NYSE:AB - New York Stock Exchange, Inc. - US01881G1067 - Currency: USD
We assign a technical rating of 4 out of 10 to AB. Although AB is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is only medium, AB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 37.07. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 36.99, a Stop Loss order could be placed below this zone.
32.24
We found 3 important support areas.
When analyzing the resistance we notice 3 important areas.
37
+0.9 (+2.49%)