Advanced blockchain investors no longer participate! ()

On December 30, 2022, 8:46 a.m., Advanced Blockchain is listed on the Xetra exchange at 2.93 EUR. Advanced Blockchain belongs to the “Software and Services” segment.

We analyzed this share in 4 points and gave it the rating “Buy”, “Hold” and “Sell”. At the end of the analysis, you will find the resulting overall rating.

1. Relative Strength Index: With the help of the Relative Strength Index (RSI), a technical analysis indicator, it is possible to determine whether a security is “overbought” or “oversold”. To do this, the upward and downward movements of an underlying asset are compared over time. Let’s look at the last 7-day RSI for the Advanced Blockchain stock: it currently sits at 82.05. As a result, the security is overbought and we therefore assign it a “sell” rating. The RSI for the last 25 trading days is less volatile than the RSI7 and adds a longer-term perspective to our analysis. Unlike the RSI of the last 7 trading days, Advanced Blockchain is neither overbought nor oversold on this basis. The stock’s deviating rating for the 25-day RSI is therefore a “hold” rating. Overall, RSI analysis on the advanced blockchain provides a “sell” rating.

2. Sentiment and Buzz: Assessing the rate of change in sentiment and the intensity of the discussion paints the following picture: Over the past month, there has been no significant trend in investor sentiment . Therefore, we evaluate this point with “Hold”. Let’s look at the intensity of the discussions over the past month. This provides information on whether an action tends to receive a lot or little attention. Investors haven’t discussed the company much more or less than usual. This results in a “Hold” rating. This gives the Advanced Blockchain stock a “Hold” rating.

3. Technical analysis: The 200 day line (GD200) of the advanced blockchain is currently at 6 EUR. This gives the stock a “Sell” rating, as the stock price itself ended at 2.93 euros and thus widened a gap of -51.17%. The ratio is different compared to the moving average price of the last 50 days. The GD50 is currently at a level of EUR 3.14. This in turn corresponds to the current difference of -6.69% for the Advanced Blockchain share and therefore a “sell” signal. The overall result based on the two periods is therefore “Sell”.