ABL GROUP ASA (ABL.OL) Stock Technical Analysis
OSL:ABL - NO0010715394 - Common Stock
9.1 NOK
+0.16 (+1.79%)
We assign a technical rating of 0 out of 10 to ABL. ABL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
74% of all other stocks performed better in the past year than ABL.
ABL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
ABL is an average performer in the Energy Equipment & Services industry, it outperforms 44% of 37 stocks in the same industry.
In the last month ABL has a been trading in the 8.90 - 9.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, ABL does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 9.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.05, a Stop Loss order could be placed below this zone.
More info and screens
8.84
10.31
We found 1 important support area.
- A support zone ranging from 8.93 to 9.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 9.14 to 9.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.48 to 9.56. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 9.81 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.
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 | 26.98 | NEGATIVE | ABL.OL has a low relative strength, it was outperformed by 73.02% 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) | 46.54 | NEUTRAL | The RSI value for ABL.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ABL.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.07 | NEUTRAL | The Stochastics value for ABL.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.85 | LOW VOLATILITY | The low ATR as a percentage value for ABL.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 43.96 | 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 (9/5/2025, 7:00:00 PM)
9.1
+0.16 (+1.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg1.79%
1 Week1.34%
2 Weeks0%
1 Month-3.81%
3 Month-2.57%
6 Month-2.99%
12 Month-4.01%
2 Year-36.36%
3 Year-27.49%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%1.85%
ATR Inc2.44%
Range Today0.14
ADR(20)0.16
ADR(20)%1.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.98
Mansfield-1.36
10 Day High9.18
10 Day Low8.9
20 Day High9.44
20 Day Low8.9
52 Week High11
52 Week Low8.82
CS1 End9.05
CR1 Start9.14
Volume & EV
DER(3)0.26%
DER(5)0.16%
Volume76.29K
Volume Incr21.2%
Vol(5)66.26K
Vol(50)52.15K