ABPRO HOLDINGS INC (ABP) Stock Technical Analysis
NASDAQ:ABP • US0008472021
Taking everything into account, ABP scores 0 out of 10 in our technical rating. ABP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 100% of all other stocks performed better in the past year than ABP.
- ABP is part of the Biotechnology industry. There are 521 other stocks in this industry, of which 93% are performing better than ABP.
- ABP is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month ABP has a been trading in the 0.52 - 2.97 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.
- ABP has an average volume of 2034730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of ABP 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
0.52
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 ABP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABP is down. |
| ChartMill Relative Strength | 0.23 | NEGATIVE | ABP has a low relative strength, it was outperformed by 99.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ABP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ABP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 22.04 | OVERSOLD | The low RSI value suggests ABP may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ABP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.34 | OVERSOLD | The low Stochastics value suggests ABP may be oversold. |
| Average True Range in percent/ATR (20) | 73.06 | HIGH VOLATILITY | The high ATR as a percentage value for ABP suggests high volalility. |
| Average Directional Index/ADX (14) | 23.33 | NEUTRAL | The ADX value for ABP suggests a possible start of a new trend. |
0.522
-0.28 (-34.76%)
ABPRO HOLDINGS INC / ABP FAQ
What is the technical rating for ABP stock?
ChartMill assigns a technical rating of 0 / 10 to ABP.
What is the current trend direction of ABPRO HOLDINGS INC (ABP) stock?
The current trend direction for ABPRO HOLDINGS INC (ABP) is Bearish.
What is the RSI signal for ABPRO HOLDINGS INC (ABP) stock?
ABPRO HOLDINGS INC (ABP) has an RSI value of 22.0386. This indicates that the stock is currently oversold.
Can you provide the short term momentum for ABPRO HOLDINGS INC?
The short term momentum for ABPRO HOLDINGS INC (ABP) is negative.