AMERICAN BATTERY TECHNOLOGY (ABAT) Technical Analysis
NASDAQ:ABAT • US02451V3096
Current stock price
ABAT Technical Rating and Analysis
Taking everything into account, ABAT scores 6 out of 10 in our technical rating. Although ABAT has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
- 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.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- When comparing the yearly performance of all stocks, we notice that ABAT is one of the better performing stocks in the market, outperforming 95% of all stocks.
- ABAT is part of the Metals & Mining industry. There are 163 other stocks in this industry. ABAT outperforms 82% of them.
- In the last month ABAT has a been trading in the 2.47 - 3.55 range, which is quite wide. It is currently trading near the high of this range.
- ABAT has an average volume of 3488610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ABAT Weekly and Daily overview Charts
ABAT Setup Rating and Analysis
ABAT has an average technical rating and it also 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
ABAT Support and Resistance Analysis
2.55
2 important support areas can be observed.
- Support @2.80 from a trend line in the weekly time frame.
- Support @2.58 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.48 to 3.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for ABAT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABAT is up. |
| ChartMill Relative Strength | 95.05 | POSITIVE | ABAT has a high relative strength, it outperformed 95.05% 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 | MIXED | The current price of ABAT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.92 | NEUTRAL | The RSI value for ABAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests ABAT has a positive trend. |
| Stochastics (14,3) | 90.23 | OVERBOUGHT | The high Stochastics value suggests ABAT may be overbought. |
| Average True Range in percent/ATR (20) | 5.54 | HIGH VOLATILITY | The high ATR as a percentage value for ABAT suggests high volalility. |
| Average Directional Index/ADX (14) | 24.42 | NEUTRAL | The ADX value for ABAT suggests a possible start of a new trend. |
ABAT Chart- and CandleStick Pattern Analysis
ABAT Technicals: Chart, Performance Metrics, Trend & Indicators
3.47
+0.07 (+2.06%)
AMERICAN BATTERY TECHNOLOGY / ABAT TA FAQ
What is the ChartMill technical rating of AMERICAN BATTERY TECHNOLOGY (ABAT) stock?
ChartMill assigns a technical rating of 6 / 10 to ABAT.
What is the trend direction for ABAT stock?
The current trend direction for AMERICAN BATTERY TECHNOLOGY (ABAT) is Bearish.
Can you provide the RSI signal for AMERICAN BATTERY TECHNOLOGY?
AMERICAN BATTERY TECHNOLOGY (ABAT) has an RSI value of 64.9201. 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 0.109922, indicating a bearish trend.
What is the short term momentum for AMERICAN BATTERY TECHNOLOGY (ABAT) stock?
The short term momentum for AMERICAN BATTERY TECHNOLOGY (ABAT) is positive.