Technical analysis from Abacus Property (ABP.AX, ASX:ABP.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Abacus Property
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Daily trading has confirmed an ADX strong trend (35.61) for Abacus Property
Average Directional Movement /
Daily trading has confirmed an ADX strong trend (35.61) for Abacus Property

[Trend]: ADX for ABP has confirmed a strong trend is present. Abacus Property has an ATR(14) of 0.071, a DX of 49.07 & an ADX(14) of 35.61

Open/close reversal confirmed for Abacus Property  signalling the sellers have lost control
Open Tod Vs Close Tod /
Open/close reversal confirmed for Abacus Property signalling the sellers have lost control

[BULLISH]: Abacus Property opened in the upper part of daily range at 81.8% & closed in the upper part of the trading range at 81.8%. This suggests the sellers have lost control. Over the last 12 months there has been 16 trading days with the opening price in the upper shadow & the closing the price in the upper shadow giving a confirmation ratio of 6.1%. Over the last month there has been 1 trading days with the opening price in the upper price range & the closing the price in the upper price range giving a confirmation ratio of 6.7%.

MACD /
MACD for Abacus Property continues to gain momentum @0.0052

ABP: MACD Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH CROSSOVER (3) 20 Jun: BEARISH

Rate of Change /
Abacus Property : Rate of change (3.141)

[BULLISH]: Abacus Property currently has positive rate of change of 3.141%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Close Tod Vs Range Tod /
Abacus Property closed in the upper part of daily range at 81.8%.

[BULLISH]: Abacus Property buyers are in control at the market close. This is the first day of buyer commitment for Abacus Property adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 96 trading days with the closing price in the upper part of the range giving a confirmation ratio of 36.5%. Over the last month there has been 6 trading days with the closing price in the upper range giving a confirmation ratio of 40%. Currently this quarter, closing price has spent 20 days in the upper price range compared to 12 days in the lower range giving a ratio of 1.7x.

Elder Ray Index /
Abacus Property : Bull power (0.082) & Bear power (0.027)

[BULLISH]: Abacus Property Elder Ray Index is signalling a Bullish movementERI is 0.082 indicating bull power. Prices are being driven above the consensus of value for ABP during the last trading session [Buying Pressure]

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Volume Rate of Change /
VROC continues to rise for Abacus Property signalling an uptrend will persist

[BULLISH]: Abacus Property currently has positive volume of change of 67%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 0.3%.

ABP: William %R has just risen above the overbought limit @-16.3
Williams %R /
ABP: William %R has just risen above the overbought limit @-16.3

[BULLISH]: Abacus Property is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Price & volume confirms continued buying pressure for Abacus Property  is likely
Elders Force Index /
Price & volume confirms continued buying pressure for Abacus Property is likely

[BULLISH]: Abacus Property current price has highlighted recent buying pressure. Currently, the Elders Force Index is 7630.

Percentage Price /
PPO: The shorter moving average for ABP is still above the longer term moving average

ABP: PPO Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH

Opening Price /
Price for ABP has opened stronger than close of the previous trading session

ABP: OPEN Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BEARISH (3) 20 Jun: BULLISH

Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal continues for Abacus Property indicating upward price movement is likely

[BULLISH]: Abacus Property currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0.3%.

Drawdown for Abacus Property  is currently low signalling low stress
Ulcer Index /
Drawdown for Abacus Property is currently low signalling low stress

[BEARISH]: Abacus Property UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.984.

Weighted Moving Average(5) signal continues for Abacus Property  indicating upward price movement is likely
Weighted Moving Average /
Weighted Moving Average(5) signal continues for Abacus Property indicating upward price movement is likely

[BULLISH]: Abacus Property currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.3%.

Chaikin Money Flow /
Abacus Property continues positive divergence & potential shift in direction

[BULLISH]: Abacus Property current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.3. ABP received a confirmed CMF crossover days on the May 24 2018. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.32 occurring on the May 24 2018.

Aroon Oscillator /
Abacus Property : Aroon oscillator (84) has confirmed a strong uptrend is present

[BULLISH]: Abacus Property has a current ARO(25) of 84. This has change 0 points from yesterday.

Exponential Moving Average /
[Bullish]: EMA(5) is serving as a support line for Abacus Property

[BULLISH]: Abacus Property currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0.3%.

Price continues to trade above the Simple Moving Average(5) for ABP
Simple Moving Average /
Price continues to trade above the Simple Moving Average(5) for ABP

[BULLISH]: Abacus Property currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 0.3%.

ABP: Medium term trend is still an Uptrend
Medium Trend /
ABP: Medium term trend is still an Uptrend

[BULLISH]: Abacus Property is in an uptrend in the medium term timeframe. The current rally number is 89 & the highest rally count for the LTM is 118. The highest rally for the month is 15

Recent trading for Abacus Property  fell short of the previous price range ($0.055)
Price Range /
Recent trading for Abacus Property fell short of the previous price range ($0.055)

ABP: Price Range Recent Trading -> (1) 22 Jun: 0.055 (2) 21 Jun: 0.125 (3) 20 Jun: 0.05

MACD Volume /
ABP: Volume Moving Average Convergence Divergence [Bullish]

[BULLISH]: Abacus Property currently has positive Volume MACD of 28222. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Average True Range /
Recent trading indicates ATR downward trend direction likely for ABP [Downtrend]

[Bearish]: Average True Range has confirmed an downtrend is present. Abacus Property has a TR of 0.055, and an ATR(14) of 0.071.

Triangular Moving Average /
Triangular Moving Average(5) signal continues for Abacus Property indicating upward price movement is likely

ABP: TMA Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH

Detrended Price Oscillator /
DPO for ABP has confirmed price is currently above the displaced moving average

[BULLISH]: Abacus Property currently has a confirmed uptrend. Price is currently above the displaced moving average for ABP. Currently, the return on DPO20 is 0.3%.

Abacus Property  was difficult to move upward due to high volume in recent trading [Bullish]
Ease of Movement /
Abacus Property was difficult to move upward due to high volume in recent trading [Bullish]

ABP: EOM Current Signal -> (1) 22 Jun: BULLISH HARD (2) 21 Jun: BULLISH HARD (3) 20 Jun: BEARISH HARD

ABP: Stochastic Oscillator continues to move above the Overbought limit @83.7
Stochastic Oscillator /
ABP: Stochastic Oscillator continues to move above the Overbought limit @83.7

[BEARISH]: Abacus Property is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Momentum /
Abacus Property currently has positive momentum of 0.1

ABP: MOM Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH

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