ABITS GROUP INC (ABTS) Stock Technical Analysis
NASDAQ:ABTS - Nasdaq - VGG6S34K1136 - Common Stock - Currency: USD
We assign a technical rating of 3 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.
95% of all other stocks performed better in the past year than ABTS.
ABTS is one of the lesser performing stocks in the Software industry. 83% of 284 stocks in the same industry do better.
ABTS 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 ABTS is lagging the market.
In the last month ABTS has a been trading in the 1.85 - 9.40 range, which is quite wide. It is currently trading near the lows of this range.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
Volume is considerably higher in the last couple of days.
ABTS 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
2.53
8.79
When analyzing the support we notice one important area.
- Support @2.56 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @8.44 from a horizontal line in the daily time frame.
- Resistance @8.70 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.77
Mansfield-4.72
10 Day High9.4
10 Day Low2.25
20 Day High9.4
20 Day Low1.85
52 Week High14.1
52 Week Low1.35
Performance
1 Week-54.93%
2 Weeks35.36%
1 Month92.85%
3 Month-39.84%
6 Month-57.12%
12 Month-61.72%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.09
RSI(14)52.98
LBB0.38
UBB6.28
3.79
+0.59 (+18.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg18.44%
1 Week-54.93%
2 Weeks35.36%
1 Month92.85%
3 Month-39.84%
6 Month-57.12%
12 Month-61.72%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.32
ATR(20)%28.78%
ATR Inc-39.48%
Range Today0.8
ADR(20)0.87
ADR(20)%22.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.77
Mansfield-4.72
10 Day High9.4
10 Day Low2.25
20 Day High9.4
20 Day Low1.85
52 Week High14.1
52 Week Low1.35
CS1 End2.56
CR1 Start8.44
Volume & EV
DER(3)10.75%
DER(5)6.39%
Volume141.29K
Volume Incr-1.21%
Vol(5)325.21K
Vol(50)181.57K