ABAXIS INC (ABAX) Stock Technical Analysis
NASDAQ:ABAX - Nasdaq - US0025671050
We assign a technical rating of 8 out of 10 to ABAX. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, ABAX did better than 93% of all other stocks.
ABAX is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ABAX is leading the market.
In the last month ABAX has a been trading in a tight range between 82.91 and 83.37.
Besides having an excellent technical rating, ABAX also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 82.99, a Stop Loss order could be placed below this zone.
More info and screens
70.87
84.56
When analyzing the support we can see 3 important areas.
- A support zone ranging from 82.78 to 82.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @76.03 from a trend line in the weekly time frame.
- Support @71.59 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 83.11 to 83.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.81
Mansfield2.46
10 Day High83.33
10 Day Low83
20 Day High83.37
20 Day Low82.91
52 Week High83.98
52 Week Low43.66
Performance
1 Week-0.12%
2 Weeks-0.42%
1 Month-0.06%
3 Month20.31%
6 Month17.55%
12 Month78.23%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.13
RSI(14)53.19
LBB82.99
UBB83.42
83
-0.09 (-0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.11%
1 Week-0.12%
2 Weeks-0.42%
1 Month-0.06%
3 Month20.31%
6 Month17.55%
12 Month78.23%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%0.2%
ATR Inc41.49%
Range Today0.24
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.81
Mansfield2.46
10 Day High83.33
10 Day Low83
20 Day High83.37
20 Day Low82.91
52 Week High83.98
52 Week Low43.66
CS1 End82.99
CR1 Start83.11
Volume & EV
DER(3)-1.44%
DER(5)-1.14%
Volume354.70K
Volume Incr7.69%
Vol(5)187.86K
Vol(50)249.19K