Taking everything into account, ABL scores 6 out of 10 in our technical rating. ABL has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
ABL has an average technical rating and it also does not offer a high quality setup 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.
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5.07
When analyzing the support we can see 3 important areas.
- A support zone ranging from 6.34 to 6.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 5.93 to 6.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 5.12 to 5.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 6.95 to 6.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.43 from a trend line in the weekly time frame.
- Resistance @7.69 from a trend line in the weekly 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 | 33.96 | NEUTRAL | ABL is not amongst the best or worst performers 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 | MIXED | The current price of ABL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.21 | NEUTRAL | The RSI value for ABL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests ABL has a positive trend. |
| Stochastics (14,3) | 83.22 | OVERBOUGHT | The high Stochastics value suggests ABL may be overbought. |
| Average True Range in percent/ATR (20) | 6.62 | HIGH VOLATILITY | The high ATR as a percentage value for ABL suggests high volalility. |
| Average Directional Index/ADX (14) | 22.29 | NEUTRAL | The ADX value for ABL suggests a possible start of a new trend. |
6.94
+0.08 (+1.17%)
ABACUS GLOBAL MANAGEMENT INC / ABL FAQ
What is the technical rating for ABL stock?
ChartMill assigns a technical rating of 6 / 10 to ABL.
What is the trend direction for ABL stock?
The current trend direction for ABACUS GLOBAL MANAGEMENT INC (ABL) is Bearish.
What is the RSI signal for ABL stock?
ABACUS GLOBAL MANAGEMENT INC (ABL) has an RSI value of 63.2112. This indicates that the stock is currently neutral.
What is the short term momentum for ABACUS GLOBAL MANAGEMENT INC (ABL) stock?
The short term momentum for ABACUS GLOBAL MANAGEMENT INC (ABL) is positive.
What is the support and resistance level for ABL stock?
ABACUS GLOBAL MANAGEMENT INC (ABL) has a support level at 6.42 and a resistance level at 6.95. Check the full technical report for our detailed analysis of ABL support and resistance levels.