ABL GROUP ASA (ABL.OL) Stock Technical Analysis
Europe - Euronext Oslo - OSL:ABL - NO0010715394 - Common Stock
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.
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. There is very little resistance above the current price. There is a support zone below the current price at 8.64, a Stop Loss order could be placed below this zone.
More info and screens
8.11
2 important support areas can be observed.
- A support zone ranging from 8.50 to 8.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.19 to 8.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @8.72 from a trend line in the daily time frame.
- Resistance @8.92 from a horizontal line in the daily time frame.
- Resistance @9.10 from a horizontal line in the daily time frame.
- A resistance zone ranging from 9.47 to 9.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 21.56 | NEGATIVE | ABL.OL has a low relative strength, it was outperformed by 78.44% 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) | 54.62 | NEUTRAL | The RSI value for ABL.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ABL.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72 | NEUTRAL | The Stochastics value for ABL.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.21 | MEDIUM VOLATILITY | The ATR as a percentage value for ABL.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 33.24 | POSITIVE | The high ADX value value for ABL.OL suggests a strong trend. |
OSL:ABL (12/22/2025, 7:00:00 PM)
8.68
+0.14 (+1.64%)
ABL GROUP ASA / ABL.OL FAQ
What is the technical rating for ABL stock?
ChartMill assigns a technical rating of 1 / 10 to ABL.OL.
What is the trend direction for ABL stock?
The current trend direction for ABL GROUP ASA (ABL.OL) is Bearish.
What is the RSI signal for ABL stock?
ABL GROUP ASA (ABL.OL) has an RSI value of 54.6228. 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 neutral.
What is the support and resistance level for ABL stock?
ABL GROUP ASA (ABL.OL) has a support level at 8.64 and a resistance level at 8.72. Check the full technical report for our detailed analysis of ABL.OL support and resistance levels.