ASBURY AUTOMOTIVE GROUP (ABG) Stock Technical Analysis
NYSE:ABG • US0434361046
Overall ABG gets a technical rating of 0 out of 10. ABG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 81% 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 65% are performing better than ABG.
- ABG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month ABG has a been trading in the 214.81 - 242.22 range, which is quite wide. It is currently trading near the lows of this range.
ABG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 213.75, a Stop Loss order could be placed below this zone.
More info and screens
208.73
We found 1 important support area.
- 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 222.98 to 236.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 248.98 to 253.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 257.48 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 | 19.42 | NEGATIVE | ABG has a low relative strength, it was outperformed by 80.58% 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) | DOWN | NEGATIVE | The current price of ABG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.31 | NEUTRAL | The RSI value for ABG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.96 | NEGATIVE | The MACD value suggests ABG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.76 | OVERSOLD | The low Stochastics value suggests ABG may be oversold. |
| Average True Range in percent/ATR (20) | 4.04 | MEDIUM VOLATILITY | The ATR as a percentage value for ABG suggests some volalility. |
| Average Directional Index/ADX (14) | 19.62 | NEGATIVE | The low ADX value for ABG suggests a weak or negative trend. |
218.33
+1.3 (+0.6%)
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 38.3144. 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 213.75 and a resistance level at 222.98. Check the full technical report for our detailed analysis of ABG support and resistance levels.