We assign a technical rating of 9 out of 10 to ABL. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ABL is showing a nice and steady performance.
Although ABL has an excellent technical rating, it does not present a decent entry opportunity 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
5.12
3 important support areas can be observed.
- A support zone ranging from 8.24 to 8.29. 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 6.47 to 6.52. 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 5.17 to 5.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @8.52 from a horizontal 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 | UP | POSITIVE | The long term trend for ABL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABL is up. |
| ChartMill Relative Strength | 87.62 | POSITIVE | ABL has a high relative strength, it outperformed 87.62% 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) | UP | POSITIVE | The current price of ABL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71 | 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) | 88.56 | OVERBOUGHT | The high Stochastics value suggests ABL may be overbought. |
| Average True Range in percent/ATR (20) | 5 | MEDIUM VOLATILITY | The ATR as a percentage value for ABL suggests some volalility. |
| Average Directional Index/ADX (14) | 44.22 | POSITIVE | The high ADX value value for ABL suggests a strong trend. |
8.495
-0.02 (-0.18%)
ABACUS GLOBAL MANAGEMENT INC / ABL FAQ
What is the technical rating for ABL stock?
ChartMill assigns a technical rating of 9 / 10 to ABL.
What is the trend direction for ABL stock?
The current trend direction for ABACUS GLOBAL MANAGEMENT INC (ABL) is Bullish.
What is the RSI signal for ABL stock?
ABACUS GLOBAL MANAGEMENT INC (ABL) has an RSI value of 70.9965. This indicates that the stock is currently overbought.
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 8.29 and a resistance level at 8.52. Check the full technical report for our detailed analysis of ABL support and resistance levels.