ASBURY AUTOMOTIVE GROUP (ABG) Stock Technical Analysis
NYSE:ABG - US0434361046 - Common Stock
253.35 USD
+1.81 (+0.72%)
253.35 USD
0 (0%)
Overall ABG gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ABG is only an average performer.
The long and short term trends are both positive. This is looking good!
When compared to the yearly performance of all other stocks, ABG outperforms 68% of them, which is more or less in line with the market.
ABG is an average performer in the Specialty Retail industry, it outperforms 59% of 123 stocks in the same industry.
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.
In the last month ABG has a been trading in the 220.56 - 263.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although ABG has an excellent technical rating, the quality of the presented setup is not ideal 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
268.64
4 important support areas can be observed.
- A support zone ranging from 241.66 to 242.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 220.21 to 225.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @216.41 from a horizontal line in the daily time frame.
- Support @209.70 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @254.03 from a trend line in the daily time frame.
- A resistance zone ranging from 263.23 to 265.98. 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 ABG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABG is up. |
| ChartMill Relative Strength | 68.04 | 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 | MIXED | The current price of ABG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.19 | NEUTRAL | The RSI value for ABG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.7 | POSITIVE | The MACD value suggests ABG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.31 | NEUTRAL | The Stochastics value for ABG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for ABG suggests some volalility. |
| Average Directional Index/ADX (14) | 23.39 | 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)
253.35
+1.81 (+0.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg0.72%
1 Week0.21%
2 Weeks5.37%
1 Month13.13%
3 Month9.17%
6 Month-0.58%
12 Month14.18%
2 Year10.12%
3 Year67.67%
5 Year159.98%
10 Year212.2%
15 Year1700.64%
Volatility
ATR(14)6.86
ATR(20)%2.69%
ATR Inc15.56%
Range Today7.93
ADR(20)6.4
ADR(20)%2.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.04
Mansfield-0.36
10 Day High263.38
10 Day Low236.96
20 Day High263.38
20 Day Low220.56
52 Week High312.56
52 Week Low201.68
CS1 End242.17
CR1 Start254.03
Volume & EV
DER(3)-0.28%
DER(5)-0.33%
Volume146.40K
Volume Incr-24.08%
Vol(5)158.44K
Vol(50)189.49K