ABVC BIOPHARMA INC (ABVC) Stock Technical Analysis
NASDAQ:ABVC - Nasdaq - US00091F3047 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to ABVC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ABVC is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, ABVC did better than 99% of all other stocks.
ABVC is part of the Biotechnology industry. There are 560 other stocks in this industry. ABVC outperforms 99% of them.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
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 1.58 - 5.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although ABVC has an excellent technical rating, it does not offer a high 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
3.93
4.01
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 | UP | POSITIVE | The short term trend for ABVC is up. |
| ChartMill Relative Strength | 99.42 | POSITIVE | ABVC has a high relative strength, it outperformed 99.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ABVC is above the rising 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) | 64.8 | NEUTRAL | The RSI value for ABVC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests ABVC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.3 | NEUTRAL | The Stochastics value for ABVC is a neutral value. |
| Average True Range in percent/ATR (20) | 12.23 | HIGH VOLATILITY | The high ATR as a percentage value for ABVC suggests high volalility. |
| Average Directional Index/ADX (14) | 60.77 | 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)
3.97
+0.62 (+18.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg18.51%
1 Week27.65%
2 Weeks81.28%
1 Month137.73%
3 Month334.35%
6 Month616.61%
12 Month401.9%
2 Year59.44%
3 Year-38.92%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.61
ATR(20)%12.23%
ATR Inc176.76%
Range Today0.71
ADR(20)0.47
ADR(20)%11.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.42
Mansfield30.67
10 Day High5.48
10 Day Low2.16
20 Day High5.48
20 Day Low1.58
52 Week High5.48
52 Week Low0.4
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)-2.98%
DER(5)-2.35%
Volume1.19M
Volume Incr213.7%
Vol(5)1.37M
Vol(50)469.36K