ABG ACQUISITION CORP I - A (ABGI) Technical Analysis
NASDAQ:ABGI • KYG004961028
Current stock price
ABGI Technical Rating and Analysis
Taking everything into account, ABGI scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ABGI 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!
- Looking at the yearly performance, ABGI did better than 80% of all other stocks. We also observe that the gains produced by ABGI over the past year are nicely spread over this period.
- ABGI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ABGI is lagging the market slightly.
- 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.
ABGI Weekly and Daily overview Charts
ABGI Setup Rating and Analysis
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.
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ABGI Support and Resistance Analysis
9.51
2 important support areas can be observed.
- 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.
ABGI Technical Indicator Signal Analysis
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. |
ABGI Chart- and CandleStick Pattern Analysis
ABGI Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:ABGI (2/27/2023, 8:00:00 PM)
10.19
-0.01 (-0.05%)
ABG ACQUISITION CORP I - A / ABGI TA FAQ
What is the technical rating for ABGI stock?
ChartMill assigns a technical rating of 9 / 10 to ABGI.
What is the trend direction for ABGI stock?
The current trend direction for ABG ACQUISITION CORP I - A (ABGI) is Bullish.
Can you provide the RSI signal for ABG ACQUISITION CORP I - A?
ABG ACQUISITION CORP I - A (ABGI) has an RSI value of 74.5823. This indicates that the stock is currently overbought.
What is the buy/sell signal for ABG ACQUISITION CORP I - A (ABGI) stock?
The buy/sell signal for ABG ACQUISITION CORP I - A (ABGI) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for ABG ACQUISITION CORP I - A (ABGI) stock?
ABG ACQUISITION CORP I - A (ABGI) has a support level at 10.17 and a resistance level at 10.2. Check the full technical report for our detailed analysis of ABGI support and resistance levels.