ABM INDUSTRIES INC (ABM) Technical Analysis
NYSE:ABM • US0009571003
Current stock price
ABM Technical Rating and Analysis
Taking everything into account, ABM scores 0 out of 10 in our technical rating. ABM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 82% of all other stocks performed better in the past year than ABM.
- ABM is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ABM is lagging the market.
- ABM is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- ABM is an average performer in the Commercial Services & Supplies industry, it outperforms 42% of 81 stocks in the same industry.
ABM Weekly and Daily overview Charts
ABM Setup Rating and Analysis
ABM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 38.73. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 37.38, a Stop Loss order could be placed below this zone.
More info and screens
ABM Support and Resistance Analysis
37.01
When analyzing the support we notice one important area.
- A support zone ranging from 37.38 to 37.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 38.73 to 38.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 46.31 to 46.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 48.25 to 49.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
ABM Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for ABM is down. |
| ChartMill Relative Strength | 18.73 | NEGATIVE | ABM has a low relative strength, it was outperformed by 81.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ABM is below 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) | 39.75 | NEUTRAL | The RSI value for ABM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests ABM has a positive trend. |
| Stochastics (14,3) | 56.62 | NEUTRAL | The Stochastics value for ABM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.43 | MEDIUM VOLATILITY | The ATR as a percentage value for ABM suggests some volalility. |
| Average Directional Index/ADX (14) | 45.95 | POSITIVE | The high ADX value value for ABM suggests a strong trend. |
ABM Chart- and CandleStick Pattern Analysis
ABM Technicals: Chart, Performance Metrics, Trend & Indicators
38.72
+0.02 (+0.05%)
ABM INDUSTRIES INC / ABM TA FAQ
What is the ChartMill technical rating of ABM INDUSTRIES INC (ABM) stock?
ChartMill assigns a technical rating of 0 / 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.
Can you provide the RSI signal for ABM INDUSTRIES INC?
ABM INDUSTRIES INC (ABM) has an RSI value of 39.7507. This indicates that the stock is currently neutral.
What is the MACD signal for ABM INDUSTRIES INC (ABM) stock?
The MACD indicator for ABM INDUSTRIES INC (ABM) has a value of 0.244004, indicating a bearish trend.
What is the short term momentum for ABM stock?
The short term momentum for ABM INDUSTRIES INC (ABM) is negative.