ASBURY AUTOMOTIVE GROUP (ABG) Stock Technical Analysis
NYSE:ABG • US0434361046
Taking everything into account, ABG scores 0 out of 10 in our technical rating. ABG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 79% of all other stocks performed better in the past year than ABG.
- ABG is part of the Specialty Retail industry. There are 123 other stocks in this industry, of which 63% are performing better than ABG.
- In the last month ABG has a been trading in the 218.91 - 248.10 range, which is quite wide. It is currently trading near the lows of this range.
- 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.
Although the technical rating is bad, ABG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 222.43, a Stop Loss order could be placed below this zone.
More info and screens
208.73
2 important support areas can be observed.
- A support zone ranging from 222.28 to 222.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 210.84 to 213.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 226.25 to 227.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 231.91 to 238.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 249.99 to 259.00. 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 | DOWN | NEGATIVE | The long term trend for ABG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABG is down. |
| ChartMill Relative Strength | 21.86 | NEGATIVE | ABG has a low relative strength, it was outperformed by 78.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ABG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ABG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.36 | NEUTRAL | The RSI value for ABG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.46 | NEGATIVE | The MACD value suggests ABG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.09 | NEUTRAL | The Stochastics value for ABG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.96 | MEDIUM VOLATILITY | The ATR as a percentage value for ABG suggests some volalility. |
| Average Directional Index/ADX (14) | 15.48 | NEGATIVE | The low ADX value for ABG suggests a weak or negative trend. |
226.18
+2.97 (+1.33%)
ASBURY AUTOMOTIVE GROUP / ABG FAQ
What is the technical rating for ABG stock?
ChartMill assigns a technical rating of 0 / 10 to ABG.
What is the trend direction for ABG stock?
The current trend direction for ASBURY AUTOMOTIVE GROUP (ABG) is Bearish.
What is the RSI signal for ABG stock?
ASBURY AUTOMOTIVE GROUP (ABG) has an RSI value of 43.3641. This indicates that the stock is currently neutral.
What is the buy/sell signal for ABG stock?
The buy/sell signal for ASBURY AUTOMOTIVE GROUP (ABG) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for ASBURY AUTOMOTIVE GROUP?
ASBURY AUTOMOTIVE GROUP (ABG) has a support level at 222.43 and a resistance level at 226.25. Check the full technical report for our detailed analysis of ABG support and resistance levels.