ABSOLUTE SELECT VALUE ETF (ABEQ) Stock Technical Analysis
NYSEARCA:ABEQ - NYSE Arca - US90470L5681 - ETF - Currency: USD
Overall ABEQ gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ABEQ has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: ABEQ has an average volume of 4938 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, ABEQ did better than 81% of all other stocks. We also observe that the gains produced by ABEQ over the past year are nicely spread over this period.
ABEQ is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
In the last month ABEQ has a been trading in a tight range between 32.68 and 33.61.
ABEQ has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 33.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 33.33, a Stop Loss order could be placed below this zone.
More info and screens
30.58
33.74
We found 3 important support areas.
- A support zone ranging from 32.02 to 33.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 31.42 to 31.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @30.89 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 33.41 to 33.41. 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
CRS81.08
Mansfield0.28
10 Day High33.61
10 Day Low32.95
20 Day High33.61
20 Day Low32.68
52 Week High33.61
52 Week Low29.14
Performance
1 Week0.12%
2 Weeks1.74%
1 Month1.7%
3 Month1.56%
6 Month3.89%
12 Month13.97%
2 Year19.54%
3 Year11.63%
5 Year65.23%
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)0.01
RSI(14)60.66
LBB32.74
UBB33.49
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 |
|---|---|---|---|
| 33.42 | 32.94 | 0.48 (1.44%) | 25.00% |
| An entry @33.42. This is a Buy Stop order right above the resistance zone. | An exit @32.94. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.48 points, which is 1.44%. | For a 0.36% total portfolio risk, you can invest 25.00% 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.
NYSEARCA:ABEQ (3/7/2025, 8:04:00 PM)
33.4
+0.19 (+0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.56%
1 Week0.12%
2 Weeks1.74%
1 Month1.7%
3 Month1.56%
6 Month3.89%
12 Month13.97%
2 Year19.54%
3 Year11.63%
5 Year65.23%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%0.74%
ATR Inc-25.25%
Range Today0.21
ADR(20)0.22
ADR(20)%0.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.08
Mansfield0.28
10 Day High33.61
10 Day Low32.95
20 Day High33.61
20 Day Low32.68
52 Week High33.61
52 Week Low29.14
CS1 End33.33
CR1 Start33.41
Volume & EV
DER(3)0%
DER(5)-0.5%
Volume2.20K
Volume Incr-39.11%
Vol(5)3.62K
Vol(50)4.94K