ABACUS LIFE INC (ABL) Stock Technical Analysis
NASDAQ:ABL - Nasdaq - US00258Y1047 - Common Stock - Currency: USD
Taking everything into account, ABL scores 0 out of 10 in our technical rating. ABL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
88% of all other stocks performed better in the past year than ABL.
ABL is one of the lesser performing stocks in the Insurance industry. 89% of 144 stocks in the same industry do better.
ABL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ABL has a been trading in the 6.75 - 8.07 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, ABL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 7.80. Right above this resistance zone may be a good entry point.
More info and screens
6.84
9.36
When analyzing the support we notice one important area.
- A support zone ranging from 6.91 to 6.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 7.77 to 7.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 7.94 to 8.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.27 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.16
Mansfield-2.82
10 Day High8.07
10 Day Low7.33
20 Day High8.07
20 Day Low6.75
52 Week High12.65
52 Week Low6.75
Performance
1 Week-2.62%
2 Weeks3.59%
1 Month-1.39%
3 Month-13.64%
6 Month-26.44%
12 Month-32.61%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.04
RSI(14)51.63
LBB7.33
UBB8.08
ABACUS LIFE INC
NASDAQ:ABL (2/5/2025, 3:27:35 PM)
7.67
-0.12 (-1.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-1.54%
1 Week-2.62%
2 Weeks3.59%
1 Month-1.39%
3 Month-13.64%
6 Month-26.44%
12 Month-32.61%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%4.36%
ATR Inc-10.98%
Range Today0.2
ADR(20)0.34
ADR(20)%4.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.16
Mansfield-2.82
10 Day High8.07
10 Day Low7.33
20 Day High8.07
20 Day Low6.75
52 Week High12.65
52 Week Low6.75
CS1 End6.97
CR1 Start7.8
Volume & EV
DER(3)-2.64%
DER(5)0.55%
Volume237.70K
Volume Incr-6.27%
Vol(5)201.42K
Vol(50)295.03K