ASBURY AUTOMOTIVE GROUP (ABG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ABG - US0434361046 - Common Stock
Taking everything into account, ABG scores 3 out of 10 in our technical rating. 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.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 245.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 223.87, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
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3 important support areas can be observed.
- A support zone ranging from 222.28 to 223.87. 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.
We can see 4 important resistance areas.
- Resistance @245.42 from a trend line in the daily time frame.
- 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 | 33.36 | NEUTRAL | ABG is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of ABG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.82 | NEUTRAL | The RSI value for ABG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests ABG has a negative trend. |
| Stochastics (14,3) | 51.99 | NEUTRAL | The Stochastics value for ABG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.27 | MEDIUM VOLATILITY | The ATR as a percentage value for ABG suggests some volalility. |
| Average Directional Index/ADX (14) | 15.67 | NEGATIVE | The low ADX value for ABG suggests a weak or negative trend. |
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ASBURY AUTOMOTIVE GROUP / ABG FAQ
What is the technical rating for ABG stock?
ChartMill assigns a technical rating of 3 / 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 50.8162. 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 neutral.
Can you provide the support and resistance levels for ASBURY AUTOMOTIVE GROUP?
ASBURY AUTOMOTIVE GROUP (ABG) has a support level at 223.87 and a resistance level at 245.42. Check the full technical report for our detailed analysis of ABG support and resistance levels.