ABITS GROUP INC (ABTS) Stock Technical Analysis
NASDAQ:ABTS - Nasdaq - VGG6S34K1136 - Common Stock - Currency: USD
Taking everything into account, ABTS scores 7 out of 10 in our technical rating. Although ABTS has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
ABTS is one of the better performing stocks in the Software industry, it outperforms 92% of 282 stocks in the same industry.
In the last month ABTS has a been trading in the 3.06 - 6.08 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that ABTS is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this relatively good performance is mostly due to a recent big move.
ABTS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ABTS is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ABTS has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
4.02
8.52
2 important support areas can be observed.
- Support @4.33 from a trend line in the weekly time frame.
- Support @4.06 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- Resistance @7.12 from a trend line in the weekly time frame.
- Resistance @7.49 from a trend line in the daily time frame.
- Resistance @7.77 from a trend line in the weekly time frame.
- Resistance @8.44 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for ABTS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABTS is up. |
| ChartMill Relative Strength | 96.96 | POSITIVE | ABTS has a high relative strength, it outperformed 96.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ABTS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ABTS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ABTS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.87 | NEUTRAL | The RSI value for ABTS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests ABTS has a positive trend. |
| Stochastics (14,3) | 68.32 | NEUTRAL | The Stochastics value for ABTS is a neutral value. |
| Average True Range in percent/ATR (20) | 9.65 | HIGH VOLATILITY | The high ATR as a percentage value for ABTS suggests high volalility. |
| Average Directional Index/ADX (14) | 30.05 | POSITIVE | The high ADX value value for ABTS suggests a strong 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)
5.88
+1.41 (+31.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg31.54%
1 Week20.49%
2 Weeks52.62%
1 Month31.54%
3 Month232.82%
6 Month-12.91%
12 Month-23.14%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.6
ATR(20)%9.65%
ATR Inc92.39%
Range Today1.58
ADR(20)0.56
ADR(20)%9.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.96
Mansfield-1.28
10 Day High6.08
10 Day Low3.53
20 Day High6.08
20 Day Low3.06
52 Week High14.1
52 Week Low1.35
CS1 End4.33
CR1 Start7.12
Volume & EV
DER(3)-0.25%
DER(5)-4.23%
Volume142.10K
Volume Incr-10.07%
Vol(5)46.62K
Vol(50)200.91K