ABCW is below the lower Bollinger Band, implying that it is currently extended to the downside from its recent trend. Be aware, however, that a cross outside of the Bollinger Bands can sometimes be a signal of trend strength and not, necessarily, trend reversal.
ABCW is below its 50 day moving average.
ABCW is below its 13 day moving average. This bearish sign is even more significant because the moving average is also trending lower.Friday, ABCW closed below the trigger point for the Parabolic SAR and is currently registering a bearish signal. The current Significant Point, above which a reversal to the bullish side would occur, is 0.43.
The Stochastic Oscillator is registering a bearish signal as the %K is below the %D. However, the oscillator has dropped below the critical value of 20 and ABCW is now oversold. An oversold condition means that the recent downside momentum is not sustainable.
The MACD for ABCW currently indicates a strong bearish signal for two reasons. First, the MACD is below the signal line, a 9-day moving average. Second, the MACD is below the critical level of 0, which implies that the underlying moving averages are trending lower.
According to the RSI which is currently at 22.09%, below the critical value of 30, ABCW is oversold. This means that there has been significant recent downward momentum that is not sustainable. Although the stock may not begin to rally, selling pressure can not continue at this level..Williams Percent R
According to the %R which is currently at -93.10%, below the critical value of -80, ABCW may be oversold. While this does not signal that shares will begin to rally, it is unlikely that selling pressure can continue at this level.(DMI)
The +DI line is below the -DI line and the ADX is greater than 20. This is a bearish signal that indicates the stock is in a confirmed downtrend.
According to the Ultimate Oscillator which is currently at 25.47%, below the critical value of 30, ABCW may be oversold. While this does not necessarily mean that the stock will rally, it does suggest that selling pressure may not be sustainable at the current level.
The Volume Rate of Change is currently spiking.
All my posts, are only My Opinion
