ABM INDUSTRIES INC (ABM) Stock Technical Analysis
USA - NYSE:ABM - US0009571003 - Common Stock
Taking everything into account, ABM scores 0 out of 10 in our technical rating. 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 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 support zone below the current price at 41.94, a Stop Loss order could be placed below this zone.
More info and screens
41.52
When analyzing the support we notice one important area.
- A support zone ranging from 41.94 to 41.94. 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 42.24 to 42.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 44.34 to 45.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 46.58 to 46.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @48.10 from a trend line in the weekly time frame.
- Resistance @53.90 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 | 16.06 | NEGATIVE | ABM has a low relative strength, it was outperformed by 83.94% 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) | 34.62 | NEUTRAL | The RSI value for ABM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ABM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.58 | OVERSOLD | The low Stochastics value suggests ABM may be oversold. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for ABM suggests some volalility. |
| Average Directional Index/ADX (14) | 31.09 | POSITIVE | The high ADX value value for ABM suggests a strong trend. |
42.07
-0.45 (-1.06%)
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 34.6227. 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 -0.0641971, indicating a bearish trend.
What is the buy/sell signal for ABM INDUSTRIES INC (ABM) stock?
The buy/sell signal for ABM INDUSTRIES INC (ABM) is sell as both the short term and long term trends are negative.