ABACUS GLOBAL MANAGEMENT INC (ABL) Stock Technical Analysis
NASDAQ:ABL - Nasdaq - US00258Y1047 - Common Stock - Currency: USD
We assign a technical rating of 0 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
95% of all other stocks performed better in the past year than ABL.
ABL is one of the lesser performing stocks in the Insurance industry. 92% of 144 stocks in the same industry do better.
ABL is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
ABL has an average volume of 1020810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ABL has a been trading in the 4.60 - 6.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ABL has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.34
9.11
2 important resistance areas can be observed.
- A resistance zone ranging from 8.55 to 8.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.02 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 | DOWN | NEGATIVE | The long term trend for ABL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABL is down. |
| ChartMill Relative Strength | 5.87 | NEGATIVE | ABL has a low relative strength, it was outperformed by 94.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ABL is below a declining 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) | 37.75 | NEUTRAL | The RSI value for ABL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ABL has a positive trend. |
| Stochastics (14,3) | 43.37 | NEUTRAL | The Stochastics value for ABL is a neutral value. |
| Average True Range in percent/ATR (20) | 7.66 | HIGH VOLATILITY | The high ATR as a percentage value for ABL suggests high volalility. |
| Average Directional Index/ADX (14) | 47.24 | 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)
5.39
+0.06 (+1.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg1.13%
1 Week-0.92%
2 Weeks-5.11%
1 Month-10.17%
3 Month-23.87%
6 Month-31.77%
12 Month-38.75%
2 Year-13.48%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%7.66%
ATR Inc-63.33%
Range Today0.13
ADR(20)0.4
ADR(20)%7.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.87
Mansfield-4.05
10 Day High6.11
10 Day Low4.6
20 Day High6.48
20 Day Low4.6
52 Week High11.86
52 Week Low4.6
CS1 EndN/A
CR1 Start8.55
Volume & EV
DER(3)3.09%
DER(5)1.19%
Volume503.30K
Volume Incr-29.3%
Vol(5)1.24M
Vol(50)1.02M