ABCW is substantially below its 10 week simple moving average. Although the moving average is still trending higher, it is likely that it will begin to follow the stock price lower.
Monday, 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 0.99.
ABCW is trading within its price channel.
The On Balance Volume indicator (OBV) shows that longer term selling pressure has given way to near term accumulation.
The RSI, is currently at 25.23%, below the critical value of 30, which suggests that ABCW is oversold. Although this does not necessarily mean that shares will rally, it is an indication that recent selling pressure is at a level that is not normally sustainable.
ABCW's MACD is indicating a weak bearish signal. Although the indicator is above the critical level of 0, which implies that the underlying moving averages are bullish, the MACD has crossed below its 9-week moving average or signal line. This suggests that positive momentum has begun to slow.
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