ABSOLUTE SELECT VALUE ETF (ABEQ) Stock Technical Analysis
USA - NYSEARCA:ABEQ - US90470L5681 - ETF
We assign a technical rating of 6 out of 10 to ABEQ. Although ABEQ is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
ABEQ has an average technical rating and it also 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
31.11
2 important support areas can be observed.
- A support zone ranging from 33.49 to 35.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 31.42 to 31.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 35.95 to 36.12. 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 | UP | POSITIVE | The long term trend for ABEQ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABEQ is up. |
| ChartMill Relative Strength | 64.52 | NEUTRAL | ABEQ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ABEQ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ABEQ is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ABEQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.47 | NEUTRAL | The RSI value for ABEQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests ABEQ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91 | OVERBOUGHT | The high Stochastics value suggests ABEQ may be overbought. |
| Average True Range in percent/ATR (20) | 0.64 | LOW VOLATILITY | The low ATR as a percentage value for ABEQ suggests low volalility. |
| Average Directional Index/ADX (14) | 21.34 | NEUTRAL | The ADX value for ABEQ suggests a possible start of a new trend. |
NYSEARCA:ABEQ (11/14/2025, 8:04:00 PM)
35.5978
-0.11 (-0.31%)
ABSOLUTE SELECT VALUE ETF / ABEQ FAQ
What is the ChartMill technical rating of ABSOLUTE SELECT VALUE ETF (ABEQ) stock?
ChartMill assigns a technical rating of 6 / 10 to ABEQ.
Can you provide the trend direction for ABSOLUTE SELECT VALUE ETF?
The current trend direction for ABSOLUTE SELECT VALUE ETF (ABEQ) is Bullish.
What is the RSI signal for ABSOLUTE SELECT VALUE ETF (ABEQ) stock?
ABSOLUTE SELECT VALUE ETF (ABEQ) has an RSI value of 59.4703. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ABSOLUTE SELECT VALUE ETF?
The short term momentum for ABSOLUTE SELECT VALUE ETF (ABEQ) is positive.
What are the support and resistance levels for ABSOLUTE SELECT VALUE ETF (ABEQ) stock?
ABSOLUTE SELECT VALUE ETF (ABEQ) has a support level at 35.44 and a resistance level at 35.95. Check the full technical report for our detailed analysis of ABEQ support and resistance levels.