ASSA ABLOY AB-B (ASSAB.ST) Stock Technical Analysis
STO:ASSAB - Nasdaq Stockholm AB - SE0007100581 - Common Stock - Currency: SEK
Taking everything into account, ASSAB scores 4 out of 10 in our technical rating. In the past year, ASSAB was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month ASSAB has a been trading in the 288.90 - 307.45 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When compared to the yearly performance of all other stocks, ASSAB outperforms 40% of them, which is more or less in line with the market.
ASSAB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ASSAB is lagging the market.
Although the technical rating is only medium, ASSAB does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 301.72, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
270.46
350.68
We found 3 important support areas.
- A support zone ranging from 297.67 to 301.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @280.85 from a trend line in the weekly time frame.
- Support @273.19 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @313.00 from a horizontal line in the daily time frame.
- Resistance @319.23 from a trend line in the daily time frame.
- Resistance @334.00 from a horizontal line in the daily time frame.
- A resistance zone ranging from 341.60 to 347.21. 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 | NEUTRAL | NEUTRAL | The long term trend for ASSAB.ST is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASSAB.ST is up. |
| ChartMill Relative Strength | 40.28 | NEUTRAL | ASSAB.ST is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ASSAB.ST is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ASSAB.ST is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ASSAB.ST is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.53 | NEUTRAL | The RSI value for ASSAB.ST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.09 | POSITIVE | The MACD value suggests ASSAB.ST has a positive trend. |
| Stochastics (14,3) | 85.37 | OVERBOUGHT | The high Stochastics value suggests ASSAB.ST may be overbought. |
| Average True Range in percent/ATR (20) | 1.68 | LOW VOLATILITY | The low ATR as a percentage value for ASSAB.ST suggests low volalility. |
| Average Directional Index/ADX (14) | 11.29 | NEGATIVE | The low ADX value for ASSAB.ST suggests a weak or negative 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)
STO:ASSAB (7/14/2025, 3:59:20 PM)
301.55
-1.75 (-0.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.58%
1 Week2.64%
2 Weeks1.47%
1 Month-0.59%
3 Month11.02%
6 Month-5.22%
12 Month-2.85%
2 Year19.88%
3 Year26.96%
5 Year58.01%
10 YearN/A
15 YearN/A
Volatility
ATR(14)5.14
ATR(20)%1.68%
ATR Inc11.36%
Range Today2.65
ADR(20)4.52
ADR(20)%1.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.28
Mansfield-1.18
10 Day High307.45
10 Day Low291.7
20 Day High307.45
20 Day Low288.9
52 Week High349
52 Week Low252.6
CS1 End301.72
CR1 Start313
Volume & EV
DER(3)-3.45%
DER(5)-3.75%
Volume422.58K
Volume Incr-13.88%
Vol(5)792.26K
Vol(50)893.27K