ASBURY AUTOMOTIVE GROUP (ABG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ABG - US0434361046 - Common Stock
Overall ABG gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. ABG was also a bad performer in the overall market in the last year.
- 73% of all other stocks performed better in the past year than ABG.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- ABG is part of the Specialty Retail industry. There are 121 other stocks in this industry, ABG did better than 52% 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.
- In the last month ABG has a been trading in the 227.74 - 258.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ABG has an average technical rating and also the quality of the setup is only medium 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
When analyzing the support we can see 3 important areas.
- A support zone ranging from 222.28 to 225.06. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @216.41 from a horizontal line in the daily time frame.
- A support zone ranging from 209.70 to 212.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @253.39 from a horizontal line in the daily time frame.
- Resistance @259.00 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for ABG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ABG is neutral. |
| ChartMill Relative Strength | 27.59 | NEGATIVE | ABG has a low relative strength, it was outperformed by 72.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ABG is below 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) | UP | POSITIVE | The current price of ABG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.07 | NEUTRAL | The RSI value for ABG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.53 | NEGATIVE | The MACD value suggests ABG has a negative trend. |
| Stochastics (14,3) | 60.24 | NEUTRAL | The Stochastics value for ABG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for ABG suggests some volalility. |
| Average Directional Index/ADX (14) | 12.13 | NEGATIVE | The low ADX value for ABG suggests a weak or negative trend. |
238.04
-11.78 (-4.72%)
ASBURY AUTOMOTIVE GROUP / ABG FAQ
What is the technical rating for ABG stock?
ChartMill assigns a technical rating of 4 / 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 45.0679. This indicates that the stock is currently neutral.
What is the support and resistance level for ABG stock?
ASBURY AUTOMOTIVE GROUP (ABG) has a support level at 225.06 and a resistance level at 253.39. Check the full technical report for our detailed analysis of ABG support and resistance levels.