ABVX Technical Analysis - ABIVAX SA

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to ABVX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ABVX is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

ABVX is one of the better performing stocks in the Biotechnology industry, it outperforms 97% of 73 stocks in the same industry.

ABVX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month ABVX has a been trading in the 6.55 - 64.40 range, which is quite wide. It is currently trading near the high of this range.

Looking at the yearly performance, ABVX did better than 99% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although ABVX has an excellent technical rating, the quality of the presented setup is not ideal 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

59.04

62.62

When analyzing the support we notice one important area.

A support zone ranging from 59.64 to 59.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	UP	POSITIVE	The long term trend for ABVX.PA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ABVX.PA is up.
ChartMill Relative Strength	99.69	POSITIVE	ABVX.PA has a high relative strength, it outperformed 99.69% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ABVX.PA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ABVX.PA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ABVX.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	86.99	OVERBOUGHT	The high RSI value suggests ABVX.PA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	2.64	POSITIVE	The MACD value suggests ABVX.PA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	93.62	OVERBOUGHT	The high Stochastics value suggests ABVX.PA may be overbought.
Average True Range in percent/ATR (20)	8.26	HIGH VOLATILITY	The high ATR as a percentage value for ABVX.PA suggests high volalility.
Average Directional Index/ADX (14)	66.3	POSITIVE	The high ADX value value for ABVX.PA suggests a strong trend.