AMERICAN BATTERY TECHNOLOGY (ABAT) Technical Analysis
NASDAQ:ABAT • US02451V3096
We assign a technical rating of 4 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- ABAT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Looking at the yearly performance, ABAT did better than 97% of all other stocks. On top of that, ABAT also shows a nice and consistent pattern of rising prices.
- ABAT is one of the better performing stocks in the Metals & Mining industry, it outperforms 82% of 157 stocks in the same industry.
- ABAT has an average volume of 5540320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month ABAT has a been trading in the 3.16 - 4.21 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, ABAT does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 3.37, a Stop Loss order could be placed below this zone.
More info and screens
3.30
We found 1 important support area.
- A support zone ranging from 3.33 to 3.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @3.73 from a trend line in the weekly time frame.
- A resistance zone ranging from 3.85 to 3.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for ABAT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABAT is down. |
| ChartMill Relative Strength | 97.54 | POSITIVE | ABAT has a high relative strength, it outperformed 97.54% 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) | DOWN | NEGATIVE | The current price of ABAT is below a declining 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) | 43.05 | NEUTRAL | The RSI value for ABAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ABAT has a positive trend. |
| Stochastics (14,3) | 44.23 | NEUTRAL | The Stochastics value for ABAT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.77 | HIGH VOLATILITY | The high ATR as a percentage value for ABAT suggests high volalility. |
| Average Directional Index/ADX (14) | 28.21 | POSITIVE | The high ADX value value for ABAT suggests a strong trend. |
ABAT Technicals: Chart, Performance Metrics, Trend & Indicators
3.5
-0.07 (-1.96%)
AMERICAN BATTERY TECHNOLOGY / ABAT FAQ
What is the ChartMill technical rating of AMERICAN BATTERY TECHNOLOGY (ABAT) stock?
ChartMill assigns a technical rating of 4 / 10 to ABAT.
What is the trend direction for ABAT stock?
The current trend direction for AMERICAN BATTERY TECHNOLOGY (ABAT) is Bearish.
What is the RSI signal for AMERICAN BATTERY TECHNOLOGY (ABAT) stock?
AMERICAN BATTERY TECHNOLOGY (ABAT) has an RSI value of 43.0537. This indicates that the stock is currently neutral.
What is the short term momentum for ABAT stock?
The short term momentum for AMERICAN BATTERY TECHNOLOGY (ABAT) is negative.
What is the buy/sell signal for ABAT stock?
The buy/sell signal for AMERICAN BATTERY TECHNOLOGY (ABAT) is sell as both the short term and long term trends are negative.