ABM INDUSTRIES INC (ABM) Stock Technical Analysis
NYSE:ABM - New York Stock Exchange, Inc. - US0009571003 - Common Stock - Currency: USD
Overall ABM gets a technical rating of 0 out of 10. 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.
84% of all other stocks performed better in the past year than ABM.
ABM is part of the Commercial Services & Supplies industry. There are 84 other stocks in this industry, of which 68% are performing better 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 45.28 - 49.66 range, which is quite wide. It is currently trading near the lows of this range.
The technical rating of ABM is bad and it also does not present a quality setup 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.
More info and screens
41.81
54.35
We found 3 important support areas.
- Support @46.10 from a trend line in the weekly time frame.
- A support zone ranging from 43.45 to 43.51. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 42.23 to 42.24. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 46.99 to 47.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 50.64 to 50.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 52.66 to 52.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @53.81 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 | 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 | 16.98 | NEGATIVE | ABM has a low relative strength, it was outperformed by 83.02% 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) | 44.37 | NEUTRAL | The RSI value for ABM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests ABM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.94 | OVERSOLD | The low Stochastics value suggests ABM may be oversold. |
| Average True Range in percent/ATR (20) | 2 | MEDIUM VOLATILITY | The ATR as a percentage value for ABM suggests some volalility. |
| Average Directional Index/ADX (14) | 18.55 | NEGATIVE | The low ADX value for ABM suggests a weak or negative trend. |
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)
46.51
+1.04 (+2.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg2.29%
1 Week-1.27%
2 Weeks-2.1%
1 Month-3.55%
3 Month-8.3%
6 Month-12.71%
12 Month-11.91%
2 Year2.4%
3 Year0.24%
5 Year21.95%
10 Year45.3%
15 Year137.18%
Volatility
ATR(14)0.8
ATR(20)%2%
ATR Inc14.3%
Range Today1.05
ADR(20)0.92
ADR(20)%1.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.98
Mansfield-1.58
10 Day High48.27
10 Day Low45.29
20 Day High49.66
20 Day Low45.29
52 Week High59.78
52 Week Low40.85
CS1 End46.1
CR1 Start46.99
Volume & EV
DER(3)-5.09%
DER(5)-3.12%
Volume367.70K
Volume Incr-26.14%
Vol(5)398.36K
Vol(50)565.45K