ABB LTD-SPON ADR (ABB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ABB - US0003752047 - ADR
Taking everything into account, ABB scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ABB is showing a nice and steady performance.
Although ABB has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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31.66
3 important support areas can be observed.
- A support zone ranging from 34.69 to 35.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.34 from a trend line in the weekly time frame.
- A support zone ranging from 31.98 to 31.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 37.31 to 37.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ABB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABB is up. |
| ChartMill Relative Strength | 90.28 | POSITIVE | ABB has a high relative strength, it outperformed 90.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ABB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ABB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ABB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.92 | NEUTRAL | The RSI value for ABB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ABB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.73 | OVERBOUGHT | The high Stochastics value suggests ABB may be overbought. |
| Average True Range in percent/ATR (20) | 1.49 | LOW VOLATILITY | The low ATR as a percentage value for ABB suggests low volalility. |
| Average Directional Index/ADX (14) | 28.81 | POSITIVE | The high ADX value value for ABB suggests a strong trend. |
37.13
-0.43 (-1.14%)
ABB LTD-SPON ADR / ABB FAQ
What is the technical rating for ABB stock?
ChartMill assigns a technical rating of 9 / 10 to ABB.
What is the trend direction for ABB stock?
The current trend direction for ABB LTD-SPON ADR (ABB) is Bullish.
What is the RSI signal for ABB stock?
ABB LTD-SPON ADR (ABB) has an RSI value of 61.915. This indicates that the stock is currently neutral.
What is the MACD signal for ABB LTD-SPON ADR (ABB) stock?
The MACD indicator for ABB LTD-SPON ADR (ABB) has a value of 0.0070826, indicating a bearish trend.
What is the support and resistance level for ABB stock?
ABB LTD-SPON ADR (ABB) has a support level at 35.34 and a resistance level at 37.31. Check the full technical report for our detailed analysis of ABB support and resistance levels.