Technical Analysis for ABC - AmerisourceBergen Corporation (Holding Co)
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
91.69 | -1.14% | -1.06 |
ABC closed down 1.14 percent on Thursday, April 19, 2018, on 51 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.
Earnings due: May 2
| ADX | Long-Term | Intermediate-Term | Short-Term |
|---|---|---|---|
| Weak or Absent | Up | Down | Up |
| See historical ABC trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Apr 19 | Fell Below 50 DMA | Bearish | 0.00% |
| Apr 19 | Overbought Stochastic | Strength | 0.00% |
| Apr 19 | Upper Bollinger Band Touch | Strength | 0.00% |
| Apr 18 | Crossed Above 50 DMA | Bullish | -1.14% |
| Apr 18 | Above Upper BB | Strength | -1.14% |
| Apr 18 | Gapped Up | Strength | -1.14% |
| Apr 18 | Overbought Stochastic | Strength | -1.14% |
| Apr 18 | Up 3 Days in a Row | Strength | -1.14% |
| Apr 18 | Upper Bollinger Band Touch | Strength | -1.14% |
| Apr 17 | Stochastic Reached Overbought | Strength | 0.71% |
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Basic chart:
- Earnings date: 2018-05-02
- Sector: Non-Cyclical Consumer Goods & Services
- Industry: Drug Retailers
AmerisourceBergen Corporation, a pharmaceutical services company, provides drug distribution and related healthcare services and solutions to pharmacy, physician, and manufacturer customers primarily in the United States and Canada. The company distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, and related services to various healthcare providers, including acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and other alternate site pharmacies, and other customers. It also offers pharmacy automation, inventory management, reimbursement and pharmaceutical consulting, staffing, logistics, and pharmacy management services to healthcare providers and pharmaceutical manufacturers. In addition, the company provides scalable automated pharmacy dispensing equipment, medication and supply dispensing cabinets, and supply management software to various retail and institutional healthcare providers. Further, it offers pharmaceutical distribution and other services to physicians, who specialize in various disease states; distributes plasma and other blood products, injectible pharmaceuticals, and vaccines; and provides third party logistics, reimbursement support programs, outcomes research, contract field staffing, patient and copay assistance, adherence programs, risk mitigation, and other market access programs and services to pharmaceutical and biotechnology manufacturers. Additionally, the company delivers packaging solutions to institutional and retail healthcare providers. It operates through a network of distribution service centers and other operations. AmerisourceBergen Corporation was founded in 1985 and is headquartered in Chesterbrook, Pennsylvania.
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength | |||
| Summary: | Counts: 1 bullish, 1 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies. | ||
See more ABC news...
Indicators
| Indicator | Value |
|---|---|
| 52 Week High | 106.27 |
| 52 Week Low | 71.9 |
| Average Volume | 2,118,585 |
| 200-Day Moving Average | 87.6855 |
| 50-Day Moving Average | 92.2968 |
| 20-Day Moving Average | 86.95 |
| 10-Day Moving Average | 88.946 |
| Average True Range | 2.9257 |
| ADX | 21.67 |
| +DI | 24.53 |
| -DI | 26.7 |
| Chandelier Exit (Long, 3 ATRs ) | 85.4429 |
| Chandelier Exit (Short, 3 ATRs ) | 90.3571 |
| Upper Bollinger Band | 92.3452 |
| Lower Bollinger Band | 81.5548 |
| Percent B (%b) | 0.94 |
| BandWidth | 12.409891 |
| MACD Line | -0.3692 |
| MACD Signal Line | -1.395 |
| MACD Histogram | 1.0258 |
| Fundamentals | Value |
|---|---|
| Market Cap | 20.1 Billion |
| Num Shares | 219 Million |
| EPS | 3.84 |
| Price-to-Earnings (P/E) Ratio | 23.88 |
| Price-to-Sales | 0.11 |
| Price-to-Book | 6.76 |
| PEG Ratio | 1.63 |
| Dividend | 1.46 |
| Dividend Yield | 1.59% |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 95.16 | ||||
| Resistance 3 (R3) | 95.07 | 93.83 | 94.58 | ||
| Resistance 2 (R2) | 93.83 | 92.95 | 93.87 | 94.38 | |
| Resistance 1 (R1) | 92.76 | 92.40 | 92.14 | 92.85 | 94.19 |
| Pivot Point | 91.52 | 91.52 | 91.21 | 91.56 | 91.52 |
| Support 1 (S1) | 90.45 | 90.64 | 89.83 | 90.54 | 89.19 |
| Support 2 (S2) | 89.21 | 90.09 | 89.25 | 89.00 | |
| Support 3 (S3) | 88.14 | 89.21 | 88.80 | ||
| Support 4 (S4) | 88.23 |
