ABL GROUP ASA (ABL.OL) Stock Technical Analysis
OSL:ABL - Euronext Oslo - NO0010715394 - Common Stock - Currency: NOK
Taking everything into account, ABL scores 0 out of 10 in our technical rating. ABL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
80% of all other stocks performed better in the past year than ABL.
ABL is one of the lesser performing stocks in the Energy Equipment & Services industry. 65% of 36 stocks in the same industry do better.
ABL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ABL is lagging the market.
In the last month ABL has a been trading in the 9.22 - 10.30 range, which is quite wide. It is currently trading near the lows of this range.
ABL has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 9.53. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.10, a Stop Loss order could be placed below this zone.
More info and screens
8.84
13.23
When analyzing the support we can see 2 important areas.
- A support zone ranging from 9.09 to 9.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.93 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 9.39 to 9.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.94 to 10.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 10.21 to 10.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @12.17 from a trend line in the weekly time frame.
- Resistance @13.10 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for ABL.OL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABL.OL is down. |
| ChartMill Relative Strength | 20.84 | NEGATIVE | ABL.OL has a low relative strength, it was outperformed by 79.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABL.OL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ABL.OL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ABL.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.69 | NEUTRAL | The RSI value for ABL.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ABL.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.09 | NEUTRAL | The Stochastics value for ABL.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for ABL.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 27.43 | POSITIVE | The high ADX value value for ABL.OL suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
OSL:ABL (6/19/2025, 11:29:46 AM)
9.32
-0.08 (-0.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-0.85%
1 Week0.21%
2 Weeks-1.05%
1 Month-4.86%
3 Month-0.84%
6 Month-2.69%
12 Month-21.01%
2 Year-39.35%
3 Year-23.58%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%2.96%
ATR Inc-50.54%
Range Today0
ADR(20)0.27
ADR(20)%2.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.84
Mansfield-1.07
10 Day High9.68
10 Day Low9.22
20 Day High10.3
20 Day Low9.22
52 Week High13.05
52 Week Low8.82
CS1 End9.1
CR1 Start9.53
Volume & EV
DER(3)0%
DER(5)-5.71%
Volume100
Volume Incr-7.77%
Vol(5)32.69K
Vol(50)36.74K