ASBURY AUTOMOTIVE GROUP (ABG) Stock Technical Analysis
NYSE:ABG - New York Stock Exchange, Inc. - US0434361046 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to ABG. ABG has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month ABG has a been trading in the 220.99 - 246.32 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, ABG turns out to be only a medium performer in the overall market: it outperformed 52% of all stocks.
ABG is part of the Specialty Retail industry. There are 120 other stocks in this industry, ABG did better than 65% of them.
ABG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ABG is lagging the market.
Considerably lower volume is observed in the last couple of days.
ABG has an average technical rating and it also does not offer a high quality setup 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
207.60
246.05
3 important support areas can be observed.
- A support zone ranging from 232.09 to 234.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 226.34 to 228.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 209.70 to 216.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 239.69 to 243.61. 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 | NEUTRAL | NEUTRAL | The long term trend for ABG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABG is up. |
| ChartMill Relative Strength | 52.44 | NEUTRAL | ABG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ABG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ABG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ABG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.19 | NEUTRAL | The RSI value for ABG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.33 | POSITIVE | The MACD value suggests ABG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.17 | OVERBOUGHT | The high Stochastics value suggests ABG may be overbought. |
| Average True Range in percent/ATR (20) | 2.25 | MEDIUM VOLATILITY | The ATR as a percentage value for ABG suggests some volalility. |
| Average Directional Index/ADX (14) | 20.91 | NEUTRAL | The ADX value for ABG 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)
239.68
-3.39 (-1.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-1.39%
1 Week4.2%
2 Weeks5.94%
1 Month1.9%
3 Month3.81%
6 Month-5.53%
12 Month4.24%
2 Year-0.31%
3 Year41.54%
5 Year209.94%
10 Year164.49%
15 Year2174%
Volatility
ATR(14)5.62
ATR(20)%2.25%
ATR Inc-28.09%
Range Today4.77
ADR(20)5.14
ADR(20)%2.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.44
Mansfield-0.57
10 Day High246.32
10 Day Low224.16
20 Day High246.32
20 Day Low220.99
52 Week High312.56
52 Week Low201.68
CS1 End234.55
CR1 Start239.69
Volume & EV
DER(3)-0.41%
DER(5)-0.8%
Volume108.00K
Volume Incr-26.6%
Vol(5)94.40K
Vol(50)205.69K