AMERISOURCEBERGEN CORP (ABC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ABC - US03073E1055 - Common Stock
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 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
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.
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. |
179.98
-0.41 (-0.23%)
AMERISOURCEBERGEN CORP / ABC FAQ
What is the technical rating for ABC stock?
ChartMill assigns a technical rating of 4 / 10 to ABC.
Can you provide the trend direction for AMERISOURCEBERGEN CORP?
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 buy/sell signal for ABC stock?
The buy/sell signal for AMERISOURCEBERGEN CORP (ABC) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for AMERISOURCEBERGEN CORP (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.