ABL GROUP ASA (ABL.OL) Stock Technical Analysis
OSL:ABL - Euronext Oslo - NO0010715394 - Common Stock - Currency: NOK
We assign a technical rating of 1 out of 10 to ABL. 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, ABL is a bad performer in the overall market: 83% 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 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.
In the last month ABL has a been trading in a tight range between 9.10 and 9.50.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, ABL does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 9.40, a Stop Loss order could be placed below this zone.
More info and screens
8.84
10.31
We found 3 important support areas.
- A support zone ranging from 9.31 to 9.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.09 to 9.10. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- 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 3 important areas.
- Resistance @9.48 from a horizontal line in the daily time frame.
- 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.
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 | NEUTRAL | NEUTRAL | The short term trend for ABL.OL is neutral. |
| ChartMill Relative Strength | 17.89 | NEGATIVE | ABL.OL has a low relative strength, it was outperformed by 82.11% 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) | DOWN | MIXED | The current price of ABL.OL is above 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) | 58.32 | NEUTRAL | The RSI value for ABL.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ABL.OL has a positive trend. |
| Stochastics (14,3) | 83.33 | OVERBOUGHT | The high Stochastics value suggests ABL.OL may be overbought. |
| Average True Range in percent/ATR (20) | 1.44 | LOW VOLATILITY | The low ATR as a percentage value for ABL.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 22.32 | NEUTRAL | The ADX value for ABL.OL suggests a possible start of a new 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 (8/5/2025, 7:00:00 PM)
9.42
+0.02 (+0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0.21%
1 Week0.64%
2 Weeks2.37%
1 Month3.26%
3 Month-2.06%
6 Month-4.23%
12 Month-18.1%
2 Year-43.11%
3 Year-28.84%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%1.44%
ATR Inc57.3%
Range Today0.1
ADR(20)0.13
ADR(20)%1.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.89
Mansfield-0.83
10 Day High9.5
10 Day Low9.2
20 Day High9.5
20 Day Low9.1
52 Week High12.55
52 Week Low8.82
CS1 End9.4
CR1 Start9.48
Volume & EV
DER(3)-3.12%
DER(5)-1.87%
Volume23.69K
Volume Incr-43.12%
Vol(5)22.50K
Vol(50)42.02K