Overall ABCM gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ABCM is showing a nice and steady performance.
Besides having an excellent technical rating, ABCM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 23.96, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ABCM in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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21.32
We found 3 important support areas.
- A support zone ranging from 23.15 to 23.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.55 from a horizontal line in the daily time frame.
- A support zone ranging from 21.54 to 21.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 24.47 to 24.47. This zone is formed by a combination of multiple trend lines 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 ABCM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABCM is up. |
| ChartMill Relative Strength | 89.33 | POSITIVE | ABCM has a high relative strength, it outperformed 89.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ABCM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ABCM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ABCM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.2 | OVERBOUGHT | The high RSI value suggests ABCM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ABCM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 98.95 | OVERBOUGHT | The high Stochastics value suggests ABCM may be overbought. |
| Average True Range in percent/ATR (20) | 0.51 | LOW VOLATILITY | The low ATR as a percentage value for ABCM suggests low volalility. |
| Average Directional Index/ADX (14) | 46.23 | POSITIVE | The high ADX value value for ABCM suggests a strong 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 |
|---|---|---|---|
| 24.01 | 23.91 | 0.10 (0.42%) | 25.00% |
| An entry @24.01. This is a Buy Stop order right above the 10 day high. | An exit @23.91. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.10 points, which is 0.42%. | For a 0.10% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ABCM. Please evaluate whether better entry and exit points can be found.
- 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.
23.99
+0.01 (+0.04%)
ABCAM PLC-SPON ADR / ABCM FAQ
Can you provide the ChartMill technical rating for ABCAM PLC-SPON ADR?
ChartMill assigns a technical rating of 10 / 10 to ABCM.
What is the trend direction for ABCM stock?
The current trend direction for ABCAM PLC-SPON ADR (ABCM) is Bullish.
What is the RSI signal for ABCAM PLC-SPON ADR (ABCM) stock?
ABCAM PLC-SPON ADR (ABCM) has an RSI value of 73.1952. This indicates that the stock is currently overbought.
Can you provide the MACD signal for ABCAM PLC-SPON ADR?
The MACD indicator for ABCAM PLC-SPON ADR (ABCM) has a value of 0.00831527, indicating a bearish trend.
Can you provide the buy/sell signal for ABCAM PLC-SPON ADR?
The buy/sell signal for ABCAM PLC-SPON ADR (ABCM) is buy as both the short term and long term trends are positive.