Arcus Biosciences Inc (RCUS): Price Now Near $27.89; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for RCUS

Currently, RCUS (Get Ratings)’s price is down $-0.39 (-1.4%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as RCUS has now gone down 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Of note is that the 200 hour changed directions on RCUS; it is now pointing down. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Out of Pharmaceutical Products stocks, RCUS ranks 259th in regards to today’s price percentage change.

RCUS’s Technical Outlook on the Daily Chart

Currently, RCUS’s price is down $-0.48 (-1.67%) from the day prior. This is a reversal of the price action on the previous day, in which price moved up. Regarding the trend, note that the strongest trend exists on the 20 day timeframe. Regarding moving averages, it should first be noted that price has crossed the 50 day moving average, resulting in them with price now being below it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Arcus Biosciences Inc’s price action over the past 90 days can be seen via the chart below.

RCUS

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RCUS: Daily RSI Analysis

  • RCUS’s RSI now stands at 63.3907.
  • RCUS and RSI may be exhibiting divergent trends. This may be something to monitor.

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