Tuesday, 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 0.42. Exponential Moving Average (EMA)
ABCW is below its 13 day moving average. This bearish sign is even more significant because the moving average is also trending lower. ABCW's recent volatility has been greater than normal. This is evidenced by the increased distance between the upper and lower bands that make up the price channel. Additionally, ABCW is trading within its price channel. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the price action over the last 14 day period..Stochastics
The Stochastic Oscillator is registering a strong bullish signal as the %K has crossed above the %D and the oscillator recently moved above the critical value of 20 and is no longer oversold. 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. RSI has recently crossed above the critical value of 30 which means that the selling pressure has lessened and the internal strength of ABCW has increased. This is a positive for the stock and signals that, at least in the near-term, a bottom has formed. %R has recently crossed above the critical value of -80 which suggests that the selling pressure has lessened and the internal strength of ABCW has increased. This is a positive indicator for the stock and implies that, at least in the near-term, a bottom has formed.
The Ultimate Oscillator has recently crossed above the critical value of 30 which suggests that the selling pressure has lessened and the internal strength of ABCW has increased. The Volume Rate of Change has just spiked. This is a sign that a trend reversal may be under way.
All my posts, are only My Opinion
