ABSCI CORP (ABSI) Technical Analysis
NASDAQ:ABSI • US00091E1091
Current stock price
ABSI Technical Rating and Analysis
Taking everything into account, ABSI scores 3 out of 10 in our technical rating. In the past year, ABSI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 65% of all other stocks performed better in the past year than ABSI.
- 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.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month ABSI has a been trading in the 2.24 - 3.20 range, which is quite wide. It is currently trading near the high of this range.
- ABSI has an average volume of 3438030 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 519 other stocks in this industry, ABSI did better than 50% of them.
- Volume is considerably higher in the last couple of days.
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
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.80 to 2.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.39 from a horizontal line in the weekly time frame.
- Support @2.34 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 3.02 to 3.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 3.09 to 3.13. 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 | UP | POSITIVE | The short term trend for ABSI is up. |
| ChartMill Relative Strength | 35.91 | NEUTRAL | ABSI is not amongst the best or worst performers 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) | UP | MIXED | The current price of ABSI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.24 | NEUTRAL | The RSI value for ABSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ABSI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.69 | NEUTRAL | The Stochastics value for ABSI is a neutral value. |
| Average True Range in percent/ATR (20) | 7.36 | HIGH VOLATILITY | The high ATR as a percentage value for ABSI suggests high volalility. |
| Average Directional Index/ADX (14) | 24.2 | 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
3.01
+0.08 (+2.73%)
ABSCI CORP / ABSI TA FAQ
What is the ChartMill technical rating of ABSCI CORP (ABSI) stock?
ChartMill assigns a technical rating of 3 / 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 57.239. 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 0.0698754, indicating a bearish trend.
What is the support and resistance level for ABSI stock?
ABSCI CORP (ABSI) has a support level at 2.87 and a resistance level at 3.02. Check the full technical report for our detailed analysis of ABSI support and resistance levels.