ABB LTD-SPON ADR (ABB) Technical Analysis
NYSE:ABB • US0003752047
Current stock price
ABB Technical Rating and Analysis
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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that ABB is one of the better performing stocks in the market, outperforming 90% of all stocks.
- ABB is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ABB has a been trading in the 35.51 - 37.76 range, which is quite wide. It is currently trading near the high of this range.
- ABB has an average volume of 1777700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ABB is part of the Electrical Equipment industry. There are 92 other stocks in this industry, ABB did better than 68% of them.
- Volume is considerably higher in the last couple of days.
ABB Weekly and Daily overview Charts
ABB Setup Rating and Analysis
Although ABB has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
ABB Support and Resistance Analysis
31.66
When analyzing the support we can see 3 important areas.
- 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.
When analyzing the resistance we notice one important 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.
ABB Technical Indicator Signal Analysis
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. |
ABB Chart- and CandleStick Pattern Analysis
ABB Technicals: Chart, Performance Metrics, Trend & Indicators
37.13
-0.43 (-1.14%)
ABB LTD-SPON ADR / ABB TA FAQ
What is the technical rating for ABB stock?
ChartMill assigns a technical rating of 9 / 10 to ABB.
What is the current trend direction of ABB LTD-SPON ADR (ABB) stock?
The current trend direction for ABB LTD-SPON ADR (ABB) is Bullish.
What is the RSI signal for ABB LTD-SPON ADR (ABB) stock?
ABB LTD-SPON ADR (ABB) has an RSI value of 61.915. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ABB LTD-SPON ADR?
The short term momentum for ABB LTD-SPON ADR (ABB) is positive.
Can you provide the buy/sell signal for ABB LTD-SPON ADR?
The buy/sell signal for ABB LTD-SPON ADR (ABB) is buy as both the short term and long term trends are positive.