Taking everything into account, ABVE scores 2 out of 10 in our technical rating. Although ABVE is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of ABVE 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
1.30
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.75 to 1.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.31 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @2.86 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 | NEUTRAL | NEUTRAL | The long term trend for ABVE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABVE is down. |
| ChartMill Relative Strength | 98.19 | POSITIVE | ABVE has a high relative strength, it outperformed 98.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABVE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ABVE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ABVE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.24 | NEUTRAL | The RSI value for ABVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests ABVE has a negative trend. |
| Stochastics (14,3) | 2.48 | OVERSOLD | The low Stochastics value suggests ABVE may be oversold. |
| Average True Range in percent/ATR (20) | 20.44 | HIGH VOLATILITY | The high ATR as a percentage value for ABVE suggests high volalility. |
| Average Directional Index/ADX (14) | 15.26 | NEGATIVE | The low ADX value for ABVE suggests a weak or negative trend. |
1.76
-0.07 (-3.83%)
ABOVE FOOD INGREDIENTS INC / ABVE FAQ
What is the technical rating for ABVE stock?
ChartMill assigns a technical rating of 2 / 10 to ABVE.
Can you provide the trend direction for ABOVE FOOD INGREDIENTS INC?
The current trend direction for ABOVE FOOD INGREDIENTS INC (ABVE) is Bearish.
What is the RSI signal for ABVE stock?
ABOVE FOOD INGREDIENTS INC (ABVE) has an RSI value of 37.2373. This indicates that the stock is currently neutral.
What is the MACD signal for ABOVE FOOD INGREDIENTS INC (ABVE) stock?
The MACD indicator for ABOVE FOOD INGREDIENTS INC (ABVE) has a value of -0.0682038, indicating a bearish trend.