ACUMEN PHARMACEUTICALS INC (ABOS) Stock Technical Analysis
USA - NASDAQ:ABOS - US00509G2093 - Common Stock
We assign a technical rating of 3 out of 10 to ABOS. ABOS performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
The technical rating of ABOS is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.33
We found 3 important support areas.
- Support @1.58 from a horizontal line in the daily time frame.
- A support zone ranging from 1.39 to 1.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.34 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @2.13 from a trend line in the weekly time frame.
- Resistance @2.33 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for ABOS is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABOS is down. |
| ChartMill Relative Strength | 26.4 | NEGATIVE | ABOS has a low relative strength, it was outperformed by 73.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABOS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ABOS is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ABOS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.43 | NEUTRAL | The RSI value for ABOS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests ABOS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.94 | OVERSOLD | The low Stochastics value suggests ABOS may be oversold. |
| Average True Range in percent/ATR (20) | 10.7 | HIGH VOLATILITY | The high ATR as a percentage value for ABOS suggests high volalility. |
| Average Directional Index/ADX (14) | 27.1 | POSITIVE | The high ADX value value for ABOS suggests a strong trend. |
1.66
+0.08 (+5.06%)
ACUMEN PHARMACEUTICALS INC / ABOS FAQ
What is the technical rating for ABOS stock?
ChartMill assigns a technical rating of 3 / 10 to ABOS.
What is the trend direction for ABOS stock?
The current trend direction for ACUMEN PHARMACEUTICALS INC (ABOS) is Bearish.
What is the RSI signal for ABOS stock?
ACUMEN PHARMACEUTICALS INC (ABOS) has an RSI value of 39.428. This indicates that the stock is currently neutral.
What are the support and resistance levels for ACUMEN PHARMACEUTICALS INC (ABOS) stock?
ACUMEN PHARMACEUTICALS INC (ABOS) has a support level at 1.58 and a resistance level at 2.13. Check the full technical report for our detailed analysis of ABOS support and resistance levels.