ABM INDUSTRIES INC (ABM) Stock Technical Analysis
NYSE:ABM - New York Stock Exchange, Inc. - US0009571003 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to ABM. 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.
When comparing the yearly performance of all stocks, ABM is a bad performer in the overall market: 71% of all stocks are doing better.
ABM is part of the Commercial Services & Supplies industry. There are 83 other stocks in this industry, of which 60% are performing better 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.
In the last month ABM has a been trading in the 43.41 - 49.66 range, which is quite wide. It is currently trading near the high of this range.
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.
ABM has an average technical rating and it also does not offer a high 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
41.81
54.35
When analyzing the support we can see 3 important areas.
- A support zone ranging from 48.29 to 49.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 43.38 to 43.45. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 42.23 to 42.24. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 51.19 to 51.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 52.66 to 52.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @53.81 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 | 29.7 | NEGATIVE | ABM has a low relative strength, it was outperformed by 70.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ABM is above the rising 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) | 59.3 | NEUTRAL | The RSI value for ABM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests ABM has a positive trend. |
| Stochastics (14,3) | 90.85 | OVERBOUGHT | The high Stochastics value suggests ABM may be overbought. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for ABM suggests some volalility. |
| Average Directional Index/ADX (14) | 23.91 | NEUTRAL | The ADX value for ABM suggests a possible start of a new trend. |
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)
49.49
+0.77 (+1.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg1.58%
1 Week2.63%
2 Weeks6.71%
1 Month6.84%
3 Month7.63%
6 Month-6.78%
12 Month-7.65%
2 Year6.94%
3 Year10.37%
5 Year37.86%
10 Year50.15%
15 Year128.07%
Volatility
ATR(14)1.02
ATR(20)%2.05%
ATR Inc-22.37%
Range Today0.89
ADR(20)0.99
ADR(20)%2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.7
Mansfield-1.12
10 Day High49.66
10 Day Low46.34
20 Day High49.66
20 Day Low43.41
52 Week High59.78
52 Week Low40.85
CS1 End49.05
CR1 Start51.19
Volume & EV
DER(3)-9.06%
DER(5)-7.66%
Volume480.90K
Volume Incr-15.43%
Vol(5)653.92K
Vol(50)541.63K