ABEONA THERAPEUTICS INC (ABEO) Stock Technical Analysis
NASDAQ:ABEO - Nasdaq - US00289Y2063 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to ABEO. Both in the recent history as in the last year, ABEO has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
ABEO is part of the Biotechnology industry. There are 551 other stocks in this industry. ABEO outperforms 80% of them.
ABEO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ABEO is lagging the market slightly.
When comparing the yearly performance of all stocks, we notice that ABEO is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
In the last month ABEO has a been trading in the 5.66 - 7.12 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, ABEO also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 6.21, a Stop Loss order could be placed below this zone.
More info and screens
4.38
6.95
When analyzing the support we can see 5 important areas.
- A support zone ranging from 6.09 to 6.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.73 to 5.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.56 from a horizontal line in the daily time frame.
- Support @4.98 from a trend line in the weekly time frame.
- Support @4.42 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @6.47 from a trend line in the weekly time frame.
- A resistance zone ranging from 6.59 to 6.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.87 to 6.88. This zone is formed by a combination of multiple trend lines 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 | 88.01 | POSITIVE | ABEO has a high relative strength, it outperformed 88.01% 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) | DOWN | MIXED | The current price of ABEO is above a declining 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) | 52.2 | NEUTRAL | The RSI value for ABEO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ABEO has a negative trend. |
| Stochastics (14,3) | 46.53 | NEUTRAL | The Stochastics value for ABEO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.6 | MEDIUM VOLATILITY | The ATR as a percentage value for ABEO suggests some volalility. |
| Average Directional Index/ADX (14) | 19.47 | NEGATIVE | The low ADX value for ABEO suggests a weak or negative 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)
6.42
-0.07 (-1.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.08%
1 Week-3.02%
2 Weeks-4.89%
1 Month11.65%
3 Month21.82%
6 Month12.63%
12 Month45.25%
2 Year44.92%
3 Year76.37%
5 Year-89.07%
10 Year-94.5%
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%4.6%
ATR Inc-14.21%
Range Today0.17
ADR(20)0.29
ADR(20)%4.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.01
Mansfield0.24
10 Day High6.94
10 Day Low6.18
20 Day High7.12
20 Day Low5.66
52 Week High7.32
52 Week Low3.93
CS1 End6.21
CR1 Start6.47
Volume & EV
DER(3)-3.53%
DER(5)1%
Volume539.20K
Volume Incr-18%
Vol(5)614.90K
Vol(50)944.12K