Overall ABL gets a technical rating of 9 out of 10. Both in the recent history as in the last year, ABL has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- ABL is part of the Insurance industry. There are 147 other stocks in this industry. ABL outperforms 91% of them.
- ABL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ABL is lagging the market slightly.
- 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.
- When comparing the yearly performance of all stocks, we notice that ABL is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Although ABL has an excellent technical rating, the quality of the presented setup is not ideal 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
5.14
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.
When analyzing the resistance we notice 2 important 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.
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. |
8.47
-0.03 (-0.35%)
ABACUS GLOBAL MANAGEMENT INC / ABL 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 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 buy/sell signal for ABL stock?
The buy/sell signal for ABACUS GLOBAL MANAGEMENT INC (ABL) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for ABACUS GLOBAL MANAGEMENT INC (ABL) stock?
ABACUS GLOBAL MANAGEMENT INC (ABL) has a support level at 8.46 and a resistance level at 8.52. Check the full technical report for our detailed analysis of ABL support and resistance levels.