ABITS GROUP INC (ABTS) Technical Analysis
NASDAQ:ABTS • VGG6S34K1136
Current stock price
ABTS Technical Rating and Analysis
Overall ABTS gets a technical rating of 0 out of 10. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 96% of all other stocks performed better in the past year than ABTS.
- ABTS is part of the Software industry. There are 275 other stocks in this industry, of which 78% are performing better than ABTS.
- ABTS 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 ABTS has a been trading in the 1.15 - 2.85 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.
- Considerably lower volume is observed in the last couple of days.
ABTS Weekly and Daily overview Charts
ABTS Setup Rating and Analysis
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
ABTS Support and Resistance Analysis
1.17
We found 1 important resistance area.
- A resistance zone ranging from 1.99 to 2.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
ABTS 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 ABTS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABTS is down. |
| ChartMill Relative Strength | 4.19 | NEGATIVE | ABTS has a low relative strength, it was outperformed by 95.81% 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) | 24.44 | OVERSOLD | The low RSI value suggests ABTS may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ABTS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.5 | OVERSOLD | The low Stochastics value suggests ABTS may be oversold. |
| Average True Range in percent/ATR (20) | 22.83 | HIGH VOLATILITY | The high ATR as a percentage value for ABTS suggests high volalility. |
| Average Directional Index/ADX (14) | 27.79 | POSITIVE | The high ADX value value for ABTS suggests a strong trend. |
ABTS Chart- and CandleStick Pattern Analysis
ABTS Technicals: Chart, Performance Metrics, Trend & Indicators
1.18
-0.12 (-9.23%)
ABITS GROUP INC / ABTS TA FAQ
What is the ChartMill technical rating of ABITS GROUP INC (ABTS) stock?
ChartMill assigns a technical rating of 0 / 10 to ABTS.
What is the current trend direction of ABITS GROUP INC (ABTS) stock?
The current trend direction for ABITS GROUP INC (ABTS) is Bearish.
What is the RSI signal for ABITS GROUP INC (ABTS) stock?
ABITS GROUP INC (ABTS) has an RSI value of 24.4443. This indicates that the stock is currently oversold.
What is the buy/sell signal for ABTS stock?
The buy/sell signal for ABITS GROUP INC (ABTS) is sell as both the short term and long term trends are negative.
What is the support and resistance level for ABTS stock?
ABITS GROUP INC (ABTS) has a resistance level at 1.99. Check the full technical report for our detailed analysis of ABTS support and resistance levels.