ABOVE FOOD INGREDIENTS- 29 (ABVEW) Stock Technical Analysis
USA - NASDAQ:ABVEW -
0.38 USD
+0.04 (+12.03%)
0.42 USD
+0.04 (+10.53%)
We assign a technical rating of 10 out of 10 to ABVEW. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ABVEW is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, ABVEW did better than 99% of all other stocks.
ABVEW is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ABVEW is lagging the market slightly.
In the last month ABVEW has a been trading in the 0.17 - 0.38 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ABVEW has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.21
0.38
When analyzing the support we notice one important area.
- A support zone ranging from 0.21 to 0.21. This zone is formed by a combination of multiple trend lines and important moving averages 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 ABVEW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABVEW is up. |
| ChartMill Relative Strength | 99.85 | POSITIVE | ABVEW has a high relative strength, it outperformed 99.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ABVEW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ABVEW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ABVEW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.95 | NEUTRAL | The RSI value for ABVEW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ABVEW has a positive trend. |
| Stochastics (14,3) | 92.46 | OVERBOUGHT | The high Stochastics value suggests ABVEW may be overbought. |
| Average True Range in percent/ATR (20) | 13.18 | HIGH VOLATILITY | The high ATR as a percentage value for ABVEW suggests high volalility. |
| Average Directional Index/ADX (14) | 23.86 | NEUTRAL | The ADX value for ABVEW 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)
0.38
+0.04 (+12.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg12.03%
1 Week43.5%
2 Weeks100%
1 Month64.5%
3 Month660%
6 Month1619.46%
12 Month2203.03%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%13.18%
ATR Inc62.68%
Range Today0.08
ADR(20)0.05
ADR(20)%12.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.85
Mansfield32.89
10 Day High0.38
10 Day Low0.18
20 Day High0.38
20 Day Low0.18
52 Week High0.44
52 Week Low0.01
CS1 End0.21
CR1 StartN/A
Volume & EV
DER(3)26.89%
DER(5)10.3%
Volume231.20K
Volume Incr20.28%
Vol(5)105.64K
Vol(50)80.13K