ACUMEN PHARMACEUTICALS INC (ABOS) Stock Technical Analysis
NASDAQ:ABOS - Nasdaq - US00509G2093 - Common Stock - Currency: USD
Overall ABOS gets a technical rating of 2 out of 10. ABOS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
94% of all other stocks performed better in the past year than ABOS.
ABOS is part of the Biotechnology industry. There are 559 other stocks in this industry, of which 66% are performing better than ABOS.
ABOS is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ABOS is lagging the market.
In the last month ABOS has a been trading in the 0.99 - 1.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
0.96
2.11
2 important support areas can be observed.
- Support @1.03 from a trend line in the daily time frame.
- Support @0.97 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 1.20 to 1.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.28 from a horizontal line in the daily time frame.
- Resistance @1.39 from a trend line in the weekly time frame.
- Resistance @2.09 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for ABOS is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ABOS is neutral. |
| ChartMill Relative Strength | 6.92 | NEGATIVE | ABOS has a low relative strength, it was outperformed by 93.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ABOS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ABOS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ABOS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.47 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 43.68 | NEUTRAL | The Stochastics value for ABOS is a neutral value. |
| Average True Range in percent/ATR (20) | 6.6 | HIGH VOLATILITY | The high ATR as a percentage value for ABOS suggests high volalility. |
| Average Directional Index/ADX (14) | 24.82 | NEUTRAL | The ADX value for ABOS suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.07
-0.07 (-6.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-6.14%
1 Week-10.83%
2 Weeks4.9%
1 Month5.94%
3 Month-15.08%
6 Month-47.29%
12 Month-59.47%
2 Year-77.75%
3 Year-77.23%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%6.6%
ATR Inc-6.8%
Range Today0.06
ADR(20)0.07
ADR(20)%6.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.92
Mansfield-4.76
10 Day High1.28
10 Day Low1
20 Day High1.28
20 Day Low0.99
52 Week High3.6
52 Week Low0.86
CS1 End1.03
CR1 Start1.2
Volume & EV
DER(3)-5.33%
DER(5)-1.82%
Volume199.30K
Volume Incr15.7%
Vol(5)265.48K
Vol(50)235.89K