ASBURY AUTOMOTIVE GROUP (ABG) Stock Technical Analysis
USA - NYSE:ABG - US0434361046 - Common Stock
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.
The technical rating of ABG is bad and it also does not present a 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
We found 1 important support area.
- A support zone ranging from 209.70 to 210.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 237.55 to 242.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 249.59 to 253.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @259.00 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 | 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 | 20.53 | NEGATIVE | ABG has a low relative strength, it was outperformed by 79.47% 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) | 31.03 | NEUTRAL | The RSI value for ABG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.09 | NEGATIVE | The MACD value suggests ABG has a negative trend. |
| Stochastics (14,3) | 16.89 | OVERSOLD | The low Stochastics value suggests ABG may be oversold. |
| Average True Range in percent/ATR (20) | 3.65 | MEDIUM VOLATILITY | The ATR as a percentage value for ABG suggests some volalility. |
| Average Directional Index/ADX (14) | 31.45 | POSITIVE | The high ADX value value for ABG suggests a strong trend. |
210.94
-8.51 (-3.88%)
ASBURY AUTOMOTIVE GROUP / ABG FAQ
What is the technical rating for ABG stock?
ChartMill assigns a technical rating of 0 / 10 to ABG.
Can you provide the trend direction for ASBURY AUTOMOTIVE GROUP?
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 31.0259. This indicates that the stock is currently neutral.
What is the short term momentum for ABG stock?
The short term momentum for ASBURY AUTOMOTIVE GROUP (ABG) is negative.
Can you provide the support and resistance levels for ASBURY AUTOMOTIVE GROUP?
ASBURY AUTOMOTIVE GROUP (ABG) has a support level at 210.93 and a resistance level at 237.55. Check the full technical report for our detailed analysis of ABG support and resistance levels.