ABACUS GLOBAL MANAGEMENT INC (ABX) Technical Analysis
NYSE:ABX • US00258Y1047
Current stock price
ABX Technical Rating and Analysis
Taking everything into account, ABX scores 1 out of 10 in our technical rating. In the last year, ABX was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
- 100% of all other stocks performed better in the past year than ABX.
- ABX is one of the lesser performing stocks in the Insurance industry. 88% of 147 stocks in the same industry do better.
- In the last month ABX has a been trading in the 7.93 - 10.54 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
ABX Weekly and Daily overview Charts
ABX Setup Rating and Analysis
The technical rating of ABX 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
ABX Support and Resistance Analysis
7.88
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 8.95 to 9.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
ABX Technical Indicator Signal Analysis
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 ABX is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABX is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | ABX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ABX is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 32.02 | NEUTRAL | The RSI value for ABX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests ABX has a negative trend. |
| Stochastics (14,3) | 4.42 | OVERSOLD | The low Stochastics value suggests ABX may be oversold. |
| Average True Range in percent/ATR (20) | 6.78 | HIGH VOLATILITY | The high ATR as a percentage value for ABX suggests high volalility. |
| Average Directional Index/ADX (14) | 26.67 | POSITIVE | The high ADX value value for ABX suggests a strong trend. |
ABX Chart- and CandleStick Pattern Analysis
ABX Technicals: Chart, Performance Metrics, Trend & Indicators
7.96
-0.38 (-4.56%)
ABACUS GLOBAL MANAGEMENT INC / ABX TA FAQ
Can you provide the ChartMill technical rating for ABACUS GLOBAL MANAGEMENT INC?
ChartMill assigns a technical rating of 1 / 10 to ABX.
What is the trend direction for ABX stock?
The current trend direction for ABACUS GLOBAL MANAGEMENT INC (ABX) is Bullish.
What is the RSI signal for ABACUS GLOBAL MANAGEMENT INC (ABX) stock?
ABACUS GLOBAL MANAGEMENT INC (ABX) has an RSI value of 32.0172. This indicates that the stock is currently neutral.
What is the MACD signal for ABACUS GLOBAL MANAGEMENT INC (ABX) stock?
The MACD indicator for ABACUS GLOBAL MANAGEMENT INC (ABX) has a value of -0.256956, indicating a bearish trend.
Can you provide the short term momentum for ABACUS GLOBAL MANAGEMENT INC?
The short term momentum for ABACUS GLOBAL MANAGEMENT INC (ABX) is negative.