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ABVC Stock Tickeron detected bullish Stock Pattern: Three Rising Valleys ABVC on October 23, 2024, netting in a 7.68% gain over 4 weeks

A.I.dvisor
at Tickeron.com
10/26/24
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+7.68% Gain from a Successful pattern Three Rising Valleys
ABVC - ABVC BioPharma
Tickeron
Ticker: ABVC
Company: ABVC BioPharma
Gain: +7.68%
Confirmed: 10/23/24
Succeeded: 10/24/24
Total length: 29 days
On September 25, 2024, A.I.dvisor detected a Three Rising Valleys Pattern (Bullish) for ABVC BioPharma (ABVC, $0.67). On October 23, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $0.75. 1 day later, on October 24, 2024, ABVC reached the target price resulting in a for traders who took a long position in the stock.

ABVC's RSI Oscillator leaves overbought zone

The 10-day RSI Oscillator for ABVC moved out of overbought territory on October 25, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 20 instances where the indicator moved out of the overbought zone. In of the 20 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 06, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ABVC as a result. In of 105 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for ABVC turned negative on November 06, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 36 similar instances when the indicator turned negative. In of the 36 cases the stock turned lower in the days that followed. This puts the odds of success at .

ABVC moved below its 50-day moving average on November 04, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ABVC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

ABVC broke above its upper Bollinger Band on October 28, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

The 10-day moving average for ABVC crossed bullishly above the 50-day moving average on October 31, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a +2 3-day Advance, the price is estimated to grow further. Considering data from situations where ABVC advanced for three days, in of 165 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 71 cases where ABVC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.828) is normal, around the industry mean (14.568). P/E Ratio (0.000) is within average values for comparable stocks, (100.661). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.419). ABVC has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.012). P/S Ratio (32.258) is also within normal values, averaging (225.882).

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. ABVC’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ABVC’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 93, placing this stock worse than average.

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General Information

Industry Biotechnology

Profile
Fundamentals
Details
Industry
N/A
Address
44370 Old Warm Springs Boulevard
Phone
+1 510 668-0881
Employees
19
Web
https://www.abvcpharma.com