ABL GROUP ASA (ABL.OL) Stock Technical Analysis
Europe • Euronext Oslo • OSL:ABL • NO0010715394
Taking everything into account, ABL scores 8 out of 10 in our technical rating. Although ABL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- ABL is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When comparing the performance of all stocks over the past year, ABL turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
- ABL is an average performer in the Energy Equipment & Services industry, it outperforms 41% of 37 stocks in the same industry.
- ABL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ABL is lagging the market.
Besides having an excellent technical rating, ABL also presents a decent setup pattern. 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.
More info and screens
8.12
When analyzing the support we can see 2 important areas.
- A support zone ranging from 8.41 to 8.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.20 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 9.91 to 9.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.20 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 | 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 | 51.49 | NEUTRAL | ABL.OL is not amongst the best or worst performers 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) | 66.42 | NEUTRAL | The RSI value for ABL.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ABL.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.07 | NEUTRAL | The Stochastics value for ABL.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for ABL.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 36.78 | POSITIVE | The high ADX value value for ABL.OL suggests a strong trend. |
OSL:ABL (2/10/2026, 1:21:14 PM)
9.64
+0.08 (+0.84%)
ABL GROUP ASA / ABL.OL 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 stock?
ABL GROUP ASA (ABL.OL) has an RSI value of 66.4175. This indicates that the stock is currently neutral.
What is the buy/sell signal for ABL stock?
The buy/sell signal for ABL GROUP ASA (ABL.OL) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for ABL GROUP ASA (ABL.OL) stock?
ABL GROUP ASA (ABL.OL) has a support level at 8.53 and a resistance level at 9.91. Check the full technical report for our detailed analysis of ABL.OL support and resistance levels.