ABIVAX SA-ADR (ABVX) Stock Technical Analysis
NASDAQ:ABVX - Nasdaq - US00370M1036 - ADR - Currency: USD
Taking everything into account, ABVX scores 8 out of 10 in our technical rating. Although ABVX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
ABVX is part of the Biotechnology industry. There are 556 other stocks in this industry. ABVX outperforms 75% of them.
In the last month ABVX has a been trading in the 5.69 - 10.64 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that ABVX is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this relatively good performance is mostly due to a recent big move.
ABVX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ABVX is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ABVX has an excellent technical rating, it does not present a decent entry opportunity 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
6.06
10.25
We found 2 important support areas.
- Support @6.26 from a trend line in the daily time frame.
- Support @6.12 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @10.15 from a horizontal line in the weekly 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 ABVX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABVX is up. |
| ChartMill Relative Strength | 76.96 | POSITIVE | ABVX has a high relative strength, it outperformed 76.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ABVX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ABVX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ABVX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 75.75 | OVERBOUGHT | The high RSI value suggests ABVX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests ABVX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.12 | OVERBOUGHT | The high Stochastics value suggests ABVX may be overbought. |
| Average True Range in percent/ATR (20) | 5.72 | HIGH VOLATILITY | The high ATR as a percentage value for ABVX suggests high volalility. |
| Average Directional Index/ADX (14) | 38.18 | POSITIVE | The high ADX value value for ABVX 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)
10.14
+0.19 (+1.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.91%
1 Week14.84%
2 Weeks27.55%
1 Month69.85%
3 Month48.25%
6 Month66.5%
12 Month-14.5%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.6
ATR(20)%5.72%
ATR Inc-1.79%
Range Today0.59
ADR(20)0.54
ADR(20)%5.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.96
Mansfield1.19
10 Day High10.64
10 Day Low7.7
20 Day High10.64
20 Day Low5.69
52 Week High13.17
52 Week Low4.77
CS1 End6.26
CR1 Start10.15
Volume & EV
DER(3)-2.01%
DER(5)-1.27%
Volume1.49M
Volume Incr213.09%
Vol(5)1.19M
Vol(50)385.68K