ABITS GROUP INC (ABTS) Stock Technical Analysis
NASDAQ:ABTS - Nasdaq - VGG6S34K1136 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to ABTS. In the past year, ABTS was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, ABTS is a bad performer in the overall market: 72% of all stocks are doing 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 3.12 - 4.80 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
ABTS is an average performer in the Software industry, it outperforms 44% of 284 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, ABTS does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
3.20
8.52
When analyzing the support we notice one important area.
- A support zone ranging from 3.23 to 3.27. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 4.78 to 4.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.69 from a trend line in the weekly time frame.
- Resistance @7.89 from a trend line in the daily time frame.
- Resistance @8.05 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 | DOWN | NEGATIVE | The long term trend for ABTS is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABTS is up. |
| ChartMill Relative Strength | 28.55 | NEGATIVE | ABTS has a low relative strength, it was outperformed by 71.45% 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 | NEGATIVE | The current price of ABTS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.12 | NEUTRAL | The RSI value for ABTS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ABTS has a negative trend. |
| Stochastics (14,3) | 67.85 | NEUTRAL | The Stochastics value for ABTS is a neutral value. |
| Average True Range in percent/ATR (20) | 12.32 | HIGH VOLATILITY | The high ATR as a percentage value for ABTS suggests high volalility. |
| Average Directional Index/ADX (14) | 54.03 | 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)
NASDAQ:ABTS (6/13/2025, 8:00:00 PM)
4.26
-0.17 (-3.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-3.84%
1 Week-10.69%
2 Weeks3.9%
1 Month33.13%
3 Month34.81%
6 Month-42.58%
12 Month-45.93%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%12.32%
ATR Inc27.9%
Range Today0.61
ADR(20)0.52
ADR(20)%12.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.55
Mansfield-3.68
10 Day High4.8
10 Day Low3.75
20 Day High4.8
20 Day Low3.12
52 Week High14.1
52 Week Low1.35
CS1 End3.27
CR1 Start4.78
Volume & EV
DER(3)-3.59%
DER(5)-5.82%
Volume96.90K
Volume Incr-85.47%
Vol(5)62.60K
Vol(50)193.53K