ABSCI CORP (ABSI) Technical Analysis
NASDAQ:ABSI • US00091E1091
Current stock price
ABSI Technical Rating and Analysis
We assign a technical rating of 2 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.
- When comparing the yearly performance of all stocks, ABSI is a bad performer in the overall market: 75% 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.
- ABSI has an average volume of 3555220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- ABSI is part of the Biotechnology industry. There are 517 other stocks in this industry, ABSI did better than 44% of them.
- In the last month ABSI has a been trading in the 2.24 - 3.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ABSI Weekly and Daily overview Charts
ABSI Setup Rating and Analysis
ABSI has a poor technical rating and the quality of the setup is also only medium 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
ABSI Support and Resistance Analysis
2.32
We found 1 important support area.
- A support zone ranging from 2.34 to 2.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 2.83 to 2.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.96 to 2.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 3.07 to 3.09. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @3.68 from a trend line in the weekly time frame.
ABSI Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for ABSI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ABSI is neutral. |
| ChartMill Relative Strength | 25.87 | NEGATIVE | ABSI has a low relative strength, it was outperformed by 74.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ABSI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ABSI is above 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) | 49.91 | NEUTRAL | The RSI value for ABSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ABSI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.58 | NEUTRAL | The Stochastics value for ABSI is a neutral value. |
| Average True Range in percent/ATR (20) | 8.5 | HIGH VOLATILITY | The high ATR as a percentage value for ABSI suggests high volalility. |
| Average Directional Index/ADX (14) | 21.23 | NEUTRAL | The ADX value for ABSI suggests a possible start of a new trend. |
ABSI Chart- and CandleStick Pattern Analysis
ABSI Technicals: Chart, Performance Metrics, Trend & Indicators
2.78
-0.1 (-3.47%)
ABSCI CORP / ABSI TA FAQ
What is the ChartMill technical rating of ABSCI CORP (ABSI) stock?
ChartMill assigns a technical rating of 2 / 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 49.9106. 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 0.0325209, indicating a bearish trend.
What is the support and resistance level for ABSI stock?
ABSCI CORP (ABSI) has a support level at 2.39 and a resistance level at 2.83. Check the full technical report for our detailed analysis of ABSI support and resistance levels.