RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ABM
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ABM Industries Incorporated stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The ABM Industries Incorporated stock price gained 0.473% on the last trading day (Thursday, 28th Mar 2024), rising from $44.41 to $44.62. During the last trading day the stock fluctuated 1.49% from a day low at $44.31 to a day high of $44.97. The price has risen in 8 of the last 10 days and is up by 7.03% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 28 thousand more shares were traded than the day before. In total, 486 thousand shares were bought and sold for approximately $21.67 million.

The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $44.68 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect ABM Industries Incorporated stock with a 90% probability to be traded between $40.42 and $45.11 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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ABM Signals & Forecast

The ABM Industries Incorporated stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $44.10 and $41.84. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -0.0672%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for ABM Industries Incorporated stock

On the downside, the stock finds support just below today's level from accumulated volume at $42.13 and $41.92. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ABM Industries Incorporated finds support just below today's level at $42.13. If this is broken, then the next support from accumulated volume will be at $41.92 and $40.79.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.660 between high and low, or 1.49%. For the last week, the stock has had daily average volatility of 1.59%.

Our recommended stop-loss: $43.02 (-3.58%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (ABM) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect ABM Industries Incorporated to open at $44.63, and during the day (based on 14 day Average True Range), to move between $43.76 and $45.48, which gives a possible trading interval of +/-$0.86 (+/-1.93%) up or down from last closing price. If ABM Industries Incorporated takes out the full calculated possible swing range there will be an estimated 3.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $44.65 (0.07%) than the support at $42.13 (5.58%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is ABM Industries Incorporated stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for ABM Industries Incorporated stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.303 Buy Candidate Upgraded

Predicted Opening Price for ABM Industries Incorporated of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$44.63 ( 0.0299%) $44.62

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ABM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 45.29 1.51 %
R2 45.04 0.94 %
R1 44.89 0.595 %
Current price: 44.62
Support S1 44.38 -0.535 %
S2 44.23 -0.88 %
S3 43.97 -1.45 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 44.83 0.471 %
R1 44.65 0.0672 %
Current price 44.62
Support S1 42.13 -5.58%
S2 41.92 -6.05%
S3 40.79 -8.58%

ABM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 07, 2024 Apr 03, 2024 May 06, 2024 $0.225 0.504%
2 Jan 03, 2024 Jan 03, 2024 Feb 05, 2024 $0.225 0.554%
3 Sep 07, 2023 Oct 04, 2023 Nov 06, 2023 $0.220 0.547%
4 Jun 06, 2023 Jul 05, 2023 Aug 07, 2023 $0.220 0.482%
5 Mar 08, 2023 Apr 05, 2023 May 01, 2023 $0.220 0.517%

FAQ

What is the symbol for ABM Industries Incorporated Stock and on which exchange is it traded?
The symbol for ABM Industries Incorporated is ABM and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell ABM Industries Incorporated Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for ABM Industries Incorporated stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy ABM Industries Incorporated Stock?
ABM Industries Incorporated Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy ABM Industries Incorporated Stock.

What's the current price of ABM Industries Incorporated Stock?
As of the end of day on the 2024-03-28, the price of an ABM Industries Incorporated (ABM) share was $44.62.

What is the 52-week high and low for ABM Industries Incorporated Stock?
The 52-week high for ABM Industries Incorporated Stock is $53.05 and the 52-week low is $37.62.

What is the market capitalization of ABM Industries Incorporated Stock?
As of the 2024-03-28, the market capitalization of ABM Industries Incorporated is 2.824B.

When is the next earnings date for ABM Industries Incorporated?
The upcoming earnings date for ABM Industries Incorporated is Jun 04, 2024.
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About ABM Industries Incorporated

ABM Industriesorporated ABM Industries Incorporated provides integrated facility solutions in the United States and internationally. The company operates through Business & Industry, Technology & Manufacturing, Education, Aviation, and Technical Solutions segments. It provides janitorial, facilities engineering, parking, custodial, landscaping and ground, and mechanical and electrical services; and vehicle maintenance and other services to rental car providers. The comp... ABM Profile

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