ABOVE FOOD INGREDIENTS- 29 (ABVEW) Stock Technical Analysis
NASDAQ:ABVEW -
0.1939 USD
-0.01 (-3.05%)
0.2189 USD
+0.03 (+12.89%)
We assign a technical rating of 10 out of 10 to ABVEW. Both in the recent history as in the last year, ABVEW has proven to be a steady performer, scoring decent points in every aspect analyzed.
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 middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ABVEW is lagging the market.
In the last month ABVEW has a been trading in the 0.15 - 0.23 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, ABVEW also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 0.18, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ABVEW in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.18
0.20
When analyzing the support we notice one important area.
- A support zone ranging from 0.18 to 0.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 0.20 to 0.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 99.55 | POSITIVE | ABVEW has a high relative strength, it outperformed 99.55% 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) | 54.72 | NEUTRAL | The RSI value for ABVEW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ABVEW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.07 | NEUTRAL | The Stochastics value for ABVEW is a neutral value. |
| Average True Range in percent/ATR (20) | 16.42 | HIGH VOLATILITY | The high ATR as a percentage value for ABVEW suggests high volalility. |
| Average Directional Index/ADX (14) | 40.28 | POSITIVE | The high ADX value value for ABVEW 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.21 | 0.17 | 0.04 (19.05%) | 5.25% |
| An entry @0.21. This is a Buy Stop order right above the resistance zone. | An exit @0.17. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.04 points, which is 19.05%. | For a 1.00% total portfolio risk, you can invest 5.25% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ABVEW. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
0.1939
-0.01 (-3.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.05%
1 Week4.36%
2 Weeks2.05%
1 Month4.02%
3 Month287.03%
6 Month395.91%
12 Month492.97%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%16.42%
ATR Inc-36.01%
Range Today0.01
ADR(20)0.03
ADR(20)%15.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.55
Mansfield21.99
10 Day High0.23
10 Day Low0.16
20 Day High0.23
20 Day Low0.16
52 Week High0.44
52 Week Low0.01
CS1 End0.18
CR1 Start0.2
Volume & EV
DER(3)14.72%
DER(5)14.94%
Volume5.10K
Volume Incr-39.82%
Vol(5)61.08K
Vol(50)217.03K