We assign a technical rating of 9 out of 10 to ABOS. 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.
Although ABOS has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.44
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.66 to 1.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.45 to 1.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @2.22 from a horizontal line in the weekly time frame.
- Resistance @2.34 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 | 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 | 89.9 | POSITIVE | ABOS has a high relative strength, it outperformed 89.9% 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) | 60.57 | NEUTRAL | The RSI value for ABOS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ABOS has a positive trend. |
| Stochastics (14,3) | 83.96 | OVERBOUGHT | The high Stochastics value suggests ABOS may be overbought. |
| Average True Range in percent/ATR (20) | 6.95 | HIGH VOLATILITY | The high ATR as a percentage value for ABOS suggests high volalility. |
| Average Directional Index/ADX (14) | 16.28 | NEGATIVE | The low ADX value for ABOS suggests a weak or negative trend. |
2.14
+0.18 (+9.18%)
ACUMEN PHARMACEUTICALS INC / ABOS FAQ
What is the technical rating for ABOS stock?
ChartMill assigns a technical rating of 9 / 10 to ABOS.
What is the trend direction for 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 60.5655. This indicates that the stock is currently neutral.
What is the buy/sell signal for ACUMEN PHARMACEUTICALS INC (ABOS) stock?
The buy/sell signal for ACUMEN PHARMACEUTICALS INC (ABOS) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for ACUMEN PHARMACEUTICALS INC (ABOS) stock?
ACUMEN PHARMACEUTICALS INC (ABOS) has a support level at 1.67 and a resistance level at 2.22. Check the full technical report for our detailed analysis of ABOS support and resistance levels.