ABT Technical Analysis - ABITARE IN SPA

Technical Rating and Analysis

Overall ABT gets a technical rating of 0 out of 10. ABT 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.

91% of all other stocks performed better in the past year than ABT.

ABT is one of the lesser performing stocks in the Household Durables industry. 65% of 33 stocks in the same industry do better.

ABT 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.

Warning: ABT has an average volume of 7665 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

In the last month ABT has a been trading in the 2.76 - 3.33 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, ABT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 2.79, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.70

4.02

We found 2 important support areas.

A support zone ranging from 2.79 to 2.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @2.73 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 3.07 to 3.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 3.38 to 3.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @3.98 from a trend line in the weekly time frame.

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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	DOWN	NEGATIVE	The long term trend for ABT.MI is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ABT.MI is down.
ChartMill Relative Strength	9.8	NEGATIVE	ABT.MI has a low relative strength, it was outperformed by 90.2% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ABT.MI is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ABT.MI is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ABT.MI is below a declining SMA(200).
Relative Strength Index/RSI (14)	47.3	NEUTRAL	The RSI value for ABT.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests ABT.MI has a negative trend, although the MACD value is rising.
Stochastics (14,3)	38.55	NEUTRAL	The Stochastics value for ABT.MI is a neutral value.
Average True Range in percent/ATR (20)	3.34	MEDIUM VOLATILITY	The ATR as a percentage value for ABT.MI suggests some volalility.
Average Directional Index/ADX (14)	17.61	NEGATIVE	The low ADX value for ABT.MI suggests a weak or negative trend.