We assign a technical rating of 9 out of 10 to ABMD. Both in the recent history as in the last year, ABMD has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, ABMD also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 381.03. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 380.62, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
245.03
4 important support areas can be observed.
- A support zone ranging from 372.78 to 380.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @260.15 from a trend line in the weekly time frame.
- Support @253.68 from a trend line in the daily time frame.
- Support @247.51 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 381.03 to 381.31. 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 ABMD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABMD is up. |
| ChartMill Relative Strength | 96.07 | POSITIVE | ABMD has a high relative strength, it outperformed 96.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ABMD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ABMD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ABMD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 76.23 | OVERBOUGHT | The high RSI value suggests ABMD may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.68 | NEGATIVE | The MACD value suggests ABMD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 85.46 | OVERBOUGHT | The high Stochastics value suggests ABMD may be overbought. |
| Average True Range in percent/ATR (20) | 0.3 | LOW VOLATILITY | The low ATR as a percentage value for ABMD suggests low volalility. |
| Average Directional Index/ADX (14) | 55.9 | POSITIVE | The high ADX value value for ABMD suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 381.32 | 379.97 | 1.35 (0.35%) | 25.00% |
| An entry @381.32. This is a Buy Stop order right above the resistance zone. | An exit @379.97. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.35 points, which is 0.35%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.09%. |
- The distance between exit and entry is rather small compared to the average daily movement of ABMD. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
381.02
+0.23 (+0.06%)
ABIOMED INC / ABMD FAQ
What is the technical rating for ABMD stock?
ChartMill assigns a technical rating of 8 / 10 to ABMD.
Can you provide the trend direction for ABIOMED INC?
The current trend direction for ABIOMED INC (ABMD) is Bullish.
Can you provide the RSI signal for ABIOMED INC?
ABIOMED INC (ABMD) has an RSI value of 76.2335. This indicates that the stock is currently overbought.
What is the buy/sell signal for ABMD stock?
The buy/sell signal for ABIOMED INC (ABMD) is buy as both the short term and long term trends are positive.
What is the support and resistance level for ABMD stock?
ABIOMED INC (ABMD) has a support level at 380.62 and a resistance level at 381.03. Check the full technical report for our detailed analysis of ABMD support and resistance levels.