ABPRO HOLDINGS INC (ABP) Stock Technical Analysis
NASDAQ:ABP - Nasdaq - US0008471031 - Common Stock - Currency: USD
Overall ABP gets a technical rating of 2 out of 10. ABP 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.
When comparing the yearly performance of all stocks, ABP is a bad performer in the overall market: 100% of all stocks are doing better.
ABP is one of the lesser performing stocks in the Biotechnology industry. 91% of 551 stocks in the same industry do better.
In the last month ABP has a been trading in the 0.19 - 0.46 range, which is quite wide. It is currently trading near the lows of this range.
ABP has an average volume of 12202400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
ABP has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
0.20
0.33
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.24 to 0.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.20 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 0.27 to 0.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.31 from a trend line in the daily time frame.
- Resistance @0.33 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 | DOWN | NEGATIVE | The long term trend for ABP is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ABP is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | ABP has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ABP is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ABP is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 49.72 | NEUTRAL | The RSI value for ABP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ABP has a negative trend. |
| Stochastics (14,3) | 19.17 | OVERSOLD | The low Stochastics value suggests ABP may be oversold. |
| Average True Range in percent/ATR (20) | 19.05 | HIGH VOLATILITY | The high ATR as a percentage value for ABP suggests high volalility. |
| Average Directional Index/ADX (14) | 38 | POSITIVE | The high ADX value value for ABP suggests a strong 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)
0.246
+0.01 (+2.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.71%
1 Week3.32%
2 Weeks-22%
1 Month19.07%
3 Month23%
6 Month-77.01%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%19.05%
ATR Inc-57.15%
Range Today0.03
ADR(20)0.04
ADR(20)%18.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High0.46
10 Day Low0.23
20 Day High0.46
20 Day Low0.19
52 Week HighN/A
52 Week LowN/A
CS1 End0.24
CR1 Start0.27
Volume & EV
DER(3)-5.81%
DER(5)-4.46%
Volume3.11M
Volume Incr-17.18%
Vol(5)16.77M
Vol(50)12.20M