We assign a technical rating of 6 out of 10 to ABVE. Although ABVE is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, we notice that ABVE is one of the better performing stocks in the market, outperforming 98% of all stocks. We also observe that the gains produced by ABVE over the past year are nicely spread over this period.
- ABVE is one of the better performing stocks in the Food Products industry, it outperforms 100% of 87 stocks in the same industry.
- In the last month ABVE has a been trading in the 1.54 - 2.54 range, which is quite wide. It is currently trading near the high of this range.
- ABVE has an average volume of 1937870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- ABVE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ABVE is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ABVE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 2.18, a Stop Loss order could be placed below this zone.
More info and screens
1.69
When analyzing the support we can see 5 important areas.
- A support zone ranging from 2.15 to 2.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1.99 to 2.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.84 from a trend line in the weekly time frame.
- Support @1.76 from a trend line in the daily time frame.
- Support @1.71 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @2.47 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 | 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 | 98.75 | POSITIVE | ABVE has a high relative strength, it outperformed 98.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ABVE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ABVE is above a declining 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) | 55.6 | 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) | 73.09 | NEUTRAL | The Stochastics value for ABVE is a neutral value. |
| Average True Range in percent/ATR (20) | 9.27 | HIGH VOLATILITY | The high ATR as a percentage value for ABVE suggests high volalility. |
| Average Directional Index/ADX (14) | 18.24 | NEGATIVE | The low ADX value for ABVE suggests a weak or negative trend. |
2.34
-0.1 (-4.1%)
ABOVE FOOD INGREDIENTS INC / ABVE FAQ
What is the technical rating for ABVE stock?
ChartMill assigns a technical rating of 6 / 10 to ABVE.
What is the trend direction for ABVE stock?
The current trend direction for ABOVE FOOD INGREDIENTS INC (ABVE) is Bearish.
What is the RSI signal for ABVE stock?
ABOVE FOOD INGREDIENTS INC (ABVE) has an RSI value of 55.6047. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ABOVE FOOD INGREDIENTS INC?
The short term momentum for ABOVE FOOD INGREDIENTS INC (ABVE) is neutral.
What are the support and resistance levels for ABOVE FOOD INGREDIENTS INC (ABVE) stock?
ABOVE FOOD INGREDIENTS INC (ABVE) has a support level at 2.18 and a resistance level at 2.47. Check the full technical report for our detailed analysis of ABVE support and resistance levels.