ABCAM PLC-SPON ADR (ABCM) Stock Technical Analysis
NASDAQ:ABCM - Nasdaq - US0003802040 - ADR - Currency: USD
Overall ABCM gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ABCM has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, ABCM did better than 89% of all other stocks. We also observe that the gains produced by ABCM over the past year are nicely spread over this period.
ABCM is part of the Biotechnology industry. There are 557 other stocks in this industry. ABCM outperforms 86% of them.
ABCM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ABCM is performing more or less in line with the market.
ABCM has an average volume of 5955510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ABCM has a been trading in a tight range between 23.04 and 24.00.
Besides having an excellent technical rating, ABCM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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.
More info and screens
21.32
24.71
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 worst case loss on the trade is limited to 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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.04%
1 Week0.17%
2 Weeks0.29%
1 Month3.05%
3 Month4.9%
6 Month42.63%
12 Month54.57%
2 Year1.87%
3 Year11.32%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%0.51%
ATR Inc-83.58%
Range Today0.02
ADR(20)0.08
ADR(20)%0.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.33
Mansfield1.58
10 Day High24
10 Day Low23.92
20 Day High24
20 Day Low23.04
52 Week High25.32
52 Week Low12.48
CS1 End23.96
CR1 Start24.47
Volume & EV
DER(3)3.64%
DER(5)4.75%
Volume7.43M
Volume Incr5.46%
Vol(5)7.13M
Vol(50)5.96M