AMERISOURCEBERGEN CORP (ABC) Stock Technical Analysis
NYSE:ABC - New York Stock Exchange, Inc. - US03073E1055 - Common Stock - Currency: USD
Taking everything into account, ABC scores 5 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
ABC is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Looking at the yearly performance, ABC did better than 85% of all other stocks.
ABC is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry. ABC outperforms 75% of them.
ABC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ABC is performing more or less in line with the market.
ABC has an average volume of 1759210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Considerably lower volume is observed in the last couple of days.
ABC has an average technical rating and also the quality of the setup is only medium 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
154.50
195.35
3 important support areas can be observed.
- A support zone ranging from 177.76 to 179.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 162.87 to 165.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @156.06 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 192.60 to 193.42. 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 ABC is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABC is down. |
| ChartMill Relative Strength | 85.78 | POSITIVE | ABC has a high relative strength, it outperformed 85.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ABC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ABC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.69 | NEUTRAL | The RSI value for ABC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests ABC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.93 | NEUTRAL | The Stochastics value for ABC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.62 | LOW VOLATILITY | The low ATR as a percentage value for ABC suggests low volalility. |
| Average Directional Index/ADX (14) | 23.45 | NEUTRAL | The ADX value for ABC suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
179.98
-0.41 (-0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.23%
1 Week1.14%
2 Weeks-2.94%
1 Month-4.82%
3 Month3.13%
6 Month15.26%
12 Month21.85%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.38
ATR(20)%1.62%
ATR Inc-44.75%
Range Today1.69
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.78
Mansfield-0.14
10 Day High186.38
10 Day Low177.15
20 Day High194.37
20 Day Low177.15
52 Week High194.79
52 Week Low135.14
CS1 End179.97
CR1 Start192.6
Volume & EV
DER(3)3.41%
DER(5)3.02%
Volume806.00K
Volume Incr-55.57%
Vol(5)1.14M
Vol(50)1.76M