Associated British Foods (ABF)

Sell: 2,649.00p

Buy: 2,650.00p

Change: 14.00p | 0.53%

Last updated 13:08 02/05/24. 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:

Strong Bullish
Medium term:

Bullish
Long term:

Strong Bullish

Short term comment

The evolution of prices has been generated by a movement that would technically be bullish but very close to the support and critical area that today generates the upward guideline in 2319 levels. The 2319 - 2294 range represents an area of ??greater neutrality, so the loss of 2319 would prevent a bullish rating.

Long term comment

As a reaction to the 39.8% prior revaluation, there is a moderate downward reaction, starting on the 25th of january at 2456.000, and ending at the low of 2226.000 (23-march-2024). The current rise has exceeded the previous highs, at 2456.000, reaching at the moment 2765.000 (22-april-2024) with no sign of weakness.

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
2485.3330	2600.3330	2665.6670	2780.6670	2830.3330	2945.3330

Alerts

Alerts
Priority	Date	Warning
Medium priority	24/04/2024	Strong overbought according to the RSI7 indicator, precaution against the possibility of short-term cuts.
Medium priority	24/04/2024	The RSI7 indicates an overbought price. Thus, bearish pressure can increase in the short term.
Medium priority	24/04/2024	The RSI7 indicates an overbought price. Thus, bearish pressure can increase in the short term.
Medium priority	24/04/2024	Some weakness showed at the fast stochastics may kept a lid on any meaningful positive move.
Medium priority	23/04/2024	Since the price is close to the moving average, it could strengthen to the upside, aothough quotes below it would signal a bearish reversal.
Medium priority	23/04/2024	Since the price is close to the moving average, it could strengthen to the upside, aothough quotes below it would signal a bearish reversal.
Medium priority	22/04/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	22/04/2024	Since the price is close to the moving average, it could strengthen to the upside, aothough quotes below it would signal a bearish reversal.
Medium priority	22/04/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
High priority	22/04/2024	The price is close to a resistance level so it is recommended to monitor behavior when reaching it.
Medium priority	19/04/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.

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