AMERICAN BATTERY TECHNOLOGY (ABAT) Stock Technical Analysis
NASDAQ:ABAT • US02451V3096
We assign a technical rating of 6 out of 10 to ABAT. ABAT was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- 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.
- In the last month ABAT has a been trading in the 3.51 - 5.12 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.
- Looking at the yearly performance, ABAT did better than 96% of all other stocks. On top of that, ABAT also shows a nice and consistent pattern of rising prices.
- ABAT has an average volume of 6415900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- ABAT is an average performer in the Metals & Mining industry, it outperforms 64% of 157 stocks in the same industry.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, ABAT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 4.15. Right above this resistance zone may be a good entry point.
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3.30
When analyzing the support we can see 2 important areas.
- Support @3.62 from a trend line in the daily time frame.
- 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.15 to 4.29. 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 | 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 | 96.54 | POSITIVE | ABAT has a high relative strength, it outperformed 96.54% 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) | 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) | 43.47 | NEUTRAL | The RSI value for ABAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ABAT has a negative trend. |
| Stochastics (14,3) | 27.3 | NEUTRAL | The Stochastics value for ABAT is a neutral value. |
| Average True Range in percent/ATR (20) | 12.08 | HIGH VOLATILITY | The high ATR as a percentage value for ABAT suggests high volalility. |
| Average Directional Index/ADX (14) | 21.83 | NEUTRAL | The ADX value for ABAT suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.30 | 3.61 | 0.69 (16.05%) | 6.23% |
| An entry @4.30. This is a Buy Stop order right above the resistance zone. | An exit @3.61. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.69 points, which is 16.05%. | When investing 6.23% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
3.8
+0.02 (+0.53%)
AMERICAN BATTERY TECHNOLOGY / ABAT 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 Bullish.
What is the RSI signal for AMERICAN BATTERY TECHNOLOGY (ABAT) stock?
AMERICAN BATTERY TECHNOLOGY (ABAT) has an RSI value of 43.474. 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 hold as the short term and long term trends are mixed.