ABM INDUSTRIES INC (ABM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ABM - US0009571003 - Common Stock
Overall ABM gets a technical rating of 0 out of 10. ABM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
ABM has a poor technical rating and the quality of the setup is also only medium 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.
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41.52
When analyzing the support we notice one important area.
- Support @41.94 from a horizontal line in the weekly time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 43.64 to 44.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @45.43 from a horizontal line in the daily time frame.
- A resistance zone ranging from 46.65 to 47.01. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 48.07 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 | DOWN | NEGATIVE | The short term trend for ABM is down. |
| ChartMill Relative Strength | 21.13 | NEGATIVE | ABM has a low relative strength, it was outperformed by 78.87% 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) | 44.88 | NEUTRAL | The RSI value for ABM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.42 | NEGATIVE | The MACD value suggests ABM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.93 | OVERSOLD | The low Stochastics value suggests ABM may be oversold. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for ABM suggests some volalility. |
| Average Directional Index/ADX (14) | 22.82 | NEUTRAL | The ADX value for ABM suggests a possible start of a new trend. |
42.67
+0.5 (+1.19%)
ABM INDUSTRIES INC / ABM FAQ
What is the ChartMill technical rating of ABM INDUSTRIES INC (ABM) stock?
ChartMill assigns a technical rating of 0 / 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 44.8793. 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 -0.424282, indicating a bearish trend.