ABSCI CORP (ABSI) Stock Technical Analysis
NASDAQ:ABSI - US00091E1091 - Common Stock
2.39 USD
-0.08 (-3.24%)
2.4 USD
+0.01 (+0.42%)
Overall ABSI gets a technical rating of 0 out of 10. ABSI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
93% of all other stocks performed better in the past year than ABSI.
ABSI is part of the Biotechnology industry. There are 545 other stocks in this industry, of which 69% are performing better than ABSI.
ABSI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month ABSI has a been trading in the 2.37 - 3.40 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 5448190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
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
2.25
5.89
We found 1 important support area.
- Support @2.27 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 2.74 to 2.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.06 from a trend line in the daily time frame.
- Resistance @3.13 from a horizontal line in the weekly 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 | 7.6 | NEGATIVE | ABSI has a low relative strength, it was outperformed by 92.4% 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) | 33.33 | NEUTRAL | The RSI value for ABSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ABSI has a negative trend. |
| Stochastics (14,3) | 3.55 | OVERSOLD | The low Stochastics value suggests ABSI may be oversold. |
| Average True Range in percent/ATR (20) | 7.16 | HIGH VOLATILITY | The high ATR as a percentage value for ABSI suggests high volalility. |
| Average Directional Index/ADX (14) | 9.55 | NEGATIVE | The low ADX value for ABSI suggests a weak or negative 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)
2.39
-0.08 (-3.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.24%
1 Week-9.13%
2 Weeks-18.43%
1 Month-17.59%
3 Month-9.81%
6 Month-37.92%
12 Month-45.68%
2 Year33.52%
3 Year-29.08%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%7.16%
ATR Inc-30.17%
Range Today0.13
ADR(20)0.17
ADR(20)%7.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.6
Mansfield-3.39
10 Day High2.93
10 Day Low2.37
20 Day High3.4
20 Day Low2.37
52 Week High6.33
52 Week Low2.01
CS1 End2.27
CR1 Start2.74
Volume & EV
DER(3)-6.02%
DER(5)-5.34%
Volume3.09M
Volume Incr-46.9%
Vol(5)2.95M
Vol(50)5.45M