ABM INDUSTRIES INC (ABM) Technical Analysis
NYSE:ABM • US0009571003
Current stock price
ABM Technical Rating and Analysis
Overall ABM gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. ABM was also a bad performer in the overall market in the last year.
- 83% of all other stocks performed better in the past year than ABM.
- ABM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month ABM has a been trading in the 37.23 - 40.94 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- ABM is part of the Commercial Services & Supplies industry. There are 80 other stocks in this industry, ABM did better than 46% of them.
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. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 40.36. Right above this resistance zone may be a good entry point.
More info and screens
ABM Support and Resistance Analysis
37.01
We found 1 important support 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.
5 important resistance areas can be observed.
- A resistance zone ranging from 40.36 to 41.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @45.84 from a trend line in the weekly time frame.
- Resistance @46.98 from a trend line in the daily time frame.
- A resistance zone ranging from 48.25 to 48.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @49.53 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The short term trend for ABM is up. |
| ChartMill Relative Strength | 17.54 | NEGATIVE | ABM has a low relative strength, it was outperformed by 82.46% 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 | 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) | 53.04 | NEUTRAL | The RSI value for ABM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests ABM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.02 | OVERBOUGHT | The high Stochastics value suggests ABM may be overbought. |
| Average True Range in percent/ATR (20) | 2.04 | MEDIUM VOLATILITY | The ATR as a percentage value for ABM suggests some volalility. |
| Average Directional Index/ADX (14) | 23.9 | NEUTRAL | The ADX value for ABM suggests a possible start of a new trend. |
ABM Chart- and CandleStick Pattern Analysis
ABM Technicals: Chart, Performance Metrics, Trend & Indicators
40.16
-0.35 (-0.86%)
ABM INDUSTRIES INC / ABM TA FAQ
What is the ChartMill technical rating of ABM INDUSTRIES INC (ABM) stock?
ChartMill assigns a technical rating of 2 / 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 53.0358. 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 0.281422, indicating a bearish trend.
What is the short term momentum for ABM stock?
The short term momentum for ABM INDUSTRIES INC (ABM) is positive.