Overall ABAT gets a technical rating of 7 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ABAT is showing a nice and steady performance.
Although ABAT has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.34
3 important support areas can be observed.
- A support zone ranging from 4.01 to 4.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.44 from a trend line in the daily time frame.
- Support @3.37 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 4.81 to 4.81. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for ABAT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABAT is up. |
| ChartMill Relative Strength | 92.95 | POSITIVE | ABAT has a high relative strength, it outperformed 92.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ABAT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ABAT is above 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) | 59.9 | NEUTRAL | The RSI value for ABAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests ABAT has a positive trend. |
| Stochastics (14,3) | 83.24 | OVERBOUGHT | The high Stochastics value suggests ABAT may be overbought. |
| Average True Range in percent/ATR (20) | 8.86 | HIGH VOLATILITY | The high ATR as a percentage value for ABAT suggests high volalility. |
| Average Directional Index/ADX (14) | 16.88 | NEGATIVE | The low ADX value for ABAT suggests a weak or negative trend. |
4.8
+0.27 (+5.96%)
AMERICAN BATTERY TECHNOLOGY / ABAT FAQ
What is the ChartMill technical rating of AMERICAN BATTERY TECHNOLOGY (ABAT) stock?
ChartMill assigns a technical rating of 7 / 10 to ABAT.
What is the trend direction for ABAT stock?
The current trend direction for AMERICAN BATTERY TECHNOLOGY (ABAT) is Bullish.
What is the RSI signal for AMERICAN BATTERY TECHNOLOGY (ABAT) stock?
AMERICAN BATTERY TECHNOLOGY (ABAT) has an RSI value of 59.8986. 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 positive.
What is the buy/sell signal for ABAT stock?
The buy/sell signal for AMERICAN BATTERY TECHNOLOGY (ABAT) is buy as both the short term and long term trends are positive.