ABLV Technical Analysis - ABLE VIEW GLOBAL INC-B

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to ABLV. ABLV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

When comparing the yearly performance of all stocks, ABLV is a bad performer in the overall market: 77% of all stocks are doing better.

Warning: ABLV has an average volume of 17529 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

ABLV is an average performer in the Media industry, it outperforms 63% of 95 stocks in the same industry.

ABLV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ABLV is lagging the market.

In the last month ABLV has a been trading in the 0.86 - 1.03 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ABLE VIEW GLOBAL INC-B / ABLV Weekly stock chart

ABLE VIEW GLOBAL INC-B / ABLV Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, ABLV does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 0.90, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ABLV in the last couple of days, which is a good sign.

Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.81

1.71

When analyzing the support we can see 3 important areas.

A support zone ranging from 0.90 to 0.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 0.84 to 0.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @0.82 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 5 important areas.

A resistance zone ranging from 0.93 to 0.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 0.95 to 0.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @1.14 from a trend line in the daily time frame.
Resistance @1.26 from a horizontal line in the daily time frame.
Resistance @1.69 from a horizontal line in the weekly time frame.

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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	DOWN	NEGATIVE	The long term trend for ABLV is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ABLV is neutral.
ChartMill Relative Strength	23.54	NEGATIVE	ABLV has a low relative strength, it was outperformed by 76.46% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of ABLV is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ABLV is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of ABLV is below the rising SMA(200).
Relative Strength Index/RSI (14)	48.74	NEUTRAL	The RSI value for ABLV is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests ABLV has a positive trend, although the MACD value is declining.
Stochastics (14,3)	36.76	NEUTRAL	The Stochastics value for ABLV is a neutral value.
Average True Range in percent/ATR (20)	6.74	HIGH VOLATILITY	The high ATR as a percentage value for ABLV suggests high volalility.
Average Directional Index/ADX (14)	44.48	POSITIVE	The high ADX value value for ABLV suggests a strong trend.