ABOVE FOOD INGREDIENTS INC (ABVE) Stock Technical Analysis
NASDAQ:ABVE - CA00373V1004 - Common Stock
1.65 USD
-0.19 (-10.33%)
1.74 USD
+0.09 (+5.45%)
We assign a technical rating of 7 out of 10 to ABVE. In the last year, ABVE was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month ABVE has a been trading in the 1.64 - 2.30 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 is neutral, but the long term trend is still positive. Not much to worry about for now.
ABVE is one of the better performing stocks in the Food Products industry, it outperforms 97% of 89 stocks in the same industry.
ABVE has an average volume of 22109400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, ABVE did better than 96% of all other 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 present a decent entry opportunity 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
0.95
2.05
When analyzing the support we notice one important area.
- Support @0.96 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.88 to 1.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.03 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 | NEUTRAL | NEUTRAL | The short term trend for ABVE is neutral. |
| ChartMill Relative Strength | 96.53 | POSITIVE | ABVE has a high relative strength, it outperformed 96.53% 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) | 44.09 | NEUTRAL | The RSI value for ABVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ABVE has a negative trend. |
| Stochastics (14,3) | 20.75 | NEUTRAL | The Stochastics value for ABVE is a neutral value. |
| Average True Range in percent/ATR (20) | 10.32 | HIGH VOLATILITY | The high ATR as a percentage value for ABVE suggests high volalility. |
| Average Directional Index/ADX (14) | 31.32 | 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)
1.65
-0.19 (-10.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-10.33%
1 Week-15.38%
2 Weeks-12.23%
1 Month-5.71%
3 Month65.95%
6 Month385.29%
12 Month135.71%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%10.32%
ATR Inc41.94%
Range Today0.2
ADR(20)0.17
ADR(20)%10.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.53
Mansfield6.33
10 Day High2.09
10 Day Low1.64
20 Day High2.3
20 Day Low1.64
52 Week High4.4
52 Week Low0.25
CS1 End0.96
CR1 Start1.88
Volume & EV
DER(3)-7.49%
DER(5)-4.51%
Volume2.58M
Volume Incr32.34%
Vol(5)2.00M
Vol(50)22.11M