ABVC BIOPHARMA INC (ABVC) Stock Technical Analysis
USA - NASDAQ:ABVC - US00091F3047 - Common Stock
2.66 USD
-0.06 (-2.21%)
2.6042 USD
-0.06 (-2.1%)
Taking everything into account, ABVC scores 5 out of 10 in our technical rating. ABVC was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month ABVC has a been trading in the 2.63 - 3.06 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.
Looking at the yearly performance, ABVC did better than 98% of all other stocks.
ABVC is part of the Biotechnology industry. There are 533 other stocks in this industry. ABVC outperforms 95% of them.
ABVC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ABVC is lagging the market slightly.
Although the technical rating is only medium, ABVC does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
2.63
3.33
3 important resistance areas can be observed.
- A resistance zone ranging from 2.85 to 2.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.00 to 3.00. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @3.30 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 | 98.96 | POSITIVE | ABVC has a high relative strength, it outperformed 98.96% 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) | DOWN | NEGATIVE | The current price of ABVC is below a declining 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) | 40.17 | NEUTRAL | The RSI value for ABVC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ABVC has a negative trend. |
| Stochastics (14,3) | 25.95 | NEUTRAL | The Stochastics value for ABVC is a neutral value. |
| Average True Range in percent/ATR (20) | 6.52 | HIGH VOLATILITY | The high ATR as a percentage value for ABVC suggests high volalility. |
| Average Directional Index/ADX (14) | 10.88 | 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)
2.66
-0.06 (-2.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.21%
1 Week-5%
2 Weeks-6.34%
1 Month-8.9%
3 Month-17.13%
6 Month131.3%
12 Month384.69%
2 Year111.11%
3 Year-63.99%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%6.52%
ATR Inc39.72%
Range Today0.26
ADR(20)0.17
ADR(20)%6.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.96
3 months CRS19.14
6 months CRS97.44
Mansfield4.62
10 Day High3.06
10 Day Low2.63
20 Day High3.06
20 Day Low2.63
52 Week High5.48
52 Week Low0.4
CS1 EndN/A
CR1 Start2.85
Volume & EV
DER(3)-9.11%
DER(5)-0.62%
Volume61.46K
Volume Incr-1.96%
Vol(5)61.00K
Vol(50)82.11K
ABVC BIOPHARMA INC / ABVC FAQ
Can you provide the ChartMill technical rating for ABVC BIOPHARMA INC?
ChartMill assigns a technical rating of 5 / 10 to ABVC.
What is the trend direction for ABVC stock?
The current trend direction for ABVC BIOPHARMA INC (ABVC) is Bullish.
What is the RSI signal for ABVC BIOPHARMA INC (ABVC) stock?
ABVC BIOPHARMA INC (ABVC) has an RSI value of 40.1746. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ABVC BIOPHARMA INC?
The short term momentum for ABVC BIOPHARMA INC (ABVC) is neutral.