Technical analysis from Associated British Foods (ABF.L, LON:ABF) on the London Stock Exchange (LSE). Download the latest price data & trading signals

Associated British Foods
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Recent trading for Associated British Foods has surpassed the previous high by 1.2 %
High Price /
Recent trading for Associated British Foods has surpassed the previous high by 1.2 %

[BULLISH]: Associated British Foods current uptrend in the first timeframe. Currently, the HIGH is 1.2 %.

Price & volume confirms continued buying pressure for Associated British Foods is likely
Elders Force Index /
Price & volume confirms continued buying pressure for Associated British Foods is likely

[BULLISH]: Associated British Foods current price has highlighted recent buying pressure. Currently, the Elders Force Index is 8.90104e+006.

Opening Price /
Associated British Foods: Daily opening price is $2761

[BULLISH]: Associated British Foods opening price has gapped up. Currently, the OPEN is $2761 (0.6 %).

Short Trend /
[Uptrend]: A higher high has been achieved again for Associated British Foods

[BULLISH]: Associated British Foods is in an uptrend in the short term timeframe. The buyers have dominated the daily trade, however further confirmation is required before taking a position.

Daily Volume Index /
Associated British Foods is being actively accumulated based on DVI

[BULLISH]: Associated British Foods current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 392.

Exponential Moving Average /
The EMA trend following signal is still current for Associated British Foods [Bullish]

[BULLISH]: Associated British Foods currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0.3%.

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Triangular Moving Average /
[Bullish]: Trend following indicator for ABF highlights upward price direction is likely

[BULLISH]: Associated British Foods currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0.3%.

Drawdown for Associated British Foods is currently low signalling low stress
Ulcer Index /
Drawdown for Associated British Foods is currently low signalling low stress

[BEARISH]: Associated British Foods UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.525.

Associated British Foods has initiated a positive volume rate of change of 1
Volume Rate of Change /
Associated British Foods has initiated a positive volume rate of change of 1

[BULLISH CROSSOVER]: Associated British Foods currently has positive volume of change of 1%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 0.3%.

Average True Range /
Associated British Foods has signalled an ATR trend present [Downtrend]

[Bearish]: Average True Range has confirmed an downtrend is present. Associated British Foods has a TR of 34, and an ATR(14) of 44.333.

Pivot Points /
Stoploss for Associated British Foods should be set between $2735.6670 & $2717.33

Associated British Foods has broken the first resistance point ($2777.33) [Bullish]. Look for a long limit order entry near this point. Exit price for ABF should be set @$2795.67 & Stoploss for Associated British Foods should be set between $2735.67 & $2717.33

Percentage Volume /
Volume for Associated British Foods continues to lose momentum @-12.27)

[BEARISH]: Associated British Foods currently has negative PVO -12.27%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -1.2%.

Associated British Foods (ABF): Dark Cloud Cover short-term pattern has been confirmed
Dark Cloud Cover /
Associated British Foods (ABF): Dark Cloud Cover short-term pattern has been confirmed

[BEARISH]: Associated British Foods has formed a new bearish Dark Cloud Cover reversal pattern. This means, ABF has been in a short term uptrend with a white candle which is followed by a strong gap up on open but closes in the lower half of the previous candle. This indicates after a very strong open the bears have taken control on the close and highlights a potential trend change in the downward direction.

ABF Basic Candle: Black
Black Candle /
ABF Basic Candle: Black

[BEARISH]: Associated British Foods has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Sine Weighted Moving Average /
The SWMA trend following signal is still current for Associated British Foods [Bullish]

[BULLISH]: Associated British Foods currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0.3%.

Bill Williams Market Facilitation /
Trend continuation possible for ABF from reduced trading activity

ABF: BWMF Current Signal -> (1) 21 May: Fake Day (2) 18 May: Squat Day (3) 21 May: Green Day

Close Tod Vs Range Tod /
Trading for Associated British Foods highlights the commitment of sellers to carry positions overnight.

[BEARISH]: Associated British Foods sellers in control. This is the first day of seller commitment for Associated British Foods adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 86 trading days with the closing price in the lower part of the range giving a confirmation ratio of 32.7%. Over the last month there has been 4 trading days with the closing price in the lower range giving a confirmation ratio of 28.6%. Currently this quarter, closing price has spent 10 days in the lower price range compared to 12 days in the upper range giving a ratio of 0.8x.

Associated British Foods: Range Performance (-9.1)
Range Tod Vs Range Yest /
Associated British Foods: Range Performance (-9.1)

ABF: Range today versus range yesterday Current Signal ->(1) 21 May: BULLISH (2) 18 May: BEARISH (3) 21 May: BULLISH

MACD oscillator remains negative for ABF
MACD /
MACD oscillator remains negative for ABF

[BEARISH]: Associated British Foods currently has negative MACD of -4.6257. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is 2%.

Associated British Foods is still oversold with the Lower Envelope Band @$2546.96
Moving Average Envelope /
Associated British Foods is still oversold with the Lower Envelope Band @$2546.96

[BULLISH]: Associated British Foods current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 2546.96.

Price Range /
Associated British Foods: Range ($30)

ABF: Price Range Current Signal -> (1) 21 May: BEARISH (2) 18 May: BEARISH (3) 17 May: BULLISH

Low Price /
[Bullish]: New low has formed for ABF by 1.3 % during the last trading session

ABF: LOW Current Signal -> (1) 21 May: BULLISH (2) 18 May: BULLISH (3) 17 May: BULLISH

Ease of Movement /
Associated British Foods Ease of Movement is 111805 [Easily Moved]

ABF: EOM Current Signal -> (1) 21 May: BULLISH EASY (2) 18 May: BULLISH EASY (3) 21 May: BULLISH EASY

Average Directional Movement /
Daily trading has confirmed an ADX weak trend (18.39) for Associated British Foods

[Weak Trend]: ADX for ABF has confirmed a weak trend is present. Associated British Foods has an ATR(14) of 44.333, a DX of 27.65 & an ADX(14) of 18.39

OBV: Accumulation still active for Associated British Foods
On Balance Volume /
OBV: Accumulation still active for Associated British Foods

[BULLISH]: Associated British Foods current price has highlighted recent accumulation. Currently, the OBV is 7.44757e+006.

Market conditions are indicating accumulation is current for ABF
Accumulation / Distribution /
Market conditions are indicating accumulation is current for ABF

[BULLISH]: Associated British Foods current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 7.08255e+006.

Rate of Change /
Positive ROC for ABF is a leading indicator for continued price rise

[BULLISH]: Associated British Foods currently has positive rate of change of 2.034%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

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