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 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 week period.
Monday, 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 0.39.
The On Balance Volume indicator (OBV) shows that longer term selling pressure has given way to near term accumulation..Relative Strength Index (RSI)
The RSI recently dropped to 68.95% from above the critical level of 70. This signals that ABCW is no longer overbought.
The MACD for ABCW currently indicates a strong bullish signal for two reasons. First, the MACD is above the signal line, a 9-week moving average. Second, the MACD is above 0 which implies that the underlying moving averages are trending higher..Williams Percent R
According to the %R which is currently at -17.28% 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.
All my posts, are only My Opinion
