ABL GROUP ASA (ABL.OL) Stock Technical Analysis
OSL:ABL - Euronext Oslo - NO0010715394 - Common Stock - Currency: NOK
Overall ABL gets a technical rating of 0 out of 10. 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.
When comparing the yearly performance of all stocks, ABL is a bad performer in the overall market: 88% of all stocks are doing better.
ABL is one of the lesser performing stocks in the Energy Equipment & Services industry. 71% of 36 stocks in the same industry do better.
ABL is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month ABL has a been trading in a tight range between 9.04 and 9.50.
Although the technical rating is bad, ABL does present a nice setup opportunity. 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 9.41. Right above this resistance zone may be a good entry point.
More info and screens
8.84
13.23
2 important support areas can be observed.
- A support zone ranging from 9.09 to 9.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.93 to 8.94. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 9.41 to 9.53. 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.
- Resistance @10.21 from a horizontal line in the daily time frame.
- Resistance @10.45 from a horizontal line in the daily time frame.
- Resistance @12.13 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 | 12.89 | NEGATIVE | ABL.OL has a low relative strength, it was outperformed by 87.11% 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) | 43.62 | NEUTRAL | The RSI value for ABL.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ABL.OL has a positive trend. |
| Stochastics (14,3) | 56.86 | NEUTRAL | The Stochastics value for ABL.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.65 | LOW VOLATILITY | The low ATR as a percentage value for ABL.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 35.25 | 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 (7/14/2025, 7:00:00 PM)
9.22
+0.02 (+0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0.22%
1 Week-0.43%
2 Weeks0.22%
1 Month-1.08%
3 Month-1.08%
6 Month-6.69%
12 Month-24.59%
2 Year-45.72%
3 Year-27.56%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%1.65%
ATR Inc-24.32%
Range Today0.08
ADR(20)0.14
ADR(20)%1.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.89
Mansfield-1.42
10 Day High9.32
10 Day Low9.04
20 Day High9.5
20 Day Low9.04
52 Week High12.9
52 Week Low8.82
CS1 End9.2
CR1 Start9.41
Volume & EV
DER(3)0%
DER(5)0%
Volume126.52K
Volume Incr0.95%
Vol(5)47.84K
Vol(50)41.61K