ABEONA THERAPEUTICS INC (ABEO) Stock Technical Analysis
NASDAQ:ABEO - Nasdaq - US00289Y2063 - Common Stock - Currency: USD
Overall ABEO gets a technical rating of 10 out of 10. In the last year, ABEO was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Looking at the yearly performance, ABEO did better than 93% of all other stocks. We also observe that the gains produced by ABEO over the past year are nicely spread over this period.
ABEO is part of the Biotechnology industry. There are 561 other stocks in this industry. ABEO outperforms 92% of them.
ABEO 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 ABEO is performing more or less in line with the market.
ABEO has an average volume of 1828770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ABEO has a been trading in the 4.87 - 7.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although ABEO has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
3.63
6.81
When analyzing the support we can see 5 important areas.
- Support @6.57 from a horizontal line in the weekly time frame.
- A support zone ranging from 6.44 to 6.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.70 from a trend line in the weekly time frame.
- Support @4.42 from a horizontal line in the weekly time frame.
- Support @3.67 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.67 to 6.74. 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 | NEUTRAL | NEUTRAL | The long term trend for ABEO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABEO is up. |
| ChartMill Relative Strength | 93.91 | POSITIVE | ABEO has a high relative strength, it outperformed 93.91% 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) | UP | POSITIVE | The current price of ABEO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.49 | NEUTRAL | The RSI value for ABEO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ABEO has a positive trend. |
| Stochastics (14,3) | 60.53 | NEUTRAL | The Stochastics value for ABEO is a neutral value. |
| Average True Range in percent/ATR (20) | 8.84 | HIGH VOLATILITY | The high ATR as a percentage value for ABEO suggests high volalility. |
| Average Directional Index/ADX (14) | 22.13 | NEUTRAL | The ADX value for ABEO suggests a possible start of a new 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)
6.58
+0.13 (+2.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.02%
1 Week19.67%
2 Weeks22.51%
1 Month23.56%
3 Month11.59%
6 Month7.86%
12 Month58.87%
2 Year108.74%
3 Year53.3%
5 Year-92.21%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%8.84%
ATR Inc-12.63%
Range Today0.58
ADR(20)0.55
ADR(20)%8.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.91
Mansfield1.51
10 Day High7.17
10 Day Low5.12
20 Day High7.32
20 Day Low4.87
52 Week High7.32
52 Week Low3.93
CS1 End4.7
CR1 Start6.45
Volume & EV
DER(3)0.13%
DER(5)0.58%
Volume897.11K
Volume Incr-47.4%
Vol(5)1.71M
Vol(50)1.83M