Home 2024 AB International $ABQQ a Strong Buy

AB International $ABQQ a Strong Buy

by John Heffernan

AB International Group Corp. is primarily engaged in owning or leasing franchises, patents, and copyrights then in turn licensing others to use. The Company is an intellectual property (IP) and movie, television (TV) show, music, content investment and licensing company. The Company is focused on acquisitions and the development of various intellectual property, including the acquisition and distribution of movies. The Company’s online service is marketed and distributed around the world under the brand name ABQQ.tv. Its service is providing streaming for Chinese movies and TV dramas, which has an online broadcast license. The Company also has the Mount Kisco Movie Theatre. The Company operates through two segments: copyrights and license (IP) segment and the cinema segment.

Recent News

Financial Performance: In the past several months, ABQQ has had inconsistent financial results. Despite a little decrease in revenue from the previous quarter in Q3 2023, the business is still profitable and has a sound balance sheet. Investors will be interested to watch how Agilysys integration and the current attempts at restructuring affect the company’s financial performance going forward.

Financial Information

AB INTL GRP CORP(Trade Price) closed down -0.000 at 0.002. Volume was 66% below average (consolidating) and Bollinger Bands were 238% wider than normal.

AB INTL GRP CORP(Trade Price) is currently 375.9% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into ABQQ.PK (mildly bullish). Our trend forecasting oscillators are currently bullish on ABQQ.PK and have had this outlook for the last 58 periods. our momentum oscillator has set a new 14-period low while the security price has not. This is a bearish divergence.

  • Short Term: Neutral
  • Intermediate Term: Bullish
  • Long Term: Bullish

Momentum

Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 42.1875. This is not an overbought or oversold reading. The last signal was a sell 8 period(s) ago.

Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 58.55. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 7 period(s) ago.

Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -10. This is not a topping or bottoming area. The last signal was a sell 7 period(s) ago.

MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 0 period(s) ago.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 3 white candles and 6 black candles for a net of 3 black candles. During the past 50 bars, there have been 20 white candles and 19 black candles for a net of 1 white candles.

Bollinger Bands

On 1/4/2024, AB INTL GRP CORP(Trade Price) closed below the upper band by 38.4%.

Bollinger Bands are 472.81% wider than normal. The large width of the bands suggest high volatility as compared to AB INTL GRP CORP(Trade Price)’s normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The bands have been in this wide range for 57 period(s). The probability of prices consolidating into a less volatile trading range increases the longer the bands remain in this wide range.

The recent price action around the bands compared to the action of the Relative Strength Index (RSI) does not suggest any trading opportunities at this time.

You may also like

logo-white

Your Trusted Source for Capital Markets & Related News

© 2024 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.