ACUMEN PHARMACEUTICALS INC (ABOS) Technical Analysis
NASDAQ:ABOS • US00509G2093
Current stock price
ABOS Technical Rating and Analysis
Taking everything into account, ABOS scores 7 out of 10 in our technical rating. In the last year, ABOS was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- In the last month ABOS has a been trading in the 2.25 - 3.60 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- When comparing the yearly performance of all stocks, we notice that ABOS is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by ABOS over the past year are nicely spread over this period.
- ABOS is part of the Biotechnology industry. There are 519 other stocks in this industry. ABOS outperforms 79% of them.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- ABOS 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 ABOS is lagging the market slightly.
ABOS Weekly and Daily overview Charts
ABOS Setup Rating and Analysis
Although ABOS has an excellent technical rating, it does not present a decent entry opportunity 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
ABOS Support and Resistance Analysis
1.68
When analyzing the support we can see 5 important areas.
- A support zone ranging from 2.25 to 2.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.19 from a trend line in the weekly time frame.
- Support @2.03 from a trend line in the daily time frame.
- Support @1.97 from a trend line in the daily time frame.
- Support @1.70 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.27 to 3.30. This zone is formed by a combination of multiple trend lines in the weekly time frame.
ABOS 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 | UP | POSITIVE | The long term trend for ABOS is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABOS is down. |
| ChartMill Relative Strength | 92.41 | POSITIVE | ABOS has a high relative strength, it outperformed 92.41% 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) | 31.15 | NEUTRAL | The RSI value for ABOS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests ABOS has a negative trend. |
| Stochastics (14,3) | 8.78 | OVERSOLD | The low Stochastics value suggests ABOS may be oversold. |
| Average True Range in percent/ATR (20) | 12.66 | HIGH VOLATILITY | The high ATR as a percentage value for ABOS suggests high volalility. |
| Average Directional Index/ADX (14) | 29.55 | POSITIVE | The high ADX value value for ABOS suggests a strong trend. |
ABOS Chart- and CandleStick Pattern Analysis
ABOS Technicals: Chart, Performance Metrics, Trend & Indicators
2.26
-0.29 (-11.37%)
ACUMEN PHARMACEUTICALS INC / ABOS TA FAQ
What is the technical rating for ABOS stock?
ChartMill assigns a technical rating of 7 / 10 to ABOS.
What is the current trend direction of ACUMEN PHARMACEUTICALS INC (ABOS) stock?
The current trend direction for ACUMEN PHARMACEUTICALS INC (ABOS) is Bullish.
What is the RSI signal for ABOS stock?
ACUMEN PHARMACEUTICALS INC (ABOS) has an RSI value of 31.15. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ACUMEN PHARMACEUTICALS INC?
The MACD indicator for ACUMEN PHARMACEUTICALS INC (ABOS) has a value of -0.120707, indicating a bearish trend.
Can you provide the buy/sell signal for ACUMEN PHARMACEUTICALS INC?
The buy/sell signal for ACUMEN PHARMACEUTICALS INC (ABOS) is hold as the short term and long term trends are mixed.