ACUMEN PHARMACEUTICALS INC (ABOS) Technical Analysis
NASDAQ:ABOS • US00509G2093
Overall ABOS gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ABOS is showing a nice and steady performance.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that ABOS is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, ABOS also shows a nice and consistent pattern of rising prices.
- ABOS is part of the Biotechnology industry. There are 520 other stocks in this industry. ABOS outperforms 91% of them.
- ABOS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ABOS has a been trading in the 2.21 - 3.41 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
1.91
When analyzing the support we can see 3 important areas.
- Support @2.81 from a trend line in the daily time frame.
- Support @2.09 from a trend line in the weekly time frame.
- Support @1.93 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.32 to 3.32. 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 ABOS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABOS is up. |
| ChartMill Relative Strength | 97.41 | POSITIVE | ABOS has a high relative strength, it outperformed 97.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ABOS is above the rising 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) | 74.1 | OVERBOUGHT | The high RSI value suggests ABOS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ABOS has a positive trend. |
| Stochastics (14,3) | 93.29 | OVERBOUGHT | The high Stochastics value suggests ABOS may be overbought. |
| Average True Range in percent/ATR (20) | 7.31 | HIGH VOLATILITY | The high ATR as a percentage value for ABOS suggests high volalility. |
| Average Directional Index/ADX (14) | 44.73 | POSITIVE | The high ADX value value for ABOS suggests a strong trend. |
ABOS Technicals: Chart, Performance Metrics, Trend & Indicators
3.31
0 (0%)
ACUMEN PHARMACEUTICALS INC / ABOS FAQ
What is the technical rating for ABOS stock?
ChartMill assigns a technical rating of 10 / 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 74.0954. This indicates that the stock is currently overbought.
Can you provide the MACD signal for ACUMEN PHARMACEUTICALS INC?
The MACD indicator for ACUMEN PHARMACEUTICALS INC (ABOS) has a value of 0.065476, 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 buy as both the short term and long term trends are positive.