ABM INDUSTRIES INC (ABM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ABM - US0009571003 - Common Stock
We assign a technical rating of 2 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.
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 1 important support area.
- A support zone ranging from 41.94 to 42.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 45.51 to 45.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @46.79 from a horizontal line in the daily time frame.
- Resistance @47.55 from a trend line in the weekly time frame.
- A resistance zone ranging from 49.67 to 49.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for ABM is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABM is up. |
| ChartMill Relative Strength | 19.24 | NEGATIVE | ABM has a low relative strength, it was outperformed by 80.76% 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) | DOWN | MIXED | The current price of ABM is above a declining 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) | 63.34 | NEUTRAL | The RSI value for ABM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests ABM has a positive trend. |
| Stochastics (14,3) | 95.56 | OVERBOUGHT | The high Stochastics value suggests ABM may be overbought. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for ABM suggests low volalility. |
| Average Directional Index/ADX (14) | 24.6 | NEUTRAL | The ADX value for ABM suggests a possible start of a new trend. |
44.63
+0.34 (+0.77%)
ABM INDUSTRIES INC / ABM FAQ
What is the ChartMill technical rating of ABM INDUSTRIES INC (ABM) stock?
ChartMill assigns a technical rating of 2 / 10 to ABM.
Can you provide the trend direction for ABM INDUSTRIES INC?
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 63.343. This indicates that the stock is currently neutral.
What is the MACD signal for ABM stock?
The MACD indicator for ABM INDUSTRIES INC (ABM) has a value of 0.422538, indicating a bearish trend.
What is the buy/sell signal for ABM INDUSTRIES INC (ABM) stock?
The buy/sell signal for ABM INDUSTRIES INC (ABM) is hold as the short term and long term trends are mixed.