ADVANCED BIOMED INC (ADVB) Stock Technical Analysis
NASDAQ:ADVB • US00752P1049
Taking everything into account, ADVB scores 0 out of 10 in our technical rating. ADVB's overall performance in the market is below average. Also 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.
- 100% of all other stocks performed better in the past year than ADVB.
- ADVB is part of the Health Care Equipment & Supplies industry. There are 185 other stocks in this industry, of which 90% are performing better than ADVB.
- ADVB is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month ADVB has a been trading in the 3.61 - 6.05 range, which is quite wide. It is currently trading near the lows of this range.
The technical rating of ADVB is bad and it also does not present a quality setup 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
4.02
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 4.07 to 4.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 4.67 to 4.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @5.60 from a trend 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 | DOWN | NEGATIVE | The long term trend for ADVB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ADVB is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | ADVB has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ADVB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ADVB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ADVB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.98 | NEUTRAL | The RSI value for ADVB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ADVB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.95 | OVERSOLD | The low Stochastics value suggests ADVB may be oversold. |
| Average True Range in percent/ATR (20) | 14.34 | HIGH VOLATILITY | The high ATR as a percentage value for ADVB suggests high volalility. |
| Average Directional Index/ADX (14) | 30.54 | POSITIVE | The high ADX value value for ADVB suggests a strong trend. |
4.0624
+0.05 (+1.31%)
ADVANCED BIOMED INC / ADVB FAQ
Can you provide the ChartMill technical rating for ADVANCED BIOMED INC?
ChartMill assigns a technical rating of 0 / 10 to ADVB.
What is the trend direction for ADVB stock?
The current trend direction for ADVANCED BIOMED INC (ADVB) is Bearish.
Can you provide the RSI signal for ADVANCED BIOMED INC?
ADVANCED BIOMED INC (ADVB) has an RSI value of 34.9768. This indicates that the stock is currently neutral.
What is the MACD signal for ADVANCED BIOMED INC (ADVB) stock?
The MACD indicator for ADVANCED BIOMED INC (ADVB) has a value of -0.00334598, indicating a bearish trend.
What is the buy/sell signal for ADVANCED BIOMED INC (ADVB) stock?
The buy/sell signal for ADVANCED BIOMED INC (ADVB) is sell as both the short term and long term trends are negative.