ABCW is trading above its 10 week moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock.
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 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 0.25.
The On Balance Volume indicator (OBV) shows that longer term selling pressure has given way to near term accumulation.
The RSI, which is currently at 92.80% 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.
According to the %R which is currently at -2.47% and above the critical level of -20, ABCW may be overbought. While a stock that is overbought may continue to rally, investors should be especially careful when ABCW begins to lose strength and the %R dips below -20..Directional Movement Index (DMI)
The +DI line is above the -DI line and the ADX is greater than 20. This is a bullish signal that indicates the stock is in a confirmed uptrend..Ultimate Oscillator
According to the Ultimate Oscillator which is currently at 74.15%, above the critical level of 70, ABCW may be overbought. While a stock that is overbought may continue to rally, upwards momentum may not be sustainable at this level. Investors should be especially careful when ABCW begins to lose strength and Ultimate Oscillator dips below 70.
All my posts, are only My Opinion
