Technical Analysis for ABC - AmerisourceBergen Corporation (Holding Co)
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
98.97 | -0.48% | -0.48 |
ABC closed down 0.48 percent on Friday, June 5, 2020, on approximately normal volume. The bulls were able to push the stock to a new 52-week high. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. 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.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Up | Up |
| Historical ABC trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Shooting Star Candlestick | Bearish | 0.00% | |
| Stochastic Sell Signal | Bearish | 0.00% | |
| New 52 Week High | Strength | 0.00% | |
| Upper Bollinger Band Walk | Strength | 0.00% | |
| Multiple of Ten Bearish | Other | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Upper Bollinger Band Touch | Strength | 0.00% | |
| Overbought Stochastic | Strength | -0.48% | |
| New 52 Week Closing High | Bullish | -0.52% | |
| Pocket Pivot | Bullish Swing Setup | -0.52% |
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Basic chart:
- Earnings date: 05/07/2020
- Sector: Healthcare
- Industry: Medical Distribution
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.
Biotechnology Health Disease Pharmacy Healthcare Providers Healthcare Industry Pharmaceuticals Policy Inventory Management Health Systems Pharmaceutical Manufacturers Blood Products Cardinal Health Packaging Solutions Specialty Drugs In The United States
Biotechnology Health Disease Pharmacy Healthcare Providers Healthcare Industry Pharmaceuticals Policy Inventory Management Health Systems Pharmaceutical Manufacturers Blood Products Cardinal Health Packaging Solutions Specialty Drugs In The United States
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 102.21 |
| 52 Week Low | 72.0583 |
| Average Volume | 1,462,975 |
| 200-Day Moving Average | 87.09 |
| 50-Day Moving Average | 89.17 |
| 20-Day Moving Average | 92.20 |
| 10-Day Moving Average | 95.87 |
| Average True Range | 3.15 |
| ADX | 22.66 |
| +DI | 34.56 |
| -DI | 13.89 |
| Chandelier Exit (Long, 3 ATRs ) | 92.75 |
| Chandelier Exit (Short, 3 ATRs ) | 90.97 |
| Upper Bollinger Band | 101.59 |
| Lower Bollinger Band | 82.82 |
| Percent B (%b) | 0.86 |
| BandWidth | 20.35 |
| MACD Line | 2.96 |
| MACD Signal Line | 2.14 |
| MACD Histogram | 0.8254 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 104.52 | ||||
| Resistance 3 (R3) | 104.98 | 103.60 | 103.60 | ||
| Resistance 2 (R2) | 103.60 | 102.18 | 103.37 | 103.29 | |
| Resistance 1 (R1) | 101.28 | 101.31 | 100.59 | 100.82 | 102.98 |
| Pivot Point | 99.90 | 99.90 | 99.55 | 99.67 | 99.90 |
| Support 1 (S1) | 97.58 | 98.48 | 96.89 | 97.12 | 94.96 |
| Support 2 (S2) | 96.20 | 97.61 | 95.97 | 94.65 | |
| Support 3 (S3) | 93.88 | 96.20 | 94.35 | ||
| Support 4 (S4) | 93.42 |
