ABSOLUTE SELECT VALUE ETF (ABEQ) Stock Technical Analysis
NYSEARCA:ABEQ - NYSE Arca - US90470L5681 - ETF - Currency: USD
Taking everything into account, ABEQ scores 5 out of 10 in our technical rating. ABEQ has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
Warning: ABEQ has an average volume of 9074 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
ABEQ 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 ABEQ is lagging the market slightly.
When compared to the yearly performance of all other stocks, ABEQ outperforms 50% of them, which is more or less in line with the market.
In the last month ABEQ has a been trading in a tight range between 33.89 and 34.68.
Although the technical rating is only medium, ABEQ does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 34.21, a Stop Loss order could be placed below this zone.
More info and screens
31.11
34.99
When analyzing the support we can see 4 important areas.
- A support zone ranging from 34.06 to 34.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.98 to 33.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong support @32.17 from a horizontal line in the daily time frame.
- 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 34.29 to 34.64. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for ABEQ is neutral. |
| ChartMill Relative Strength | 50.51 | NEUTRAL | ABEQ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABEQ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ABEQ is above the rising 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) | 50.51 | NEUTRAL | The RSI value for ABEQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ABEQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.13 | NEUTRAL | The Stochastics value for ABEQ is a neutral value. |
| Average True Range in percent/ATR (20) | 0.68 | LOW VOLATILITY | The low ATR as a percentage value for ABEQ suggests low volalility. |
| Average Directional Index/ADX (14) | 11.18 | NEGATIVE | The low ADX value for ABEQ 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)
NYSEARCA:ABEQ (7/18/2025, 8:27:58 PM)
34.2674
0 (-0.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.01%
1 Week0.4%
2 Weeks-1.05%
1 Month-0.14%
3 Month2.63%
6 Month6.09%
12 Month10.58%
2 Year19.49%
3 Year25.42%
5 Year47.86%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%0.68%
ATR Inc5.32%
Range Today0.18
ADR(20)0.17
ADR(20)%0.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.51
Mansfield-0.41
10 Day High34.56
10 Day Low33.89
20 Day High34.68
20 Day Low33.89
52 Week High34.71
52 Week Low30.42
CS1 End34.21
CR1 Start34.29
Volume & EV
DER(3)1.56%
DER(5)0.89%
Volume4.80K
Volume Incr-38.11%
Vol(5)6.78K
Vol(50)9.07K