ABM Industries Technical Analysis (NYSE:ABM)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the ABM Industries stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the ABM stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for ABM Industries. Technical analysis uses an approach for ABM Industries stock analysis that does not care for the fair value of a company but uses price and volume data only.
ABM Industries Moving Average
Moving averages show the ABM stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $30.44 is below the last closing price of $31.19 and the 50 day moving average of $30.13 is below the last closing price of $31.19. The 10 and 20 day periods can predict short term moving average trends.
ABM Industries Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like ABM Industries. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. ABM Industries bollinger bands show that the stock price is $31.19, upper band is 31.52, lower band is 29.21, and the average is 30.37.
ABM Industries Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The ABM Industries MACD line is above the signal line.
ABM Industries Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of ABM stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.