We assign a technical rating of 4 out of 10 to ABAT. In the last year, ABAT was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
Although the technical rating is only medium, ABAT does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
3.33
When analyzing the support we can see 3 important areas.
- Support @3.75 from a trend line in the weekly time frame.
- Support @3.62 from a trend line in the daily time frame.
- A support zone ranging from 3.36 to 3.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @4.16 from a horizontal line in the weekly time frame.
- Resistance @4.28 from a horizontal line 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 | 98.27 | POSITIVE | ABAT has a high relative strength, it outperformed 98.27% 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 | POSITIVE | The current price of ABAT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.85 | NEUTRAL | The RSI value for ABAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ABAT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 40.06 | NEUTRAL | The Stochastics value for ABAT is a neutral value. |
| Average True Range in percent/ATR (20) | 10.1 | HIGH VOLATILITY | The high ATR as a percentage value for ABAT suggests high volalility. |
| Average Directional Index/ADX (14) | 9.29 | NEGATIVE | The low ADX value for ABAT suggests a weak or negative trend. |
3.77
+0.13 (+3.57%)
AMERICAN BATTERY TECHNOLOGY / ABAT FAQ
What is the ChartMill technical rating of AMERICAN BATTERY TECHNOLOGY (ABAT) stock?
ChartMill assigns a technical rating of 4 / 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 45.8451. 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 0.0259191, 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.