Overall ABVE gets a technical rating of 7 out of 10. In the last year, ABVE was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
Although ABVE 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.
1.96
We found 1 important support 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 | NEUTRAL | NEUTRAL | The long term trend for ABVE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ABVE is neutral. |
| ChartMill Relative Strength | 98.93 | POSITIVE | ABVE has a high relative strength, it outperformed 98.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ABVE is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ABVE is below 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) | 53.05 | NEUTRAL | The RSI value for ABVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ABVE has a positive trend. |
| Stochastics (14,3) | 56.09 | NEUTRAL | The Stochastics value for ABVE is a neutral value. |
| Average True Range in percent/ATR (20) | 14.96 | HIGH VOLATILITY | The high ATR as a percentage value for ABVE suggests high volalility. |
| Average Directional Index/ADX (14) | 19.66 | NEGATIVE | The low ADX value for ABVE suggests a weak or negative trend. |
3
+0.37 (+14.07%)
ChartMill assigns a technical rating of 7 / 10 to ABVE.
The current trend direction for ABOVE FOOD INGREDIENTS INC (ABVE) is Bearish.
ABOVE FOOD INGREDIENTS INC (ABVE) has an RSI value of 53.0515. This indicates that the stock is currently neutral.
The MACD indicator for ABOVE FOOD INGREDIENTS INC (ABVE) has a value of 0.0553465, indicating a bearish trend.