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 1 out of 10. ABVE has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- ABVE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- ABVE has an average volume of 1972430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, ABVE outperforms 48% of them, which is more or less in line with the market.
- ABVE is part of the Food Products industry. There are 87 other stocks in this industry, ABVE did better than 68% of them.
- In the last month ABVE has a been trading in the 0.61 - 1.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ABVE Weekly and Daily overview Charts
ABVE Setup Rating and Analysis
ABVE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
ABVE Support and Resistance Analysis
0.72
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.88 to 0.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.73 to 0.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @1.02 from a horizontal line in the daily time frame.
- Resistance @1.76 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 | 48.64 | NEUTRAL | ABVE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ABVE is above 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) | 45.58 | NEUTRAL | The RSI value for ABVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ABVE has a positive trend. |
| Stochastics (14,3) | 31.65 | NEUTRAL | The Stochastics value for ABVE is a neutral value. |
| Average True Range in percent/ATR (20) | 17.39 | HIGH VOLATILITY | The high ATR as a percentage value for ABVE suggests high volalility. |
| Average Directional Index/ADX (14) | 21.5 | NEUTRAL | The ADX value for ABVE suggests a possible start of a new trend. |
ABVE Chart- and CandleStick Pattern Analysis
ABVE Technicals: Chart, Performance Metrics, Trend & Indicators
0.8997
+0.07 (+8.58%)
ABOVE FOOD INGREDIENTS INC / ABVE TA FAQ
What is the technical rating for ABVE stock?
ChartMill assigns a technical rating of 1 / 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 ABOVE FOOD INGREDIENTS INC (ABVE) stock?
ABOVE FOOD INGREDIENTS INC (ABVE) has an RSI value of 45.5787. This indicates that the stock is currently neutral.
What is the buy/sell signal for ABVE stock?
The buy/sell signal for ABOVE FOOD INGREDIENTS INC (ABVE) is sell as both the short term and long term trends are negative.
What is the support and resistance level for ABVE stock?
ABOVE FOOD INGREDIENTS INC (ABVE) has a support level at 0.89 and a resistance level at 1.02. Check the full technical report for our detailed analysis of ABVE support and resistance levels.