ABVC BIOPHARMA INC (ABVC) Technical Analysis
NASDAQ:ABVC • US00091F3047
Current stock price
ABVC Technical Rating and Analysis
Taking everything into account, ABVC scores 0 out of 10 in our technical rating. ABVC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, ABVC is a bad performer in the overall market: 70% of all stocks are doing better.
- ABVC is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ABVC is lagging the market.
- ABVC is part of the Biotechnology industry. There are 517 other stocks in this industry, ABVC did better than 41% of them.
- In the last month ABVC has a been trading in the 0.88 - 1.51 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
ABVC Weekly and Daily overview Charts
ABVC Setup Rating and Analysis
The technical rating of ABVC 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
ABVC Support and Resistance Analysis
0.98
We found 1 important support area.
- Support @0.99 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.10 to 1.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.16 from a trend line in the daily time frame.
- A resistance zone ranging from 1.20 to 1.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
ABVC 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 ABVC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABVC is down. |
| ChartMill Relative Strength | 30.13 | NEUTRAL | ABVC is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of ABVC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ABVC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39 | NEUTRAL | The RSI value for ABVC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ABVC has a positive trend. |
| Stochastics (14,3) | 31.64 | NEUTRAL | The Stochastics value for ABVC is a neutral value. |
| Average True Range in percent/ATR (20) | 11.06 | HIGH VOLATILITY | The high ATR as a percentage value for ABVC suggests high volalility. |
| Average Directional Index/ADX (14) | 27.62 | POSITIVE | The high ADX value value for ABVC suggests a strong trend. |
ABVC Chart- and CandleStick Pattern Analysis
ABVC Technicals: Chart, Performance Metrics, Trend & Indicators
1.09
+0.01 (+0.93%)
ABVC BIOPHARMA INC / ABVC TA FAQ
What is the ChartMill technical rating of ABVC BIOPHARMA INC (ABVC) stock?
ChartMill assigns a technical rating of 0 / 10 to ABVC.
Can you provide the trend direction for ABVC BIOPHARMA INC?
The current trend direction for ABVC BIOPHARMA INC (ABVC) is Bearish.
Can you provide the RSI signal for ABVC BIOPHARMA INC?
ABVC BIOPHARMA INC (ABVC) has an RSI value of 38.9992. This indicates that the stock is currently neutral.
What is the MACD signal for ABVC stock?
The MACD indicator for ABVC BIOPHARMA INC (ABVC) has a value of 0.000956432, indicating a bearish trend.
What is the short term momentum for ABVC BIOPHARMA INC (ABVC) stock?
The short term momentum for ABVC BIOPHARMA INC (ABVC) is negative.