AMERICAN BATTERY TECHNOLOGY (ABAT) Technical Analysis
NASDAQ:ABAT • US02451V3096
Current stock price
ABAT Technical Rating and Analysis
Overall ABAT gets a technical rating of 2 out of 10. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- ABAT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ABAT is lagging the market.
- In the last month ABAT has a been trading in the 2.83 - 3.86 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- ABAT is one of the better performing stocks in the Metals & Mining industry, it outperforms 87% of 159 stocks in the same industry.
- ABAT has an average volume of 5180430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, ABAT did better than 96% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
ABAT Weekly and Daily overview Charts
ABAT Setup Rating and Analysis
The technical rating of ABAT is bad and it also does not present a 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
ABAT Support and Resistance Analysis
2.87
When analyzing the resistance we notice 3 important areas.
- Resistance @3.19 from a trend line in the daily time frame.
- A resistance zone ranging from 3.27 to 3.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @3.60 from a trend line in the weekly time frame.
ABAT Technical Indicator Signal Analysis
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 | 96.3 | POSITIVE | ABAT has a high relative strength, it outperformed 96.3% 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 | MIXED | The current price of ABAT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 29.99 | OVERSOLD | The low RSI value suggests ABAT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ABAT has a negative trend. |
| Stochastics (14,3) | 8.94 | OVERSOLD | The low Stochastics value suggests ABAT may be oversold. |
| Average True Range in percent/ATR (20) | 7.8 | HIGH VOLATILITY | The high ATR as a percentage value for ABAT suggests high volalility. |
| Average Directional Index/ADX (14) | 29.81 | POSITIVE | The high ADX value value for ABAT suggests a strong trend. |
ABAT Chart- and CandleStick Pattern Analysis
ABAT Technicals: Chart, Performance Metrics, Trend & Indicators
2.9
-0.13 (-4.29%)
AMERICAN BATTERY TECHNOLOGY / ABAT TA FAQ
What is the ChartMill technical rating of AMERICAN BATTERY TECHNOLOGY (ABAT) stock?
ChartMill assigns a technical rating of 2 / 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 29.9941. This indicates that the stock is currently oversold.
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.