AXA ACT BIODIVERSITY EQUCITS (ABIT.DE) Stock Technical Analysis
FRA:ABIT - Deutsche Boerse Ag - IE000SBHVL31 - ETF - Currency: EUR
Taking everything into account, ABIT scores 5 out of 10 in our technical rating. ABIT has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Warning: ABIT has an average volume of 387 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
ABIT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When comparing the performance of all stocks over the past year, ABIT turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
ABIT 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 ABIT is lagging the market slightly.
ABIT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
10.16
12.92
When analyzing the support we can see 2 important areas.
- Support @10.60 from a trend line in the weekly time frame.
- A support zone ranging from 10.26 to 10.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 11.60 to 11.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.79 to 12.79. 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 ABIT.DE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABIT.DE is up. |
| ChartMill Relative Strength | 66.88 | NEUTRAL | ABIT.DE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ABIT.DE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ABIT.DE is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 52.2 | NEUTRAL | The RSI value for ABIT.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ABIT.DE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.33 | NEUTRAL | The Stochastics value for ABIT.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.34 | LOW VOLATILITY | The low ATR as a percentage value for ABIT.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 21.21 | NEUTRAL | The ADX value for ABIT.DE suggests a possible start of a new 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)
FRA:ABIT (6/2/2025, 7:00:00 PM)
11.556
-0.1 (-0.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.84%
1 Week-0.98%
2 Weeks1.08%
1 Month8.71%
3 Month-2.46%
6 Month-5.48%
12 Month10.65%
2 Year19.16%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%1.34%
ATR Inc-58.23%
Range Today0.04
ADR(20)0.09
ADR(20)%0.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.88
Mansfield-0.76
10 Day High11.92
10 Day Low11.53
20 Day High11.92
20 Day Low10.57
52 Week High12.81
52 Week Low10.25
CS1 End10.6
CR1 Start11.6
Volume & EV
DER(3)0%
DER(5)0%
Volume5
Volume Incr-93.24%
Vol(5)33
Vol(50)387.7