ABL GROUP ASA (ABL.OL) Technical Analysis
OSL:ABL • NO0010715394
Current stock price
ABL.OL Technical Rating and Analysis
Overall ABL gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ABL is only an average performer.
- ABL is one of the lesser performing stocks in the Energy Equipment & Services industry. 70% of 35 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- ABL is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ABL is performing more or less in line with the market.
- Looking at the yearly performance, ABL did better than 78% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month ABL has a been trading in the 9.38 - 12.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ABL.OL Weekly and Daily overview Charts
ABL.OL Setup Rating and Analysis
ABL has an excellent technical rating and also presents 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 11.72. Right above this resistance zone may be a good entry point.
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ABL.OL Support and Resistance Analysis
8.36
6 important support areas can be observed.
- A support zone ranging from 10.89 to 11.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.69 from a horizontal line in the daily time frame.
- Support @9.83 from a trend line in the daily time frame.
- Support @9.50 from a horizontal line in the daily time frame.
- Support @8.75 from a trend line in the daily time frame.
- A support zone ranging from 8.44 to 8.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.72 to 11.76. This zone is formed by a combination of multiple trend lines in the weekly time frame.
ABL.OL Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for ABL.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABL.OL is up. |
| ChartMill Relative Strength | 78.18 | POSITIVE | ABL.OL has a high relative strength, it outperformed 78.18% 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) | UP | POSITIVE | The current price of ABL.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.9 | NEUTRAL | The RSI value for ABL.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests ABL.OL has a negative trend. |
| Stochastics (14,3) | 37.21 | NEUTRAL | The Stochastics value for ABL.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.01 | HIGH VOLATILITY | The high ATR as a percentage value for ABL.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 22.32 | NEUTRAL | The ADX value for ABL.OL suggests a possible start of a new trend. |
ABL.OL Chart- and CandleStick Pattern Analysis
ABL.OL Technicals: Chart, Performance Metrics, Trend & Indicators
OSL:ABL (4/1/2026, 7:00:00 PM)
11.2
-0.15 (-1.32%)
ABL GROUP ASA / ABL.OL TA FAQ
What is the technical rating for ABL stock?
ChartMill assigns a technical rating of 8 / 10 to ABL.OL.
Can you provide the trend direction for ABL GROUP ASA?
The current trend direction for ABL GROUP ASA (ABL.OL) is Bullish.
What is the RSI signal for ABL GROUP ASA (ABL.OL) stock?
ABL GROUP ASA (ABL.OL) has an RSI value of 56.8978. This indicates that the stock is currently neutral.
What is the short term momentum for ABL GROUP ASA (ABL.OL) stock?
The short term momentum for ABL GROUP ASA (ABL.OL) is positive.
Can you provide the buy/sell signal for ABL GROUP ASA?
The buy/sell signal for ABL GROUP ASA (ABL.OL) is buy as both the short term and long term trends are positive.