ABIVAX SA-ADR (ABVX) Stock Technical Analysis
NASDAQ:ABVX • US00370M1036
Taking everything into account, ABVX scores 8 out of 10 in our technical rating. 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.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The long and short term trends are both positive. This is looking good!
- ABVX is part of the Biotechnology industry. There are 522 other stocks in this industry. ABVX outperforms 99% of them.
- ABVX 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 ABVX is lagging the market slightly.
- In the last month ABVX has a been trading in the 107.42 - 126.25 range, which is quite wide. It is currently trading near the high of this range.
- ABVX has an average volume of 1628610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, ABVX did better than 99% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Besides having an excellent technical rating, ABVX 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 117.91, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ABVX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
109.53
When analyzing the support we can see 2 important areas.
- A support zone ranging from 114.69 to 117.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 110.64 to 111.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @125.00 from a horizontal line 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 ABVX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABVX is up. |
| ChartMill Relative Strength | 99.96 | POSITIVE | ABVX has a high relative strength, it outperformed 99.96% 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) | UP | POSITIVE | The current price of ABVX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.03 | NEUTRAL | The RSI value for ABVX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.34 | POSITIVE | The MACD value suggests ABVX has a positive trend. |
| Stochastics (14,3) | 90.45 | OVERBOUGHT | The high Stochastics value suggests ABVX may be overbought. |
| Average True Range in percent/ATR (20) | 4.07 | MEDIUM VOLATILITY | The ATR as a percentage value for ABVX suggests some volalility. |
| Average Directional Index/ADX (14) | 9.52 | NEGATIVE | The low ADX value for ABVX suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 125.01 | 107.41 | 17.60 (14.08%) | 7.10% |
| An entry @125.01. This is a Buy Stop order right above the resistance zone. | An exit @107.41. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 17.60 points, which is 14.08%. | For a 1.00% total portfolio risk, you can invest 7.10% of your capital in this trade. |
- 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.
124.99
+0.45 (+0.36%)
ABIVAX SA-ADR / ABVX FAQ
What is the technical rating for ABVX stock?
ChartMill assigns a technical rating of 8 / 10 to ABVX.
What is the current trend direction of ABIVAX SA-ADR (ABVX) stock?
The current trend direction for ABIVAX SA-ADR (ABVX) is Bullish.
What is the RSI signal for ABIVAX SA-ADR (ABVX) stock?
ABIVAX SA-ADR (ABVX) has an RSI value of 58.027. This indicates that the stock is currently neutral.
What is the short term momentum for ABVX stock?
The short term momentum for ABIVAX SA-ADR (ABVX) is positive.
Can you provide the buy/sell signal for ABIVAX SA-ADR?
The buy/sell signal for ABIVAX SA-ADR (ABVX) is buy as both the short term and long term trends are positive.