ABOVE FOOD INGREDIENTS INC (ABVE) Technical Analysis
NASDAQ:ABVE • CA00373V1004
Current stock price
ABVE Technical Rating and Analysis
Overall ABVE gets a technical rating of 2 out of 10. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- ABVE is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ABVE is lagging the market.
- In the last month ABVE has a been trading in the 1.02 - 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.
- ABVE is one of the better performing stocks in the Food Products industry, it outperforms 93% of 87 stocks in the same industry.
- ABVE has an average volume of 1630120 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 94% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
ABVE Weekly and Daily overview Charts
ABVE Setup Rating and Analysis
ABVE has a poor technical rating and the quality of the setup is also only medium 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
ABVE Support and Resistance Analysis
1.07
We found 1 important support area.
- A support zone ranging from 1.08 to 1.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.25 to 1.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.07 from a trend line in the daily time frame.
ABVE Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for ABVE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABVE is down. |
| ChartMill Relative Strength | 94.16 | POSITIVE | ABVE has a high relative strength, it outperformed 94.16% 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) | DOWN | NEGATIVE | The current price of ABVE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.99 | 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) | 23.11 | NEUTRAL | The Stochastics value for ABVE is a neutral value. |
| Average True Range in percent/ATR (20) | 11.14 | HIGH VOLATILITY | The high ATR as a percentage value for ABVE suggests high volalility. |
| Average Directional Index/ADX (14) | 13.07 | NEGATIVE | The low ADX value for ABVE suggests a weak or negative trend. |
ABVE Chart- and CandleStick Pattern Analysis
ABVE Technicals: Chart, Performance Metrics, Trend & Indicators
1.09
-0.02 (-2.24%)
ABOVE FOOD INGREDIENTS INC / ABVE TA FAQ
What is the technical rating for ABVE stock?
ChartMill assigns a technical rating of 2 / 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 32.9909. 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 negative.
What are the support and resistance levels for ABOVE FOOD INGREDIENTS INC (ABVE) stock?
ABOVE FOOD INGREDIENTS INC (ABVE) has a support level at 1.08 and a resistance level at 1.25. Check the full technical report for our detailed analysis of ABVE support and resistance levels.