ABACUS GLOBAL MANAGEMENT INC (ABL) Stock Technical Analysis
NASDAQ:ABL - US00258Y1047 - Common Stock
6.93 USD
+0.02 (+0.29%)
6.93 USD
0 (0%)
We assign a technical rating of 5 out of 10 to ABL. Recently some decent action could be observed, but in the medium term time frame this is still negative. ABL was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, ABL is a bad performer in the overall market: 91% of all stocks are doing better.
ABL is one of the lesser performing stocks in the Insurance industry. 88% of 143 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.
In the last month ABL has a been trading in the 5.15 - 7.05 range, which is quite wide. It is currently trading near the high of this range.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is only medium, ABL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
6.86
8.95
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 6.94 to 6.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.14 from a trend line in the weekly time frame.
- Resistance @8.86 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 is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABL is up. |
| ChartMill Relative Strength | 9.82 | NEGATIVE | ABL has a low relative strength, it was outperformed by 90.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ABL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ABL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ABL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 73.79 | OVERBOUGHT | The high RSI value suggests ABL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests ABL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.9 | OVERBOUGHT | The high Stochastics value suggests ABL may be overbought. |
| Average True Range in percent/ATR (20) | 4.18 | MEDIUM VOLATILITY | The ATR as a percentage value for ABL suggests some volalility. |
| Average Directional Index/ADX (14) | 43.68 | POSITIVE | The high ADX value value for ABL suggests a strong trend. |
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)
6.93
+0.02 (+0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.29%
1 Week8.11%
2 Weeks10.35%
1 Month28.1%
3 Month-10.35%
6 Month-10.93%
12 Month-32.13%
2 Year-23.93%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%4.18%
ATR Inc-37.13%
Range Today0.2
ADR(20)0.28
ADR(20)%4.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.82
Mansfield-1.85
10 Day High7.05
10 Day Low6.23
20 Day High7.05
20 Day Low5.15
52 Week High10.95
52 Week Low4.6
CS1 EndN/A
CR1 Start6.94
Volume & EV
DER(3)-0.89%
DER(5)-1.47%
Volume340.19K
Volume Incr-8.56%
Vol(5)592.52K
Vol(50)767.70K