ABM INDUSTRIES INC (ABM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ABM - US0009571003 - Common Stock
Taking everything into account, ABM scores 3 out of 10 in our technical rating. In the past year, ABM was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 78% of all other stocks performed better in the past year than ABM.
- 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.
- ABM is an average performer in the Commercial Services & Supplies industry, it outperforms 48% of 80 stocks in the same industry.
- ABM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ABM is lagging the market.
- In the last month ABM has a been trading in the 41.42 - 47.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of ABM is bad and it also does not present a 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.
More info and screens
41.52
We found 2 important support areas.
- Support @42.67 from a trend line in the daily time frame.
- Support @41.94 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @45.43 from a horizontal line in the daily time frame.
- A resistance zone ranging from 46.46 to 46.65. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 47.66 to 48.26. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @49.49 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 | NEUTRAL | NEUTRAL | The long term trend for ABM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABM is up. |
| ChartMill Relative Strength | 22.96 | NEGATIVE | ABM has a low relative strength, it was outperformed by 77.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ABM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ABM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ABM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.54 | NEUTRAL | The RSI value for ABM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests ABM has a positive trend. |
| Stochastics (14,3) | 86.77 | OVERBOUGHT | The high Stochastics value suggests ABM may be overbought. |
| Average True Range in percent/ATR (20) | 2.61 | MEDIUM VOLATILITY | The ATR as a percentage value for ABM suggests some volalility. |
| Average Directional Index/ADX (14) | 18.04 | NEGATIVE | The low ADX value for ABM suggests a weak or negative trend. |
45.26
+0.22 (+0.49%)
ABM INDUSTRIES INC / ABM FAQ
What is the ChartMill technical rating of ABM INDUSTRIES INC (ABM) stock?
ChartMill assigns a technical rating of 3 / 10 to ABM.
What is the current trend direction of ABM INDUSTRIES INC (ABM) stock?
The current trend direction for ABM INDUSTRIES INC (ABM) is Bearish.
What is the RSI signal for ABM INDUSTRIES INC (ABM) stock?
ABM INDUSTRIES INC (ABM) has an RSI value of 58.5438. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ABM INDUSTRIES INC?
The short term momentum for ABM INDUSTRIES INC (ABM) is positive.