ABOVE FOOD INGREDIENTS INC (ABVE) Stock Technical Analysis
USA - NASDAQ:ABVE - CA00373V1004 - Common Stock
1.61 USD
-0.02 (-1.23%)
1.64 USD
+0.03 (+1.86%)
Taking everything into account, ABVE scores 6 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, ABVE did better than 97% of all other stocks.
ABVE is part of the Food Products industry. There are 89 other stocks in this industry. ABVE outperforms 97% of them.
ABVE has an average volume of 2388450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
In the last month ABVE has a been trading in the 1.46 - 2.07 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ABVE has an average technical rating and it also 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
1.04
1.88
3 important support areas can be observed.
- A support zone ranging from 1.60 to 1.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.48 from a horizontal line in the daily time frame.
- Support @1.05 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.78 to 1.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.86 from a trend 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 ABVE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ABVE is neutral. |
| ChartMill Relative Strength | 97.94 | POSITIVE | ABVE has a high relative strength, it outperformed 97.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABVE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ABVE is below 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) | 46.68 | NEUTRAL | The RSI value for ABVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ABVE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 38.99 | NEUTRAL | The Stochastics value for ABVE is a neutral value. |
| Average True Range in percent/ATR (20) | 8.58 | HIGH VOLATILITY | The high ATR as a percentage value for ABVE suggests high volalility. |
| Average Directional Index/ADX (14) | 20.84 | NEUTRAL | The ADX value for ABVE suggests a possible start of a new 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)
1.61
-0.02 (-1.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-1.23%
1 Week5.23%
2 Weeks-0.62%
1 Month-13.44%
3 Month116.46%
6 Month228.04%
12 Month184.55%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%8.58%
ATR Inc4.37%
Range Today0.14
ADR(20)0.14
ADR(20)%8.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.94
Mansfield4.53
10 Day High1.99
10 Day Low1.46
20 Day High2.07
20 Day Low1.46
52 Week High4.4
52 Week Low0.25
CS1 End1.61
CR1 Start1.78
Volume & EV
DER(3)-8.65%
DER(5)-2.46%
Volume1.82M
Volume Incr65.04%
Vol(5)2.98M
Vol(50)2.39M