AMERICAN BATTERY TECHNOLOGY (ABAT) Stock Technical Analysis
USA - NASDAQ:ABAT - US02451V3096 - Common Stock
We assign a technical rating of 7 out of 10 to ABAT. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
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
3.09
When analyzing the support we can see 3 important areas.
- Support @3.79 from a trend line in the daily time frame.
- Support @3.68 from a horizontal line in the daily time frame.
- Support @3.12 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 4.42 to 4.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 | DOWN | NEGATIVE | The short term trend for ABAT is down. |
| ChartMill Relative Strength | 98.8 | POSITIVE | ABAT has a high relative strength, it outperformed 98.8% 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) | 43.51 | NEUTRAL | The RSI value for ABAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests ABAT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.01 | NEUTRAL | The Stochastics value for ABAT is a neutral value. |
| Average True Range in percent/ATR (20) | 24.14 | HIGH VOLATILITY | The high ATR as a percentage value for ABAT suggests high volalility. |
| Average Directional Index/ADX (14) | 23.7 | NEUTRAL | The ADX value for ABAT suggests a possible start of a new trend. |
4.06
-0.22 (-5.14%)
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 current trend direction of AMERICAN BATTERY TECHNOLOGY (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 43.5117. This indicates that the stock is currently neutral.
Can you provide the MACD signal for AMERICAN BATTERY TECHNOLOGY?
The MACD indicator for AMERICAN BATTERY TECHNOLOGY (ABAT) has a value of -0.225746, indicating a bearish trend.
Can you provide the buy/sell signal for AMERICAN BATTERY TECHNOLOGY?
The buy/sell signal for AMERICAN BATTERY TECHNOLOGY (ABAT) is hold as the short term and long term trends are mixed.