ASBURY AUTOMOTIVE GROUP (ABG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ABG - US0434361046 - Common Stock
We assign a technical rating of 5 out of 10 to ABG. Although ABG is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
ABG has an average technical rating and the quality of the presented setup is also 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
We found 4 important support areas.
- A support zone ranging from 232.10 to 239.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 222.28 to 223.58. 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.
When analyzing the resistance we notice 3 important areas.
- Resistance @246.31 from a trend 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 | 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 | 37.48 | 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) | DOWN | MIXED | The current price of ABG is above a declining 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) | 57.87 | NEUTRAL | The RSI value for ABG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.9 | POSITIVE | The MACD value suggests ABG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.39 | OVERBOUGHT | The high Stochastics value suggests ABG may be overbought. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for ABG suggests some volalility. |
| Average Directional Index/ADX (14) | 16.49 | NEGATIVE | The low ADX value for ABG suggests a weak or negative trend. |
242.43
-1.21 (-0.5%)
ASBURY AUTOMOTIVE GROUP / ABG FAQ
What is the technical rating for ABG stock?
ChartMill assigns a technical rating of 5 / 10 to ABG.
Can you provide the trend direction for ASBURY AUTOMOTIVE GROUP?
The current trend direction for ASBURY AUTOMOTIVE GROUP (ABG) is Bullish.
What is the RSI signal for ABG stock?
ASBURY AUTOMOTIVE GROUP (ABG) has an RSI value of 57.8683. 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 positive.
Can you provide the support and resistance levels for ASBURY AUTOMOTIVE GROUP?
ASBURY AUTOMOTIVE GROUP (ABG) has a support level at 239.5 and a resistance level at 246.31. Check the full technical report for our detailed analysis of ABG support and resistance levels.