ABL GROUP ASA (ABL.OL) Stock Technical Analysis
OSL:ABL - Euronext Oslo - NO0010715394 - Common Stock - Currency: NOK
We assign a technical rating of 6 out of 10 to ABL. ABL has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, 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 10.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.99, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.84
2 important support areas can be observed.
- A support zone ranging from 9.60 to 9.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.93 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- Resistance @10.01 from a horizontal line in the weekly time frame.
- 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 @12.21 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 | NEUTRAL | NEUTRAL | The long term trend for ABL.OL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABL.OL is up. |
| ChartMill Relative Strength | 28.99 | NEGATIVE | ABL.OL has a low relative strength, it was outperformed by 71.01% off all stocks 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) | DOWN | MIXED | The current price of ABL.OL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.24 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 76.51 | NEUTRAL | The Stochastics value for ABL.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for ABL.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 19.06 | NEGATIVE | The low ADX value for ABL.OL suggests a weak or negative 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 |
|---|---|---|---|
| 10.02 | 9.79 | 0.23 (2.30%) | 25.00% |
| An entry @10.02. This is a Buy Stop order right above the resistance zone. | An exit @9.79. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.23 points, which is 2.30%. | For a 0.57% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
OSL:ABL (5/28/2025, 7:00:00 PM)
10
-0.2 (-1.96%)