Overall ABEO gets a technical rating of 2 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 68% of all other stocks performed better in the past year than ABEO.
- In the last month ABEO has a been trading in the 4.98 - 5.68 range, which is quite wide. It is currently trading near the lows of this range.
- ABEO has an average volume of 1398250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ABEO is an average performer in the Biotechnology industry, it outperforms 50% of 525 stocks in the same industry.
- 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 has a bad technical rating, but it does show 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 5.08, a Stop Loss order could be placed below this zone.
More info and screens
4.30
2 important support areas can be observed.
- A support zone ranging from 5.04 to 5.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.34 from a trend line in the weekly time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 5.20 to 5.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.33 from a trend line in the daily time frame.
- A resistance zone ranging from 5.46 to 5.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.66 from a horizontal line in the daily time frame.
- Resistance @6.80 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for ABEO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABEO is down. |
| ChartMill Relative Strength | 32 | NEUTRAL | ABEO is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of ABEO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ABEO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.49 | NEUTRAL | The RSI value for ABEO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ABEO has a negative trend. |
| Stochastics (14,3) | 23.14 | NEUTRAL | The Stochastics value for ABEO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.64 | MEDIUM VOLATILITY | The ATR as a percentage value for ABEO suggests some volalility. |
| Average Directional Index/ADX (14) | 19.69 | NEGATIVE | The low ADX value for ABEO suggests a weak or negative trend. |
5.11
-0.08 (-1.54%)
ABEONA THERAPEUTICS INC / ABEO FAQ
Can you provide the ChartMill technical rating for ABEONA THERAPEUTICS INC?
ChartMill assigns a technical rating of 2 / 10 to ABEO.
Can you provide the trend direction for ABEONA THERAPEUTICS INC?
The current trend direction for ABEONA THERAPEUTICS INC (ABEO) is Bearish.
What is the RSI signal for ABEONA THERAPEUTICS INC (ABEO) stock?
ABEONA THERAPEUTICS INC (ABEO) has an RSI value of 46.4888. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for ABEONA THERAPEUTICS INC?
The buy/sell signal for ABEONA THERAPEUTICS INC (ABEO) is sell as both the short term and long term trends are negative.
What is the support and resistance level for ABEO stock?
ABEONA THERAPEUTICS INC (ABEO) has a support level at 5.08 and a resistance level at 5.2. Check the full technical report for our detailed analysis of ABEO support and resistance levels.