ABM INDUSTRIES INC (ABM) Stock Technical Analysis
NYSE:ABM • US0009571003
We assign a technical rating of 0 out of 10 to ABM. 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.
- When comparing the yearly performance of all stocks, ABM is a bad performer in the overall market: 77% of all stocks are doing better.
- 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.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- ABM is an average performer in the Commercial Services & Supplies industry, it outperforms 44% of 80 stocks in the same industry.
- In the last month ABM has a been trading in the 42.59 - 47.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, ABM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 46.86. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 44.77, a Stop Loss order could be placed below this zone.
More info and screens
41.52
We found 2 important support areas.
- A support zone ranging from 44.23 to 44.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @41.94 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 46.86 to 48.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 23.69 | NEGATIVE | ABM has a low relative strength, it was outperformed by 76.31% 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 | 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) | 48.37 | NEUTRAL | The RSI value for ABM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests ABM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.93 | NEUTRAL | The Stochastics value for ABM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for ABM suggests some volalility. |
| Average Directional Index/ADX (14) | 22.15 | NEUTRAL | The ADX value for ABM suggests a possible start of a new trend. |
44.78
+1 (+2.28%)
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.
What is the current trend direction of ABM INDUSTRIES INC (ABM) stock?
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 48.3695. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ABM INDUSTRIES INC?
The short term momentum for ABM INDUSTRIES INC (ABM) is negative.