AMERISOURCEBERGEN CORP (ABC) Technical Analysis
NYSE:ABC • US03073E1055
Current stock price
ABC Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to ABC. 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.
- 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 100 other stocks in this industry. ABC outperforms 82% 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 Weekly and Daily overview Charts
ABC Setup Rating and Analysis
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
ABC Support and Resistance Analysis
154.50
We found 3 important support areas.
- 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.
ABC 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 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. |
ABC Chart- and CandleStick Pattern Analysis
ABC Technicals: Chart, Performance Metrics, Trend & Indicators
179.98
-0.41 (-0.23%)
AMERISOURCEBERGEN CORP / ABC TA FAQ
What is the technical rating for ABC stock?
ChartMill assigns a technical rating of 4 / 10 to ABC.
What is the current trend direction of AMERISOURCEBERGEN CORP (ABC) stock?
The current trend direction for AMERISOURCEBERGEN CORP (ABC) is Bullish.
Can you provide the RSI signal for AMERISOURCEBERGEN CORP?
AMERISOURCEBERGEN CORP (ABC) has an RSI value of 38.6859. This indicates that the stock is currently neutral.
What is the MACD signal for AMERISOURCEBERGEN CORP (ABC) stock?
The MACD indicator for AMERISOURCEBERGEN CORP (ABC) has a value of -0.388176, indicating a bearish trend.
What is the support and resistance level for ABC stock?
AMERISOURCEBERGEN CORP (ABC) has a support level at 179.97 and a resistance level at 192.6. Check the full technical report for our detailed analysis of ABC support and resistance levels.