ABVC BIOPHARMA INC (ABVC) Stock Technical Analysis
NASDAQ:ABVC - Nasdaq - US00091F3047 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to ABVC. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month ABVC has a been trading in the 2.39 - 4.95 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that ABVC is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, ABVC also shows a nice and consistent pattern of rising prices.
ABVC is one of the better performing stocks in the Biotechnology industry, it outperforms 98% of 551 stocks in the same industry.
ABVC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ABVC is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although ABVC has an excellent technical rating, it does not present a decent entry opportunity 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
1.48
3.24
When analyzing the support we can see 3 important areas.
- Support @2.74 from a horizontal line in the weekly time frame.
- Support @2.51 from a trend line in the daily time frame.
- Support @1.49 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.19 to 3.21. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for ABVC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ABVC is neutral. |
| ChartMill Relative Strength | 98.9 | POSITIVE | ABVC has a high relative strength, it outperformed 98.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABVC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ABVC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ABVC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.62 | NEUTRAL | The RSI value for ABVC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests ABVC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.27 | NEUTRAL | The Stochastics value for ABVC is a neutral value. |
| Average True Range in percent/ATR (20) | 15.25 | HIGH VOLATILITY | The high ATR as a percentage value for ABVC suggests high volalility. |
| Average Directional Index/ADX (14) | 31.38 | POSITIVE | The high ADX value value for ABVC 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)
2.86
-0.14 (-4.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-4.67%
1 Week-0.69%
2 Weeks-6.84%
1 Month-38.89%
3 Month136.36%
6 Month554.46%
12 Month315.09%
2 Year118.32%
3 Year-71.68%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%15.25%
ATR Inc-11.69%
Range Today0.31
ADR(20)0.43
ADR(20)%14.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.9
Mansfield14.77
10 Day High3.39
10 Day Low2.39
20 Day High4.95
20 Day Low2.39
52 Week High5.48
52 Week Low0.4
CS1 End2.74
CR1 Start3.19
Volume & EV
DER(3)-0.64%
DER(5)-4.47%
Volume184.70K
Volume Incr-57.27%
Vol(5)270.74K
Vol(50)464.87K