ABOVE FOOD INGREDIENTS- 29 (ABVEW) Technical Analysis
NASDAQ:ABVEW
Current stock price
ABVEW Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to ABVEW. Although ABVEW 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- ABVEW 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 ABVEW is lagging the market.
- In the last month ABVEW has a been trading in the 0.30 - 0.60 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that ABVEW is one of the better performing stocks in the market, outperforming 99% of all stocks. On top of that, ABVEW also shows a nice and consistent pattern of rising prices.
- Considerably lower volume is observed in the last couple of days.
ABVEW Weekly and Daily overview Charts
ABVEW Setup Rating and Analysis
ABVEW has an average technical rating and also the quality of the setup is 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
ABVEW Support and Resistance Analysis
0.32
We found 1 important support area.
- Support @0.32 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @0.56 from a trend line in the weekly time frame.
ABVEW 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 ABVEW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABVEW is down. |
| ChartMill Relative Strength | 99.78 | POSITIVE | ABVEW has a high relative strength, it outperformed 99.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABVEW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ABVEW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ABVEW is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.53 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 64.14 | NEUTRAL | The Stochastics value for ABVEW is a neutral value. |
| Average True Range in percent/ATR (20) | 21.5 | HIGH VOLATILITY | The high ATR as a percentage value for ABVEW suggests high volalility. |
| Average Directional Index/ADX (14) | 25.56 | POSITIVE | The high ADX value value for ABVEW suggests a strong trend. |
ABVEW Chart- and CandleStick Pattern Analysis
ABVEW Technicals: Chart, Performance Metrics, Trend & Indicators
0.33
-0.08 (-19.49%)
ABOVE FOOD INGREDIENTS- 29 / ABVEW TA FAQ
What is the ChartMill technical rating of ABOVE FOOD INGREDIENTS- 29 (ABVEW) stock?
ChartMill assigns a technical rating of 4 / 10 to ABVEW.
What is the trend direction for ABVEW stock?
The current trend direction for ABOVE FOOD INGREDIENTS- 29 (ABVEW) is Bearish.
What is the RSI signal for ABOVE FOOD INGREDIENTS- 29 (ABVEW) stock?
ABOVE FOOD INGREDIENTS- 29 (ABVEW) has an RSI value of 39.5286. This indicates that the stock is currently neutral.
What is the MACD signal for ABOVE FOOD INGREDIENTS- 29 (ABVEW) stock?
The MACD indicator for ABOVE FOOD INGREDIENTS- 29 (ABVEW) has a value of 0.00776206, indicating a bearish trend.
What is the short term momentum for ABVEW stock?
The short term momentum for ABOVE FOOD INGREDIENTS- 29 (ABVEW) is negative.