ABACUS GLOBAL MANAGEMENT INC (ABX) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:ABX • US00258Y1047
Overall ABX gets a technical rating of 3 out of 10. 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.
- When comparing the yearly performance of all stocks, ABX is a bad performer in the overall market: 100% of all stocks are doing better.
- ABX is part of the Insurance industry. There are 147 other stocks in this industry, of which 89% are performing better than ABX.
- In the last month ABX has a been trading in the 7.41 - 8.88 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 long and short term trends are both positive. This is looking good!
The technical rating of ABX is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
7.38
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 8.06 to 8.28. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for ABX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABX is up. |
| 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). |
| Relative Strength Index/RSI (14) | 31.12 | NEUTRAL | The RSI value for ABX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests ABX has a negative trend. |
| Stochastics (14,3) | 14.47 | OVERSOLD | The low Stochastics value suggests ABX may be oversold. |
| Average True Range in percent/ATR (20) | 5.34 | HIGH VOLATILITY | The high ATR as a percentage value for ABX suggests high volalility. |
| Average Directional Index/ADX (14) | 31.57 | POSITIVE | The high ADX value value for ABX suggests a strong trend. |
7.45
-0.6 (-7.45%)
ABACUS GLOBAL MANAGEMENT INC / ABX FAQ
Can you provide the ChartMill technical rating for ABACUS GLOBAL MANAGEMENT INC?
ChartMill assigns a technical rating of 3 / 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 31.1248. 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 -0.37339, 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 positive.