ABEONA THERAPEUTICS INC (ABEO) Stock Technical Analysis
NASDAQ:ABEO - Nasdaq - US00289Y2063 - Common Stock - Currency: USD
Taking everything into account, ABEO scores 6 out of 10 in our technical rating. In the past year, ABEO was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the yearly performance of all stocks, we notice that ABEO is one of the better performing stocks in the market, outperforming 94% of all stocks.
ABEO is one of the better performing stocks in the Biotechnology industry, it outperforms 90% of 568 stocks in the same industry.
In the last month ABEO has a been trading in the 3.93 - 5.68 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.
ABEO is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ABEO has an average technical rating and it also does not offer a high 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
3.60
6.09
4 important support areas can be observed.
- A support zone ranging from 4.80 to 4.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @4.60 from a trend line in the weekly time frame.
- Support @4.42 from a horizontal line in the weekly time frame.
- Support @3.64 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @5.48 from a trend line in the weekly time frame.
- Resistance @5.59 from a trend line in the daily time frame.
- A resistance zone ranging from 6.02 to 6.03. This zone is formed by a combination of multiple trend lines 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
CRS94.58
Mansfield0.25
10 Day High5.68
10 Day Low4.14
20 Day High5.68
20 Day Low3.93
52 Week High6.78
52 Week Low3.37
Performance
1 Week10.12%
2 Weeks27.51%
1 Month5.75%
3 Month1.33%
6 Month-18%
12 Month63.5%
2 Year73.62%
3 Year3.24%
5 Year-91.04%
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)0.11
RSI(14)59.04
LBB4.08
UBB5.59
5.33
-0.06 (-1.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.11%
1 Week10.12%
2 Weeks27.51%
1 Month5.75%
3 Month1.33%
6 Month-18%
12 Month63.5%
2 Year73.62%
3 Year3.24%
5 Year-91.04%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%7.51%
ATR Inc-30.18%
Range Today0.26
ADR(20)0.4
ADR(20)%7.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.58
Mansfield0.25
10 Day High5.68
10 Day Low4.14
20 Day High5.68
20 Day Low3.93
52 Week High6.78
52 Week Low3.37
CS1 End4.83
CR1 Start5.48
Volume & EV
DER(3)-3.98%
DER(5)-1.51%
Volume1.05M
Volume Incr57.65%
Vol(5)1.30M
Vol(50)639.90K