PORR AG (ABS2.DE) Stock Technical Analysis
FRA:ABS2 - Deutsche Boerse Ag - AT0000609607 - Common Stock - Currency: EUR
Overall ABS2 gets a technical rating of 8 out of 10. In the last year, ABS2 was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, ABS2 also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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 31.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 29.34, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
14.66
3 important support areas can be observed.
- A support zone ranging from 28.65 to 29.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.98 from a trend line in the daily time frame.
- Support @14.81 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 31.45 to 32.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for ABS2.DE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ABS2.DE is neutral. |
| ChartMill Relative Strength | 98.3 | POSITIVE | ABS2.DE has a high relative strength, it outperformed 98.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABS2.DE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ABS2.DE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ABS2.DE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.57 | NEUTRAL | The RSI value for ABS2.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests ABS2.DE has a negative trend. |
| Stochastics (14,3) | 16.48 | OVERSOLD | The low Stochastics value suggests ABS2.DE may be oversold. |
| Average True Range in percent/ATR (20) | 4.05 | MEDIUM VOLATILITY | The ATR as a percentage value for ABS2.DE suggests some volalility. |
| Average Directional Index/ADX (14) | 12.92 | NEGATIVE | The low ADX value for ABS2.DE suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 30.57 | 29.24 | 1.33 (4.35%) | 22.98% |
| An entry @30.57. This is a Buy Stop order right above the 10 day moving average. | An exit @29.24. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.33 points, which is 4.35%. | For a 1.00% total portfolio risk, you can invest 22.98% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ABS2. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
FRA:ABS2 (5/30/2025, 7:00:00 PM)
29.35
-0.1 (-0.34%)