ABOVE FOOD INGREDIENTS INC (ABVE) Stock Technical Analysis
NASDAQ:ABVE - Nasdaq - CA00373V1004 - Common Stock - Currency: USD
We assign a technical rating of 8 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.
In the last month ABVE has a been trading in the 1.60 - 3.08 range, which is quite wide. It is currently trading near the lows of this range.
Both the short term and long term trends are positive. This is a very positive sign.
ABVE is part of the Food Products industry. There are 89 other stocks in this industry. ABVE outperforms 95% of them.
ABVE has an average volume of 21754100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ABVE is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
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.
Considerably lower volume is observed in the last couple of days.
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.
More info and screens
1.56
2.06
When analyzing the support we notice one important area.
- A support zone ranging from 1.58 to 1.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @2.04 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 | UP | POSITIVE | The long term trend for ABVE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABVE is up. |
| ChartMill Relative Strength | 92.74 | POSITIVE | ABVE has a high relative strength, it outperformed 92.74% 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) | 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) | 50.7 | NEUTRAL | The RSI value for ABVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ABVE has a negative trend. |
| Stochastics (14,3) | 60.03 | NEUTRAL | The Stochastics value for ABVE is a neutral value. |
| Average True Range in percent/ATR (20) | 13.9 | HIGH VOLATILITY | The high ATR as a percentage value for ABVE suggests high volalility. |
| Average Directional Index/ADX (14) | 32.54 | POSITIVE | The high ADX value value for ABVE 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)
1.82
-0.2 (-9.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-9.9%
1 Week-1.62%
2 Weeks5.81%
1 Month-32.59%
3 Month37.88%
6 Month219.8%
12 Month66.97%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%13.9%
ATR Inc53.65%
Range Today0.2
ADR(20)0.25
ADR(20)%13.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.74
Mansfield9.01
10 Day High2.3
10 Day Low1.6
20 Day High3.08
20 Day Low1.6
52 Week High4.4
52 Week Low0.25
CS1 End1.6
CR1 Start2.04
Volume & EV
DER(3)-1.38%
DER(5)-0.98%
Volume1.26M
Volume Incr-86.47%
Vol(5)2.15M
Vol(50)21.75M