ASSOCIATED BRITISH FOODS PLC (ABF.L) Stock Technical Analysis
LON:ABF - London Exchange - GB0006731235 - Common Stock - Currency: GBX
Taking everything into account, ABF scores 4 out of 10 in our technical rating. In the last year, ABF was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, ABF is a bad performer in the overall market: 80% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month ABF has a been trading in the 2013.00 - 2149.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ABF is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ABF is lagging the market slightly.
ABF has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 2071.65, a Stop Loss order could be placed below this zone.
More info and screens
1,823.09
2,330.07
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2042.00 to 2071.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1929.50 from a horizontal line in the daily time frame.
- A support zone ranging from 1841.50 to 1851.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- Resistance @2105.66 from a trend line in the weekly time frame.
- A resistance zone ranging from 2185.46 to 2204.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2247.00 from a horizontal line in the daily time frame.
- Resistance @2307.00 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for ABF.L is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABF.L is up. |
| ChartMill Relative Strength | 20.56 | NEGATIVE | ABF.L has a low relative strength, it was outperformed by 79.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ABF.L is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ABF.L is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ABF.L is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.2 | NEUTRAL | The RSI value for ABF.L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ABF.L has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 70.57 | NEUTRAL | The Stochastics value for ABF.L is a neutral value. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for ABF.L suggests low volalility. |
| Average Directional Index/ADX (14) | 11.09 | NEGATIVE | The low ADX value for ABF.L suggests a weak or negative 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)
LON:ABF (6/18/2025, 5:29:58 PM)
2081
+8 (+0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.39%
1 Week2.41%
2 Weeks0.87%
1 Month-2.25%
3 Month8.36%
6 Month1.31%
12 Month-15.27%
2 Year4.52%
3 Year31.88%
5 Year8.67%
10 Year-27.52%
15 Year113.55%
Volatility
ATR(14)30.96
ATR(20)%1.56%
ATR Inc-14.11%
Range Today20
ADR(20)30.43
ADR(20)%1.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.56
Mansfield-0.8
10 Day High2096
10 Day Low2016
20 Day High2149
20 Day Low2013
52 Week High2548
52 Week Low1819
CS1 End2071.65
CR1 Start2105.66
Volume & EV
DER(3)2.28%
DER(5)1.98%
Volume456.29K
Volume Incr15.33%
Vol(5)507.45K
Vol(50)544.04K