We assign a technical rating of 4 out of 10 to ABOS. In the last year, ABOS was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When comparing the performance of all stocks over the past year, ABOS turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
- ABOS is an average performer in the Biotechnology industry, it outperforms 56% of 525 stocks in the same industry.
- ABOS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ABOS is lagging the market.
- In the last month ABOS has a been trading in the 1.67 - 2.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ABOS has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.93, a Stop Loss order could be placed below this zone.
More info and screens
1.52
When analyzing the support we can see 5 important areas.
- A support zone ranging from 1.88 to 1.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.81 from a horizontal line in the weekly time frame.
- Support @1.77 from a trend line in the daily time frame.
- Support @1.72 from a horizontal line in the daily time frame.
- A support zone ranging from 1.54 to 1.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.00 to 2.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.22 from a horizontal 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 | NEUTRAL | NEUTRAL | The short term trend for ABOS is neutral. |
| ChartMill Relative Strength | 55.99 | NEUTRAL | ABOS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ABOS is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ABOS is above 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) | 53.15 | NEUTRAL | The RSI value for ABOS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ABOS has a positive trend. |
| Stochastics (14,3) | 54.96 | NEUTRAL | The Stochastics value for ABOS is a neutral value. |
| Average True Range in percent/ATR (20) | 7.1 | HIGH VOLATILITY | The high ATR as a percentage value for ABOS suggests high volalility. |
| Average Directional Index/ADX (14) | 15.71 | NEGATIVE | The low ADX value for ABOS suggests a weak or negative trend. |
1.98
-0.01 (-0.5%)
ACUMEN PHARMACEUTICALS INC / ABOS FAQ
What is the technical rating for ABOS stock?
ChartMill assigns a technical rating of 4 / 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 Bearish.
What is the RSI signal for ABOS stock?
ACUMEN PHARMACEUTICALS INC (ABOS) has an RSI value of 53.1487. 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 0.00640585, indicating a bearish trend.