ABCW is trading above its 14 week price channel. This means that the stock is trading at a new high for the period and the price channel will update to reflect that. ABCW closed above the trigger point for the Parabolic SAR and is currently registering a bullish signal. The current Significant Point, below which a reversal to the bearish side would occur, is 0.20.
The On Balance Volume indicator shows that longer term selling pressure has given way to near term accumulation.
The RSI, which is currently at 86.32% and above the critical level of 70, suggests that ABCW is overbought. While a stock that is overbought may continue to rally, investors should be especially careful when ABCW begins to lose strength and RSI dips below 70.
ABCW's MACD is currently indicating a weak bullish signal. Although the MACD is trending above the signal line, the indicator is still below 0, which suggests that the underlying moving averages are bearish.Williams Percent R is currently at -5.26% and above the critical level of -20, ABCW may be overbought.Directional Movement Index (DMI)
Trading Monday caused the +DI line to rise above the -DI line. This is a bullish signal that is confirmed by the ADX which is above 20. Smart Text
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