Associated British Foods (ABF)

Sell: 2,180.00p

Buy: 2,250.00p

Change: 8.00p | 0.37%

Last updated 16:25 29/11/24. Prices delayed by at least 15 minutes. Change is calculated based on previous close price.

Technical analysis

The information in this section is provided by Noesis Tech Analysis not Barclays.

This share factsheet isn’t an investment recommendation. We don’t offer personal advice so if you’re unsure, please seek independent advice. Remember, the value of investments can fall as well as rise and you may get back less than you invest.

Trend

The trend arrows show short, mid and long term signal.

Short term:

Bearish
Medium term:

Strong Bearish
Long term:

Bullish

Short term comment

The technical bias of the price bearish very pressured by the 2323.75 area and increasing the risk of overbought and setbacks I would have to overcome 2323.75 to propose the change to a more neutral scenario

Long term comment

Between october and november 2023 a bearish phase took place and moved the price from 2005.515 to 1743.233. This phase was corrected by a significative upward reaction that returned the price to 2743.539 levels on the 26th of june. After this, the current fall from 2743.539 to 2130.000 has not reached the previous lows in 1743.233, an area of important support.

Technical outlook

Bullish in the long term, although it must still break above the resistance at 21.07 to slightly improve in the short term.

Technical Comment: Outperform

Oscillators

Moving average

View technical details

Pivot points

Pivot points
Support 3	Support 2	Support 1	Resistance 1	Resistance 2	Resistance 3
2149.0000	2170.0000	2184.0000	2205.0000	2212.0000	2233.0000

Alerts

Alerts
Priority	Date	Warning
Medium priority	02/12/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	02/12/2024	Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
Medium priority	02/12/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
High priority	02/12/2024	The price is close to supports. It is recommended to monitor if bulls are back in control when they are reached.
Medium priority	29/11/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	29/11/2024	Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
Medium priority	29/11/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
High priority	29/11/2024	The price is close to supports. It is recommended to monitor if bulls are back in control when they are reached.
Medium priority	28/11/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	28/11/2024	Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.
Medium priority	28/11/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.

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