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

Abacus Property
+ Share

Abacus Property  has broken the first Woodie support point ($3.85) [Bearish]
Woodie Pivot Point /
Abacus Property has broken the first Woodie support point ($3.85) [Bearish]

Abacus Property current pivot point (Woodie) is: $3.895. The current resistance levels are: (R1) $3.91: (R2) $3.955The current support levels are: (S1) $3.85: (S2) $3.835

Abacus Property : Sellers have taken control.
Open Tod Vs Close Tod /
Abacus Property : Sellers have taken control.

[BEARISH]: Abacus Property opened in the middle part of daily range at 66.7% & closed in the lower part of the trading range at 0%. This suggests the sellers have taken control. Over the last 12 months there has been 26 trading days with the opening price in the middle shadow & the closing the price in the lower shadow giving a confirmation ratio of 10%. Over the last month there has been 2 trading days with the opening price in the middle price range & the closing the price in the lower price range giving a confirmation ratio of 25%.

Ease of Movement /
ABP was difficult to move downward during the last trading day indicating a ST downtrend

ABP: EOM Current Signal -> (1) 11 Jan: BEARISH HARD (2) 11 Jan: BEARISH HARD (3) 11 Jan: BULLISH EASY

Pivot Points /
Abacus Property : Look for a short limit order entry @$3.86

Abacus Property has broken the first support point ($3.86) [Bearish]. Look for a short limit order entry near this point. Exit price for ABP should be set @$3.84 & short position stoploss for Abacus Property should be set between $3.96 & $3.98

Daily Volume Index /
Abacus Property : Current trading activity signals DVI distribution is present

ABP: DVI Current Signal -> (1) 11 Jan: BEARISH (2) 11 Jan: BEARISH (3) 11 Jan: BEARISH CROSSOVER

Elder Ray Index /
Abacus Property : Elder Ray Index is -0.158 [Bearish]

[BEARISH]: Abacus Property Elder Ray Index is signalling a Bearish movementERI is -0.158 indicating bear power. Prices are being driven below the consensus of value for ABP during the last trading session [Selling Pressure]

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Elders Force Index /
[Bearish]: Elders Force Index (-15326) confirms selling pressure remains

[BEARISH]: Abacus Property current price has highlighted recent selling pressure. Currently, the Elders Force Index is -15326.

Potential continuation of a trend reversal (Bullish) for Abacus Property
Commodity Channel Index /
Potential continuation of a trend reversal (Bullish) for Abacus Property

ABP: CCI Recent Trading -> (1) 11 Jan: -246 (2) 11 Jan: -115 (3) 11 Jan: 90

Negative momentum on volume for ABP is maintained & supports a bearish move is likely
Percentage Volume /
Negative momentum on volume for ABP is maintained & supports a bearish move is likely

ABP: PVO Current Signal -> (1) 11 Jan: BEARISH (2) 11 Jan: BEARISH (3) 11 Jan: BEARISH

Volume Rate of Change /
Abacus Property : Volume of Change (14) Crossover

[BULLISH CROSSOVER]: Abacus Property currently has positive volume of change of 53%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -1.3%.

On Balance Volume /
Traders are currently Distributing Abacus Property

[BEARISH]: Abacus Property current price has highlighted recent distribution. Currently, the OBV is -1.06432e+006.

Chaikin Money Flow /
Abacus Property : Bearish relationship forming between price & volume

[BEARISH]: Abacus Property current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.08. The bearish signal has been active for 3 days. During the quarter, the lowest CMF value was -0.08

Daily trading has confirmed an Aroon strong downtrend (-56) for Abacus Property
Aroon Oscillator /
Daily trading has confirmed an Aroon strong downtrend (-56) for Abacus Property

[BEARISH]: Abacus Property has a current ARO(25) of -56. This has change 8 points from yesterday.

Average Directional Movement /
Recent trading indicates ADX strong trend direction likely for ABP

ABP: Average Directional Index Recent Trading -> (1) 11 Jan: 25.1 (2) 11 Jan: 22.81 (3) 11 Jan: 22.11

Black Candle /
ABP Basic Candle: Black

[BEARISH]: Abacus Property has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Accumulation / Distribution /
Abacus Property : Accumulation Distribution Line (-904011)

[BEARISH]: Abacus Property current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Abacus Property  is now oversold with the Stochastic Oscillator @0
Stochastic Oscillator /
Abacus Property is now oversold with the Stochastic Oscillator @0

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

Abacus Property  has initiated a 2nd timeframe trend [Downtrend]
Medium Trend /
Abacus Property has initiated a 2nd timeframe trend [Downtrend]

[BEARISH]: Abacus Property is in an downtrend in the medium term timeframe. The current rally number is 2 & the highest rally count for the LTM is 23. The highest rally for the month is 8

[Downtrend]: Price for Abacus Property  is currently below the displaced moving average
Detrended Price Oscillator /
[Downtrend]: Price for Abacus Property is currently below the displaced moving average

ABP: DPO Recent Trading -> (1) 11 Jan: -0.2705 (2) 11 Jan: -0.0225 (3) 11 Jan: 0.0045

Triangular Moving Average /
[Bearish]: TMA(5) is serving as a resistance line for Abacus Property

[BEARISH]: Abacus Property currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -1.3%.

Ulcer Index /
[Low Stress]: Low drawdown associated with recent trading of ABP

[BEARISH]: Abacus Property UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.514.

Volume /
Abacus Property : Daily volume is 1.12233e+006 [Higher Volume]

[BULLISH]: Abacus Property current volume uptrend in the first timeframe. Volume for ABP is1.12233e+006 (39.7).

Simple Moving Average /
Price continues to trade below 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 -1.3%.

Sellers are now less eager for Abacus Property  given the price range is contracting
Range Tod Vs Range Yest /
Sellers are now less eager for Abacus Property given the price range is contracting

[WEAK BULLISH]: Abacus Property sellers are becoming less eager. This is the first day sellers have decreased eagerness for ABP reducing strength to a downtrend in the first timeframe. The biggest price range this month has been $0.29 & the greatest daily price range this year has been $0.29. The price range ratio this week versus the quarterly price range is 0.8x & the price range ratio this month versus the year to date price range is 1x.

Abacus Property : Daily low performance is -1.3 % [Downtrend]
Low Price /
Abacus Property : Daily low performance is -1.3 % [Downtrend]

ABP: LOW Current Signal -> (1) 11 Jan: BEARISH (2) 10 Jan: BEARISH (3) 09 Jan: BEARISH

Exponential Moving Average /
The EMA trend following signal is still current for Abacus Property [Bearish]

[BEARISH]: Abacus Property currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -1.3%.

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