We assign a technical rating of 0 out of 10 to ABSI. ABSI'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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, ABSI is a bad performer in the overall market: 89% of all stocks are doing better.
- ABSI is one of the lesser performing stocks in the Biotechnology industry. 68% of 523 stocks in the same industry do better.
- ABSI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month ABSI has a been trading in the 2.46 - 3.51 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.
- ABSI has an average volume of 3718800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of ABSI 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
2.36
When analyzing the support we can see 2 important areas.
- Support @2.51 from a trend line in the weekly time frame.
- Support @2.38 from a horizontal line in the weekly time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 2.91 to 2.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @3.10 from a horizontal line in the daily time frame.
- Resistance @3.66 from a trend line in the daily time frame.
- A resistance zone ranging from 3.94 to 3.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.83 from a horizontal 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 ABSI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABSI is down. |
| ChartMill Relative Strength | 11.17 | NEGATIVE | ABSI has a low relative strength, it was outperformed by 88.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABSI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ABSI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ABSI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.59 | NEUTRAL | The RSI value for ABSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ABSI has a negative trend. |
| Stochastics (14,3) | 19.22 | OVERSOLD | The low Stochastics value suggests ABSI may be oversold. |
| Average True Range in percent/ATR (20) | 7.87 | HIGH VOLATILITY | The high ATR as a percentage value for ABSI suggests high volalility. |
| Average Directional Index/ADX (14) | 16.44 | NEGATIVE | The low ADX value for ABSI suggests a weak or negative trend. |
2.695
+0.17 (+6.52%)
ABSCI CORP / ABSI FAQ
What is the ChartMill technical rating of ABSCI CORP (ABSI) stock?
ChartMill assigns a technical rating of 0 / 10 to ABSI.
Can you provide the trend direction for ABSCI CORP?
The current trend direction for ABSCI CORP (ABSI) is Bearish.
What is the RSI signal for ABSCI CORP (ABSI) stock?
ABSCI CORP (ABSI) has an RSI value of 38.5862. This indicates that the stock is currently neutral.
What is the MACD signal for ABSI stock?
The MACD indicator for ABSCI CORP (ABSI) has a value of -0.0284652, indicating a bearish trend.
What is the support and resistance level for ABSI stock?
ABSCI CORP (ABSI) has a support level at 2.51 and a resistance level at 2.91. Check the full technical report for our detailed analysis of ABSI support and resistance levels.