ABM INDUSTRIES INC. - Daily - Technical analysis published on 11/12/2019 (GMT)
- 363
- 0
- Who voted?
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 37.89 USD
My targets
39.41 USD (+1.94%)
41.07 USD (+6.23%)
My analysis
ABM INDUSTRIES INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 37.89 USD. The next resistance located at 39.41 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 41.07 USD. After this resistance, buyers could then target 42.25 USD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
6.6
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ABM INDUSTRIES INC. price is 38.66 USD. The price registered an increase of +2.60% on the session with the lowest point at 37.59 USD and the highest point at 38.71 USD. The deviation from the price is +2.85% for the low point and -0.13% for the high point.37.59
38.71
38.66
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ABM INDUSTRIES INC.:
Technical
Technical analysis of this Daily chart of ABM INDUSTRIES INC. indicates that the overall trend is bullish. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 34.99 | 36.50 | 37.89 | 38.66 | 39.41 | 41.07 | 42.25 |
| Change (%) | -9.49% | -5.59% | -1.99% | - | +1.94% | +6.23% | +9.29% |
| Change | -3.67 | -2.16 | -0.77 | - | +0.75 | +2.41 | +3.59 |
| Level | Major | Major | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.72 | 36.99 | 37.33 | 37.60 | 37.94 | 38.21 | 38.55 |
| Camarilla | 37.51 | 37.57 | 37.62 | 37.68 | 37.74 | 37.79 | 37.85 |
| Woodie | 36.77 | 37.01 | 37.38 | 37.62 | 37.99 | 38.23 | 38.60 |
| Fibonacci | 36.99 | 37.22 | 37.36 | 37.60 | 37.83 | 37.97 | 38.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.13 | 35.72 | 36.76 | 37.35 | 38.39 | 38.98 | 40.02 |
| Camarilla | 37.36 | 37.51 | 37.66 | 37.81 | 37.96 | 38.11 | 38.26 |
| Woodie | 35.37 | 35.83 | 37.00 | 37.46 | 38.63 | 39.09 | 40.26 |
| Fibonacci | 35.72 | 36.34 | 36.72 | 37.35 | 37.97 | 38.35 | 38.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.19 | 31.32 | 33.89 | 36.03 | 38.60 | 40.73 | 43.30 |
| Camarilla | 35.17 | 35.60 | 36.03 | 36.46 | 36.89 | 37.32 | 37.75 |
| Woodie | 29.40 | 31.43 | 34.11 | 36.13 | 38.81 | 40.84 | 43.52 |
| Fibonacci | 31.32 | 33.12 | 34.23 | 36.03 | 37.82 | 38.93 | 40.73 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 64.89 | |
| MACD (12,26,9): | 0.3900 | |
| Directional Movement: | 2.43 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 37.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 35.90 | |
| Elder Ray (13): | 0.74 | |
| Super Trend (3,10): | 35.61 | |
| Zig ZAG (10): | 38.49 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 86.32 | |
| TEMA (21): | 37.98 | |
| Williams %R (14): | -5.84 | |
| Chande Momentum Oscillator (20): | 1.11 | |
| Repulse (5,40,3): | 4.4000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 1.20 |
| MA7: | 37.54 | |
| MA20: | 37.32 | |
| MA50: | 36.37 | |
| MA100: | 37.99 | |
| MAexp7: | 37.69 | |
| MAexp20: | 37.18 | |
| MAexp50: | 37.01 | |
| MAexp100: | 37.16 | |
| Price / MA7: | +2.98% | |
| Price / MA20: | +3.59% | |
| Price / MA50: | +6.30% | |
| Price / MA100: | +1.76% | |
| Price / MAexp7: | +2.57% | |
| Price / MAexp20: | +3.98% | |
| Price / MAexp50: | +4.46% | |
| Price / MAexp100: | +4.04% |
News
The last news published on ABM INDUSTRIES INC. at the time of the generation of this analysis was as follows:
- Recent Analysis Shows Amerco, McKesson, Ophthotech, IQVIA, Highwoods Properties, and ABM Industries Market Influences — Renewed Outlook, Key Drivers of Growth
- Faruqi & Faruqi, LLP is Investigating ABM Industries Inc. (ABM) on Behalf of its Shareholders
- Investor Network: ABM Industries Incorporated to Host Earnings Call
-
ABM Industries
- ABM and Heller Machine Tools Secure Largest PACE Investment in Michigan
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis ABM INDUSTRIES INC. - Daily