ABCOURT MINES INC -CL B (ABI.CA) Stock Technical Analysis
TSX-V:ABI - TSX Venture Exchange - CA00288E3005 - Common Stock - Currency: CAD
Taking everything into account, ABI scores 0 out of 10 in our technical rating. ABI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, ABI is a bad performer in the overall market: 82% of all stocks are doing better.
ABI is part of the Metals & Mining industry. There are 797 other stocks in this industry, of which 65% are performing better than ABI.
In the last month ABI has a been trading in the 0.04 - 0.06 range, which is quite wide. It is currently trading near the lows of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
ABI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ABI is lagging the market.
Although the technical rating is bad, ABI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.05, a Stop Loss order could be placed below this zone.
More info and screens
0.04
0.07
We found 2 important support areas.
- A support zone ranging from 0.05 to 0.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.04 to 0.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 0.05 to 0.05. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @0.06 from a horizontal line in the daily time frame.
- Resistance @0.07 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for ABI.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ABI.CA is neutral. |
| ChartMill Relative Strength | 18.87 | NEGATIVE | ABI.CA has a low relative strength, it was outperformed by 81.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ABI.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ABI.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ABI.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.89 | NEUTRAL | The RSI value for ABI.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ABI.CA has a positive trend. |
| Stochastics (14,3) | 100 | OVERBOUGHT | The high Stochastics value suggests ABI.CA may be overbought. |
| Average True Range in percent/ATR (20) | 9 | HIGH VOLATILITY | The high ATR as a percentage value for ABI.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 46.49 | POSITIVE | The high ADX value value for ABI.CA 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)
TSX-V:ABI (7/11/2025, 7:00:00 PM)
0.05
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week11.11%
2 Weeks11.11%
1 Month-9.09%
3 Month-9.09%
6 Month0%
12 Month0%
2 Year25%
3 Year-16.67%
5 Year-68.75%
10 Year42.86%
15 Year-50%
Volatility
ATR(14)0
ATR(20)%9%
ATR Inc-50%
Range Today0.01
ADR(20)0
ADR(20)%7.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.87
Mansfield-0.94
10 Day High0.05
10 Day Low0.05
20 Day High0.06
20 Day Low0.05
52 Week High0.07
52 Week Low0.04
CS1 End0.05
CR1 Start0.05
Volume & EV
DER(3)0%
DER(5)0%
Volume3.45M
Volume Incr295.13%
Vol(5)1.02M
Vol(50)324.80K