ABL GROUP ASA (ABL.OL) Technical Analysis
OSL:ABL • NO0010715394
We assign a technical rating of 7 out of 10 to ABL. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ABL is only an average performer.
- ABL is part of the Energy Equipment & Services industry. There are 36 other stocks in this industry, of which 62% are performing better than ABL.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- ABL is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ABL is performing more or less in line with the market.
- In the last month ABL has a been trading in the 9.20 - 10.30 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, ABL turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
ABL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 10.16. Right above this resistance zone may be a good entry point.
More info and screens
8.12
When analyzing the support we can see 5 important areas.
- A support zone ranging from 9.75 to 9.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.24 to 9.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.63 from a trend line in the daily time frame.
- A support zone ranging from 8.44 to 8.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @8.20 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 10.16 to 10.26. 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 ABL.OL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ABL.OL is neutral. |
| ChartMill Relative Strength | 66.32 | NEUTRAL | ABL.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ABL.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ABL.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ABL.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.99 | NEUTRAL | The RSI value for ABL.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ABL.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.03 | NEUTRAL | The Stochastics value for ABL.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for ABL.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 27.42 | POSITIVE | The high ADX value value for ABL.OL suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.27 | 9.74 | 0.53 (5.16%) | 19.38% |
| An entry @10.27. This is a Buy Stop order right above the resistance zone. | An exit @9.74. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.53 points, which is 5.16%. | When investing 19.38% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ABL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ABL.OL Technicals: Chart, Performance Metrics, Trend & Indicators
OSL:ABL (3/6/2026, 7:00:00 PM)
10.15
+0.33 (+3.36%)
ABL GROUP ASA / ABL.OL FAQ
What is the technical rating for ABL stock?
ChartMill assigns a technical rating of 7 / 10 to ABL.OL.
Can you provide the trend direction for ABL GROUP ASA?
The current trend direction for ABL GROUP ASA (ABL.OL) is Bullish.
What is the RSI signal for ABL stock?
ABL GROUP ASA (ABL.OL) has an RSI value of 61.9932. This indicates that the stock is currently neutral.
What is the support and resistance level for ABL stock?
ABL GROUP ASA (ABL.OL) has a support level at 9.76 and a resistance level at 10.16. Check the full technical report for our detailed analysis of ABL.OL support and resistance levels.