ABVC BIOPHARMA INC (ABVC) Stock Technical Analysis
NASDAQ:ABVC - US00091F3047 - Common Stock
2.83 USD
-0.25 (-8.12%)
2.85 USD
+0.02 (+0.71%)
We assign a technical rating of 10 out of 10 to ABVC. Both in the recent history as in the last year, ABVC has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
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. We also observe that the gains produced by ABVC over the past year are nicely spread over this period.
ABVC is part of the Biotechnology industry. There are 547 other stocks in this industry. ABVC outperforms 97% of them.
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.
In the last month ABVC has a been trading in the 2.59 - 3.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, ABVC also presents a decent setup pattern. Prices have been consolidating lately.
More info and screens
2.65
3.25
2 important support areas can be observed.
- Support @2.82 from a horizontal line in the daily time frame.
- A support zone ranging from 2.68 to 2.69. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 2.98 to 3.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @3.22 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 | 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 | 98.78 | POSITIVE | ABVC has a high relative strength, it outperformed 98.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ABVC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ABVC is below 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) | 46.74 | NEUTRAL | The RSI value for ABVC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ABVC has a negative trend. |
| Stochastics (14,3) | 37.19 | NEUTRAL | The Stochastics value for ABVC is a neutral value. |
| Average True Range in percent/ATR (20) | 8.97 | HIGH VOLATILITY | The high ATR as a percentage value for ABVC suggests high volalility. |
| Average Directional Index/ADX (14) | 17.66 | NEGATIVE | The low ADX value for ABVC suggests a weak or negative 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)
2.83
-0.25 (-8.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-8.12%
1 Week-11.84%
2 Weeks-14.24%
1 Month2.91%
3 Month106.57%
6 Month310.09%
12 Month319.07%
2 Year116.03%
3 Year-71.98%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%8.97%
ATR Inc12.58%
Range Today0.35
ADR(20)0.25
ADR(20)%8.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.78
Mansfield11.64
10 Day High3.35
10 Day Low2.78
20 Day High3.38
20 Day Low2.59
52 Week High5.48
52 Week Low0.4
CS1 End2.82
CR1 Start2.98
Volume & EV
DER(3)-6.54%
DER(5)-8.7%
Volume134.10K
Volume Incr-46.82%
Vol(5)96.64K
Vol(50)400.04K