USA - NASDAQ:ABVE - CA00373V1004 - Common Stock
We assign a technical rating of 9 out of 10 to ABVE. Both in the recent history as in the last year, ABVE has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, ABVE also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
2.17
When analyzing the support we notice one important area.
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 ABVE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ABVE is neutral. |
| ChartMill Relative Strength | 99.47 | POSITIVE | ABVE has a high relative strength, it outperformed 99.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ABVE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ABVE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ABVE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.83 | NEUTRAL | The RSI value for ABVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests ABVE has a negative trend. |
| Stochastics (14,3) | 14.24 | OVERSOLD | The low Stochastics value suggests ABVE may be oversold. |
| Average True Range in percent/ATR (20) | 26.21 | HIGH VOLATILITY | The high ATR as a percentage value for ABVE suggests high volalility. |
| Average Directional Index/ADX (14) | 41.07 | POSITIVE | The high ADX value value for ABVE suggests a strong trend. |
3.6
-0.18 (-4.76%)
ChartMill assigns a technical rating of 9 / 10 to ABVE.
The current trend direction for ABOVE FOOD INGREDIENTS INC (ABVE) is Bullish.
ABOVE FOOD INGREDIENTS INC (ABVE) has an RSI value of 47.826. This indicates that the stock is currently neutral.
The MACD indicator for ABOVE FOOD INGREDIENTS INC (ABVE) has a value of -0.189949, indicating a bearish trend.