ABEONA THERAPEUTICS INC (ABEO) Technical Analysis
NASDAQ:ABEO • US00289Y2063
Current stock price
ABEO Technical Rating and Analysis
Overall ABEO gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, ABEO is a bad performer.
- 77% of all other stocks performed better in the past year than ABEO.
- The long and short term trends are both positive. This is looking good!
- ABEO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- ABEO has an average volume of 1196580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ABEO is part of the Biotechnology industry. There are 515 other stocks in this industry, ABEO did better than 41% of them.
- ABEO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ABEO is lagging the market.
ABEO Weekly and Daily overview Charts
ABEO Setup Rating and Analysis
Besides having an excellent technical rating, ABEO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 5.38, a Stop Loss order could be placed below this zone.
More info and screens
ABEO Support and Resistance Analysis
4.13
We found 2 important support areas.
- A support zone ranging from 5.27 to 5.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.17 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 5.43 to 5.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
ABEO 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 ABEO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABEO is up. |
| ChartMill Relative Strength | 23.63 | NEGATIVE | ABEO has a low relative strength, it was outperformed by 76.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ABEO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ABEO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ABEO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.13 | NEUTRAL | The RSI value for ABEO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ABEO has a negative trend. |
| Stochastics (14,3) | 60.16 | NEUTRAL | The Stochastics value for ABEO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.17 | MEDIUM VOLATILITY | The ATR as a percentage value for ABEO suggests some volalility. |
| Average Directional Index/ADX (14) | 30.9 | POSITIVE | The high ADX value value for ABEO suggests a strong trend. |
ABEO Chart- and CandleStick Pattern Analysis
ABEO Example Setup
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 |
|---|---|---|---|
| 5.67 | 5.26 | 0.41 (7.23%) | 13.83% |
| An entry @5.67. This is a Buy Stop order right above the resistance zone. | An exit @5.26. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.41 points, which is 7.23%. | When investing 13.83% 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.
ABEO Technicals: Chart, Performance Metrics, Trend & Indicators
5.43
-0.03 (-0.55%)
ABEONA THERAPEUTICS INC / ABEO TA FAQ
Can you provide the ChartMill technical rating for ABEONA THERAPEUTICS INC?
ChartMill assigns a technical rating of 7 / 10 to ABEO.
Can you provide the trend direction for ABEONA THERAPEUTICS INC?
The current trend direction for ABEONA THERAPEUTICS INC (ABEO) is Bullish.
What is the RSI signal for ABEO stock?
ABEONA THERAPEUTICS INC (ABEO) has an RSI value of 59.13. This indicates that the stock is currently neutral.
What is the short term momentum for ABEONA THERAPEUTICS INC (ABEO) stock?
The short term momentum for ABEONA THERAPEUTICS INC (ABEO) is positive.
What is the buy/sell signal for ABEONA THERAPEUTICS INC (ABEO) stock?
The buy/sell signal for ABEONA THERAPEUTICS INC (ABEO) is buy as both the short term and long term trends are positive.