ABITS GROUP INC (ABTS) Stock Technical Analysis
NASDAQ:ABTS - Nasdaq - VGG6S34K1136 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to ABTS. ABTS 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.
When comparing the yearly performance of all stocks, ABTS is a bad performer in the overall market: 98% of all stocks are doing better.
ABTS is one of the lesser performing stocks in the Software industry. 88% of 282 stocks in the same industry do better.
ABTS 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.
In the last month ABTS has a been trading in the 3.50 - 6.08 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.
The technical rating of ABTS 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
3.56
8.52
We found 1 important support area.
- A support zone ranging from 3.60 to 3.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 6 important resistance areas.
- A resistance zone ranging from 4.30 to 4.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.76 from a trend line in the weekly time frame.
- Resistance @4.92 from a trend line in the daily time frame.
- Resistance @6.55 from a trend line in the weekly time frame.
- Resistance @7.14 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for ABTS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABTS is down. |
| ChartMill Relative Strength | 2.32 | NEGATIVE | ABTS has a low relative strength, it was outperformed by 97.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABTS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ABTS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ABTS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.6 | NEUTRAL | The RSI value for ABTS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests ABTS has a negative trend. |
| Stochastics (14,3) | 8.25 | OVERSOLD | The low Stochastics value suggests ABTS may be oversold. |
| Average True Range in percent/ATR (20) | 12.47 | HIGH VOLATILITY | The high ATR as a percentage value for ABTS suggests high volalility. |
| Average Directional Index/ADX (14) | 19.35 | NEGATIVE | The low ADX value for ABTS 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)
NASDAQ:ABTS (8/4/2025, 8:00:00 PM)
3.72
+0.11 (+3.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg3.05%
1 Week-21.19%
2 Weeks-20.68%
1 Month-16.78%
3 Month-55.77%
6 Month-44.89%
12 Month-48.97%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%12.47%
ATR Inc-2.55%
Range Today0.36
ADR(20)0.45
ADR(20)%12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.32
Mansfield-4.23
10 Day High4.98
10 Day Low3.5
20 Day High6.08
20 Day Low3.5
52 Week High14.1
52 Week Low1.35
CS1 End3.6
CR1 Start4.3
Volume & EV
DER(3)5.49%
DER(5)-2.2%
Volume106.50K
Volume Incr-13.25%
Vol(5)37.30K
Vol(50)46.18K