ABL GROUP ASA (ABL.OL) Stock Technical Analysis
Europe • Euronext Oslo • OSL:ABL • NO0010715394
Overall ABL gets a technical rating of 7 out of 10. ABL has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- ABL is one of the lesser performing stocks in the Energy Equipment & Services industry. 62% of 36 stocks in the same industry do better.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- 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 compared to the yearly performance of all other stocks, ABL outperforms 43% of them, which is more or less in line with the market.
- 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.
ABL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
8.11
We found 2 important support areas.
- 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.
- A support zone ranging from 8.19 to 8.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance 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 | NEUTRAL | NEUTRAL | The long term trend for ABL.OL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABL.OL is up. |
| ChartMill Relative Strength | 43.9 | 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) | UP | POSITIVE | The current price of ABL.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.4 | NEUTRAL | The RSI value for ABL.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ABL.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.77 | 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) | 36.17 | POSITIVE | The high ADX value value for ABL.OL suggests a strong trend. |
OSL:ABL (2/6/2026, 7:00:00 PM)
9.5
-0.08 (-0.84%)
ABL GROUP ASA / ABL.OL FAQ
What is the technical rating for ABL stock?
ChartMill assigns a technical rating of 7 / 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 Bearish.
What is the RSI signal for ABL stock?
ABL GROUP ASA (ABL.OL) has an RSI value of 63.4011. This indicates that the stock is currently neutral.
What is the support and resistance level for ABL stock?
ABL GROUP ASA (ABL.OL) has a support level at 8.44 and a resistance level at 9.91. Check the full technical report for our detailed analysis of ABL.OL support and resistance levels.