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.
73% 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. The S&P500 Index however is trading in the upper part of its 52 week range, so ABM is lagging the market.
In the last month ABM has a been trading in the 43.40 - 52.94 range, which is quite wide. It is currently trading near the lows of this range.
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 40% of 83 stocks in the same industry.
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
44.47
54.35
When analyzing the support we notice one important area.
- Support @44.92 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 48.26 to 49.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 52.10 to 52.76. 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 | 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 | 27.44 | NEGATIVE | ABM has a low relative strength, it was outperformed by 72.56% 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) | 30.13 | NEUTRAL | The RSI value for ABM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.87 | NEGATIVE | The MACD value suggests ABM has a negative trend. |
| Stochastics (14,3) | 26.03 | NEUTRAL | The Stochastics value for ABM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for ABM suggests some volalility. |
| Average Directional Index/ADX (14) | 33.05 | POSITIVE | The high ADX value value for ABM suggests a strong 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)
44.93
-1.39 (-3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg-3%
1 Week-3.6%
2 Weeks-14.66%
1 Month-14.09%
3 Month-3.95%
6 Month-19.98%
12 Month-8.62%
2 Year5.35%
3 Year3.48%
5 Year23.77%
10 Year36.69%
15 Year114.46%
Volatility
ATR(14)1.73
ATR(20)%3.19%
ATR Inc-30.09%
Range Today1.4
ADR(20)1.26
ADR(20)%2.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.44
Mansfield-1.71
10 Day High52.94
10 Day Low43.4
20 Day High52.94
20 Day Low43.4
52 Week High59.78
52 Week Low40.85
CS1 End44.92
CR1 Start48.26
Volume & EV
DER(3)-0.4%
DER(5)-0.04%
Volume660.40K
Volume Incr53.71%
Vol(5)760.52K
Vol(50)592.53K