ABOVE FOOD INGREDIENTS INC (ABVE) Stock Technical Analysis
NASDAQ:ABVE - Nasdaq - CA00373V1004 - Common Stock - Currency: USD
Overall ABVE gets a technical rating of 1 out of 10. ABVE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
88% of all other stocks performed better in the past year than ABVE.
ABVE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ABVE has a been trading in the 0.74 - 1.69 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
ABVE is part of the Food Products industry. There are 91 other stocks in this industry, ABVE did better than 41% of them.
Considerably lower volume is observed in the last couple of days.
The technical rating of ABVE is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.74
1.28
When analyzing the resistance we notice one important area.
- Resistance @1.27 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 | NEUTRAL | NEUTRAL | The long term trend for ABVE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABVE is down. |
| ChartMill Relative Strength | 12.48 | NEGATIVE | ABVE has a low relative strength, it was outperformed by 87.52% 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 | 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) | 36.65 | NEUTRAL | The RSI value for ABVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ABVE has a negative trend. |
| Stochastics (14,3) | 4.92 | OVERSOLD | The low Stochastics value suggests ABVE may be oversold. |
| Average True Range in percent/ATR (20) | 23.46 | HIGH VOLATILITY | The high ATR as a percentage value for ABVE suggests high volalility. |
| Average Directional Index/ADX (14) | 20.68 | 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)
0.7438
-0.1 (-11.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-11.45%
1 Week-38.78%
2 Weeks-41.89%
1 Month-32.99%
3 Month51.55%
6 Month35.24%
12 Month-76.9%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%23.46%
ATR Inc-22.03%
Range Today0.11
ADR(20)0.17
ADR(20)%22.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.48
Mansfield-1.52
10 Day High1.49
10 Day Low0.74
20 Day High1.69
20 Day Low0.74
52 Week High3.22
52 Week Low0.25
CS1 EndN/A
CR1 Start1.27
Volume & EV
DER(3)-15.89%
DER(5)-16.64%
Volume538.00K
Volume Incr53.01%
Vol(5)331.72K
Vol(50)989.37K