ABL GROUP ASA (ABL.OL) Stock Technical Analysis
OSL:ABL - Euronext Oslo - NO0010715394 - Common Stock - Currency: NOK
We assign a technical rating of 2 out of 10 to ABL. In the past year, ABL was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
70% 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. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
ABL is part of the Energy Equipment & Services industry. There are 35 other stocks in this industry, ABL did better than 67% of them.
In the last month ABL has a been trading in the 8.82 - 10.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 9.63. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.55, 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
13.23
When analyzing the support we can see 2 important areas.
- A support zone ranging from 9.43 to 9.55. 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.
5 important resistance areas can be observed.
- A resistance zone ranging from 9.63 to 9.68. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @10.00 from a horizontal line in the daily time frame.
- A resistance zone ranging from 10.36 to 10.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.26 from a trend line in the weekly time frame.
- Resistance @13.10 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.58
Mansfield-0.62
10 Day High9.8
10 Day Low9
20 Day High10
20 Day Low8.82
52 Week High13.05
52 Week Low8.82
Performance
1 Week-0.21%
2 Weeks3.44%
1 Month2.34%
3 Month-2.83%
6 Month-7.05%
12 Month-15.61%
2 Year-39.87%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.03
RSI(14)55.34
LBB9.1
UBB9.82
OSL:ABL (4/30/2025, 9:43:22 AM)
9.62
-0.02 (-0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-0.21%
1 Week-0.21%
2 Weeks3.44%
1 Month2.34%
3 Month-2.83%
6 Month-7.05%
12 Month-15.61%
2 Year-39.87%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%3.68%
ATR Inc-76.03%
Range Today0
ADR(20)0.33
ADR(20)%3.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.58
Mansfield-0.62
10 Day High9.8
10 Day Low9
20 Day High10
20 Day Low8.82
52 Week High13.05
52 Week Low8.82
CS1 End9.55
CR1 Start9.63
Volume & EV
DER(3)0.26%
DER(5)0.55%
Volume500
Volume Incr-54.1%
Vol(5)18.81K
Vol(50)46.41K