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. In the last year, ABC was one of the better performers, but we do observe some doubts in the very recent evolution.
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.
When comparing the yearly performance of all stocks, we notice that ABC is one of the better performing stocks in the market, outperforming 85% of all stocks.
ABC is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry. ABC outperforms 76% of them.
ABC is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so ABC slightly outperforms the market at the moment.
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.
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
Performance
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
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)
Technical Indicators
MACD(12,26,9)-0.39
RSI(14)38.69
LBB175.04
UBB188.85
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