ABG ACQUISITION CORP I - A (ABGI) Stock Technical Analysis
NASDAQ:ABGI - Nasdaq - KYG004961028 - Common Stock - Currency: USD
Overall ABGI gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ABGI is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, ABGI did better than 80% of all other stocks. On top of that, ABGI also shows a nice and consistent pattern of rising prices.
ABGI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ABGI is lagging the market.
In the last month ABGI has a been trading in a tight range between 10.13 and 10.42.
Considerably lower volume is observed in the last couple of days.
Although ABGI has an excellent technical rating, it does not present a decent entry opportunity 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
9.51
10.30
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.09 to 10.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.61 to 9.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.20 to 10.20. 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 ABGI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABGI is up. |
| ChartMill Relative Strength | 80.29 | POSITIVE | ABGI has a high relative strength, it outperformed 80.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ABGI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ABGI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ABGI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.58 | OVERBOUGHT | The high RSI value suggests ABGI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ABGI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 67.14 | NEUTRAL | The Stochastics value for ABGI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.25 | LOW VOLATILITY | The low ATR as a percentage value for ABGI suggests low volalility. |
| Average Directional Index/ADX (14) | 78.06 | POSITIVE | The high ADX value value for ABGI suggests a strong 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)
NASDAQ:ABGI (2/27/2023, 8:00:00 PM)
10.19
-0.01 (-0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.05%
1 Week0.3%
2 Weeks0.39%
1 Month0.79%
3 Month1.9%
6 Month3.35%
12 Month4.94%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%0.25%
ATR Inc175%
Range Today0.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.29
Mansfield0.38
10 Day High10.22
10 Day Low10.15
20 Day High10.42
20 Day Low10.13
52 Week High10.42
52 Week Low9.71
CS1 End10.17
CR1 Start10.2
Volume & EV
DER(3)-0.07%
DER(5)-0.78%
Volume2.10K
Volume Incr-57.47%
Vol(5)40.68K
Vol(50)65.09K