ABM INDUSTRIES INC (ABM)
US0009571003 - Common Stock
Overall ABM gets a technical rating of 7 out of 10. Although ABM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
In the last month ABM has a been trading in the 42.63 - 45.25 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
When comparing the performance of all stocks over the past year, ABM turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.
ABM is an average performer in the Commercial Services & Supplies industry, it outperforms 53% of 84 stocks in the same industry.
ABM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ABM is lagging the market slightly.
Besides having an excellent technical rating, ABM also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 44.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 44.65, a Stop Loss order could be placed below this zone.
More info and screens
37.85
49.32
4 important support areas can be observed.
- A support zone ranging from 44.13 to 44.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @41.45 from a horizontal line in the daily time frame.
- Support @40.74 from a horizontal line in the daily time frame.
- A support zone ranging from 38.23 to 39.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Strong resistance @44.85 from a horizontal line in the daily time frame.
- Resistance @46.38 from a horizontal line in the weekly time frame.
- Resistance @48.83 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60
Mansfield-0.46
10 Day High45.25
10 Day Low43.59
20 Day High45.25
20 Day Low42.63
52 Week High53.05
52 Week Low37.61
Performance
1 Week1.15%
2 Weeks2.37%
1 Month0.81%
3 Month8.57%
6 Month9.74%
12 Month5.06%
2 Year-7.26%
3 Year-10.12%
5 Year23.7%
10 Year64.43%
15 Year177.13%
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)
Technical Indicators
MACD(12,26,9)-0.02
RSI(14)58.59
LBB43.56
UBB45.03
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 44.86 | 44.12 | 0.74 (1.65%) | 25.00% |
| An entry @44.86. This is a Buy Stop order right above the resistance zone. | An exit @44.12. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.74 points, which is 1.65%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.41%. |
- The distance between exit and entry is rather small compared to the average daily movement of ABM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ABM INDUSTRIES INC
NYSE:ABM (5/2/2024, 7:04:00 PM)
After market: 44.84 0 (0%)44.84
+0.04 (+0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg0.09%
1 Week1.15%
2 Weeks2.37%
1 Month0.81%
3 Month8.57%
6 Month9.74%
12 Month5.06%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.78
ATR(20)%1.72%
ATR Inc
Range Today0.55
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High45.25
10 Day Low43.59
20 Day High45.25
20 Day Low42.63
52 Week High53.05
52 Week Low37.61
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume501.90K
Volume Incr-3.07%
Vol(5)529.42K
Vol(50)645.61K