ABJ Technical Analysis - ABB LTD-REG

Technical Rating and Analysis

We assign a technical rating of 7 out of 10 to ABJ. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, ABJ is a bad performer.

When comparing the yearly performance of all stocks, ABJ is a bad performer in the overall market: 100% of all stocks are doing better.

ABJ is one of the lesser performing stocks in the Electrical Equipment industry. 83% of 61 stocks in the same industry do better.

Warning: ABJ has an average volume of 1301 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are positive. This is a very positive sign.

In the last month ABJ has a been trading in the 60.04 - 64.38 range, which is quite wide. It is currently trading near the high of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although ABJ has an excellent technical rating, the quality of the presented setup is 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

55.11

64.65

3 important support areas can be observed.

A support zone ranging from 62.03 to 63.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @56.61 from a horizontal line in the daily time frame.
A support zone ranging from 55.67 to 55.68. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 63.21 to 64.01. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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 ABJ.DE is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ABJ.DE is up.
ChartMill Relative Strength	0	NEGATIVE	ABJ.DE has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ABJ.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ABJ.DE is above the rising SMA(50).
Relative Strength Index/RSI (14)	62.16	NEUTRAL	The RSI value for ABJ.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests ABJ.DE has a negative trend.
Stochastics (14,3)	83.25	OVERBOUGHT	The high Stochastics value suggests ABJ.DE may be overbought.
Average True Range in percent/ATR (20)	1.32	LOW VOLATILITY	The low ATR as a percentage value for ABJ.DE suggests low volalility.
Average Directional Index/ADX (14)	30.25	POSITIVE	The high ADX value value for ABJ.DE suggests a strong trend.