ABACUS GLOBAL MANAGEMENT INC (ABL) Stock Technical Analysis
NASDAQ:ABL - Nasdaq - US00258Y1047 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to ABL. 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.
71% of all other stocks performed better in the past year than ABL.
ABL is one of the lesser performing stocks in the Insurance industry. 80% of 143 stocks in the same industry do better.
ABL is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
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.
ABL has an average technical rating and also the quality of the setup is 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
7.00
8.39
We found 2 important support areas.
- A support zone ranging from 8.19 to 8.22. 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 7.07 to 7.11. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 8.28 to 8.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.1
Mansfield-0.66
10 Day High8.44
10 Day Low8
20 Day High8.44
20 Day Low6.34
52 Week High12.4
52 Week Low6.34
Performance
1 Week-0.6%
2 Weeks2.87%
1 Month4.83%
3 Month5.91%
6 Month-3.4%
12 Month-31.59%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.03
RSI(14)59.64
LBB7.89
UBB8.41
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 8.32 | 8.18 | 0.14 (1.68%) | 25.00% |
| An entry @8.32. This is a Buy Stop order right above the resistance zone. | An exit @8.18. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.14 points, which is 1.68%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.42%. |
- The distance between exit and entry is rather small compared to the average daily movement of ABL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
8.25
-0.01 (-0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.12%
1 Week-0.6%
2 Weeks2.87%
1 Month4.83%
3 Month5.91%
6 Month-3.4%
12 Month-31.59%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%5.15%
ATR Inc-31.21%
Range Today0.27
ADR(20)0.41
ADR(20)%4.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.1
Mansfield-0.66
10 Day High8.44
10 Day Low8
20 Day High8.44
20 Day Low6.34
52 Week High12.4
52 Week Low6.34
CS1 End8.22
CR1 Start8.28
Volume & EV
DER(3)-1.31%
DER(5)-1.9%
Volume306.40K
Volume Incr-36.76%
Vol(5)314.82K
Vol(50)351.28K