ABACUS GLOBAL MANAGEMENT INC (ABL) Technical Analysis
NASDAQ:ABL • US00258Y1047
Current stock price
ABL Technical Rating and Analysis
Taking everything into account, ABL scores 9 out of 10 in our technical rating. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- ABL is one of the better performing stocks in the Insurance industry, it outperforms 95% of 147 stocks in the same industry.
- ABL is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ABL is performing more or less in line with the market.
- 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.
- Looking at the yearly performance, ABL did better than 81% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
ABL Weekly and Daily overview Charts
ABL Setup Rating and Analysis
ABL has an excellent technical rating, but 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
ABL Support and Resistance Analysis
5.14
3 important support areas can be observed.
- A support zone ranging from 8.41 to 8.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.67 to 6.69. 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 5.19 to 5.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @8.52 from a horizontal line in the weekly time frame.
- Resistance @8.96 from a horizontal line in the daily time frame.
ABL Technical Indicator Signal Analysis
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 | 81.88 | POSITIVE | ABL has a high relative strength, it outperformed 81.88% 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) | 68.73 | NEUTRAL | The RSI value for ABL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ABL has a negative trend. |
| Stochastics (14,3) | 76.1 | NEUTRAL | The Stochastics value for ABL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.82 | MEDIUM VOLATILITY | The ATR as a percentage value for ABL suggests some volalility. |
| Average Directional Index/ADX (14) | 47.75 | POSITIVE | The high ADX value value for ABL suggests a strong trend. |
ABL Chart- and CandleStick Pattern Analysis
ABL Technicals: Chart, Performance Metrics, Trend & Indicators
8.47
-0.03 (-0.35%)
ABACUS GLOBAL MANAGEMENT INC / ABL TA FAQ
What is the technical rating for ABL stock?
ChartMill assigns a technical rating of 9 / 10 to ABL.
Can you provide the trend direction for ABACUS GLOBAL MANAGEMENT INC?
The current trend direction for ABACUS GLOBAL MANAGEMENT INC (ABL) is Bullish.
What is the RSI signal for ABACUS GLOBAL MANAGEMENT INC (ABL) stock?
ABACUS GLOBAL MANAGEMENT INC (ABL) has an RSI value of 68.7334. 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.
Can you provide the buy/sell signal for ABACUS GLOBAL MANAGEMENT INC?
The buy/sell signal for ABACUS GLOBAL MANAGEMENT INC (ABL) is buy as both the short term and long term trends are positive.