ABEONA THERAPEUTICS INC (ABEO) Stock Technical Analysis
NASDAQ:ABEO - Nasdaq - US00289Y2063 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to ABEO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ABEO is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, ABEO did better than 88% of all other stocks.
ABEO is part of the Biotechnology industry. There are 559 other stocks in this industry. ABEO outperforms 86% of them.
ABEO has an average volume of 1950750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ABEO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ABEO is lagging the market slightly.
In the last month ABEO has a been trading in the 5.62 - 7.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
ABEO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 6.74. Right above this resistance zone may be a good entry point.
More info and screens
3.65
6.95
We found 5 important support areas.
- A support zone ranging from 6.15 to 6.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.02 from a horizontal line in the daily time frame.
- Support @4.78 from a trend line in the weekly time frame.
- Support @4.42 from a horizontal line in the weekly time frame.
- Support @3.69 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 6.74 to 6.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.88 from a horizontal line in the daily time frame.
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 | 88.83 | POSITIVE | ABEO has a high relative strength, it outperformed 88.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ABEO is below 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) | 50.49 | NEUTRAL | The RSI value for ABEO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests ABEO has a negative trend. |
| Stochastics (14,3) | 30.4 | NEUTRAL | The Stochastics value for ABEO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.84 | HIGH VOLATILITY | The high ATR as a percentage value for ABEO suggests high volalility. |
| Average Directional Index/ADX (14) | 26.41 | POSITIVE | The high ADX value value for ABEO 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)
6.16
-0.08 (-1.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.28%
1 Week-8.61%
2 Weeks-1.28%
1 Month6.39%
3 Month16.45%
6 Month4.58%
12 Month34.79%
2 Year52.85%
3 Year18.46%
5 Year-91.55%
10 Year-95.13%
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%5.84%
ATR Inc-39.22%
Range Today0.21
ADR(20)0.36
ADR(20)%5.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.83
Mansfield0.57
10 Day High6.84
10 Day Low6.1
20 Day High7.17
20 Day Low5.62
52 Week High7.32
52 Week Low3.93
CS1 End6.15
CR1 Start6.74
Volume & EV
DER(3)-7.98%
DER(5)-6.94%
Volume373.80K
Volume Incr-50.55%
Vol(5)707.94K
Vol(50)1.95M