ABCOURT MINES INC -CL B (ABI.CA) Stock Technical Analysis
TSX-V:ABI - TSX Venture Exchange - CA00288E3005 - Common Stock - Currency: CAD
We assign a technical rating of 2 out of 10 to ABI. ABI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month ABI has a been trading in the 0.04 - 0.05 range, which is quite wide. It is currently trading near the high 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.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
When compared to the yearly performance of all other stocks, ABI outperforms 53% of them, which is more or less in line with the market.
ABI is part of the Metals & Mining industry. There are 806 other stocks in this industry, ABI did better than 44% of them.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ABI has a bad technical rating, but it does show a decent setup pattern. 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.
3 important resistance areas can be observed.
- 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 | UP | POSITIVE | The short term trend for ABI.CA is up. |
| ChartMill Relative Strength | 53.09 | NEUTRAL | ABI.CA is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of ABI.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.75 | 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) | 8 | HIGH VOLATILITY | The high ATR as a percentage value for ABI.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 43.46 | 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 (7/29/2025, 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 Month0%
3 Month11.11%
6 Month-9.09%
12 Month11.11%
2 Year25%
3 Year-16.67%
5 Year-68.75%
10 Year42.86%
15 Year-50%
Volatility
ATR(14)0
ATR(20)%8%
ATR Inc-100%
Range Today0
ADR(20)0
ADR(20)%6.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.09
Mansfield-1.11
10 Day High0.05
10 Day Low0.04
20 Day High0.05
20 Day Low0.04
52 Week High0.07
52 Week Low0.04
CS1 End0.05
CR1 Start0.05
Volume & EV
DER(3)0%
DER(5)0%
Volume919.00K
Volume Incr49.77%
Vol(5)807.10K
Vol(50)424.14K