1% about 18 hours ago

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Profile

Aurora Cannabis Inc Description

Aurora Cannabis Inc, formerly Prescient Mining Corp, is a Canada-based company, which is in the business of producing and distributing medical marijuana pursuant to the Access to Cannabis for Medical Purposes Regulations (ACMPR). The Company’s primary business consists of the sale of dried medical cannabis. The Company’s principal market is patients who use medical cannabis in Canada. It operates under the following segments: the production and sale of medical cannabis, as well as patient counseling and outreach services. The Company sells dried medical cannabis by direct delivery to patients through physical delivery services, as well as ordering services through the phone and the Company’s online shop and mobile application. The Company operates its business through its subsidiaries: Aurora Marijuana Inc, Aurora Cannabis Enterprises Inc, 1769474 Alberta Ltd, Australis Capital Inc, CanvasRx Inc and 10094595 Canada Inc.


Classification

Sector: Healthcare
Industry: Drug Manufacturers - Specialty & Generic
Keywords: Mining Health Mobile Medicine Cannabis Delivery Mobile App Medicinal Plants Herbalism Medical Cannabis Aurora Cannabis In Canada Pharmaceuticals Policy Marijuana Access To Cannabis For Medical Purposes Regulations Canopy Growth Corporation

Is ACB a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 12.85
52 Week Low 3.84
Average Volume 519,354
200-Day Moving Average 7.528
50-Day Moving Average 7.462
20-Day Moving Average 7.136
10-Day Moving Average 6.306
Average True Range 0.412
RSI (14) 31.51
ADX 25.05
+DI 16.052
-DI 34.340
Chandelier Exit (Long, 3 ATRs) 7.503
Chandelier Exit (Short, 3 ATRs) 7.007
Upper Bollinger Bands 8.975
Lower Bollinger Band 5.296
Percent B (%b) 0.18
BandWidth 51.562
MACD Line -0.508
MACD Signal Line -0.352
MACD Histogram -0.1567
Fundamentals Value
Market Cap 1.09 Billion
Num Shares 184 Million
EPS -0.29
Price-to-Earnings (P/E) Ratio -20.52
Price-to-Sales 4.85
Price-to-Book 1.08
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 6.265
Resistance 3 (R3) 6.240 6.110 6.213
Resistance 2 (R2) 6.110 6.030 6.123 6.195
Resistance 1 (R1) 6.030 5.980 6.070 6.055 6.177
Pivot Point 5.900 5.900 5.920 5.913 5.900
Support 1 (S1) 5.820 5.820 5.860 5.845 5.723
Support 2 (S2) 5.690 5.770 5.703 5.705
Support 3 (S3) 5.610 5.690 5.688
Support 4 (S4) 5.635