ABSCI CORP (ABSI) Stock Technical Analysis
NASDAQ:ABSI - Nasdaq - US00091E1091 - Common Stock - Currency: USD
Taking everything into account, ABSI scores 0 out of 10 in our technical rating. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, ABSI is a bad performer in the overall market: 92% of all stocks are doing better.
ABSI is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ABSI is lagging the market.
In the last month ABSI has a been trading in the 2.62 - 3.65 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 3190680 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ABSI is part of the Biotechnology industry. There are 561 other stocks in this industry, ABSI did better than 40% of them.
ABSI has a poor technical rating and the quality of the setup is also only medium at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
2.25
5.89
3 important support areas can be observed.
- Support @2.65 from a horizontal line in the daily time frame.
- Support @2.38 from a trend line in the weekly time frame.
- Support @2.27 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 2.83 to 2.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.97 from a horizontal line in the daily time frame.
- Resistance @3.21 from a horizontal line in the daily time frame.
- 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 | 8.46 | NEGATIVE | ABSI has a low relative strength, it was outperformed by 91.54% 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) | 40.15 | NEUTRAL | The RSI value for ABSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ABSI has a negative trend. |
| Stochastics (14,3) | 9.39 | OVERSOLD | The low Stochastics value suggests ABSI may be oversold. |
| Average True Range in percent/ATR (20) | 7.99 | HIGH VOLATILITY | The high ATR as a percentage value for ABSI suggests high volalility. |
| Average Directional Index/ADX (14) | 20.46 | NEUTRAL | The ADX value for ABSI suggests a possible start of a new 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)
2.66
-0.04 (-1.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.48%
1 Week-10.14%
2 Weeks-5%
1 Month-17.39%
3 Month-46.37%
6 Month3.91%
12 Month-36.82%
2 Year40%
3 Year-27.12%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%7.99%
ATR Inc-54.84%
Range Today0.09
ADR(20)0.21
ADR(20)%7.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.46
Mansfield-2.79
10 Day High3.65
10 Day Low2.63
20 Day High3.65
20 Day Low2.62
52 Week High6.33
52 Week Low2.01
CS1 End2.65
CR1 Start2.83
Volume & EV
DER(3)-6.49%
DER(5)-6.86%
Volume2.24M
Volume Incr2.93%
Vol(5)2.78M
Vol(50)3.19M