ABEA Technical Analysis - ALPHABET INC-CL A

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to ABEA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ABEA is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

Looking at the yearly performance, ABEA did better than 91% of all other stocks.

ABEA is one of the better performing stocks in the Interactive Media & Services industry, it outperforms 85% of 22 stocks in the same industry.

ABEA is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month ABEA has a been trading in the 168.92 - 205.80 range, which is quite wide. It is currently trading near the high of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ALPHABET INC-CL A / ABEA Weekly stock chart

ALPHABET INC-CL A / ABEA Daily stock chart

Setup Rating and Analysis

Although ABEA has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

134.04

206.65

5 important support areas can be observed.

A support zone ranging from 177.59 to 179.78. This zone is formed by a combination of multiple trend lines in the daily time frame.
A support zone ranging from 171.53 to 174.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @165.30 from a trend line in the weekly time frame.
Support @156.83 from a trend line in the daily time frame.
Support @135.39 from a trend line in the weekly time frame.

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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	UP	POSITIVE	The long term trend for ABEA.DE is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ABEA.DE is up.
ChartMill Relative Strength	91.88	POSITIVE	ABEA.DE has a high relative strength, it outperformed 91.88% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ABEA.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ABEA.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ABEA.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	79.02	OVERBOUGHT	The high RSI value suggests ABEA.DE may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.93	POSITIVE	The MACD value suggests ABEA.DE has a positive trend, although the MACD value is declining.
Stochastics (14,3)	96.12	OVERBOUGHT	The high Stochastics value suggests ABEA.DE may be overbought.
Average True Range in percent/ATR (20)	2.14	MEDIUM VOLATILITY	The ATR as a percentage value for ABEA.DE suggests some volalility.
Average Directional Index/ADX (14)	37.39	POSITIVE	The high ADX value value for ABEA.DE suggests a strong trend.