We assign a technical rating of 5 out of 10 to ABAT. Although ABAT 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.
ABAT has an average technical rating and the quality of the presented setup is also not ideal at the moment. Prices have been consolidating lately.
3.34
4 important support areas can be observed.
3 important resistance areas can be observed.
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 | NEUTRAL | NEUTRAL | The long term trend for ABAT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABAT is down. |
| ChartMill Relative Strength | 97.42 | POSITIVE | ABAT has a high relative strength, it outperformed 97.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABAT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ABAT is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ABAT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.19 | NEUTRAL | The RSI value for ABAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests ABAT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.74 | OVERSOLD | The low Stochastics value suggests ABAT may be oversold. |
| Average True Range in percent/ATR (20) | 12.86 | HIGH VOLATILITY | The high ATR as a percentage value for ABAT suggests high volalility. |
| Average Directional Index/ADX (14) | 20.59 | NEUTRAL | The ADX value for ABAT suggests a possible start of a new trend. |
4.165
+0.64 (+17.99%)
ChartMill assigns a technical rating of 5 / 10 to ABAT.
The current trend direction for AMERICAN BATTERY TECHNOLOGY (ABAT) is Bearish.
AMERICAN BATTERY TECHNOLOGY (ABAT) has an RSI value of 48.1925. This indicates that the stock is currently neutral.
The short term momentum for AMERICAN BATTERY TECHNOLOGY (ABAT) is negative.