ABEO Technical Analysis - ABEONA THERAPEUTICS INC

Technical Rating and Analysis

Overall ABEO gets a technical rating of 0 out of 10. ABEO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

80% of all other stocks performed better in the past year than ABEO.

In the last month ABEO has a been trading in the 5.28 - 7.32 range, which is quite wide. It is currently trading near the lows of this range.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

ABEO is part of the Biotechnology industry. There are 538 other stocks in this industry, ABEO did better than 47% 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.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ABEONA THERAPEUTICS INC / ABEO Weekly stock chart

ABEONA THERAPEUTICS INC / ABEO Daily stock chart

Setup Rating and Analysis

ABEO has a poor technical rating and the quality of the setup is also only medium 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

4.38

7.21

We found 3 important support areas.

A support zone ranging from 5.37 to 5.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @5.16 from a trend line in the weekly time frame.
Support @4.42 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

Resistance @7.14 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	NEUTRAL	NEUTRAL	The long term trend for ABEO is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ABEO is down.
ChartMill Relative Strength	20.52	NEGATIVE	ABEO has a low relative strength, it was outperformed by 79.48% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ABEO is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ABEO is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ABEO is below a declining SMA(200).
Relative Strength Index/RSI (14)	30.22	NEUTRAL	The RSI value for ABEO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.16	NEGATIVE	The MACD value suggests ABEO has a negative trend, although the MACD value is rising.
Stochastics (14,3)	6.84	OVERSOLD	The low Stochastics value suggests ABEO may be oversold.
Average True Range in percent/ATR (20)	5.25	HIGH VOLATILITY	The high ATR as a percentage value for ABEO suggests high volalility.
Average Directional Index/ADX (14)	24.88	NEUTRAL	The ADX value for ABEO suggests a possible start of a new trend.