Technical Analysis for ABC - AmerisourceBergen Corporation (Holding Co)

Grade Last Price % Change Price Change
grade F 80.49 0.68% 0.54
ABC closed up 0.68 percent on Wednesday, October 18, 2017, on approximately normal volume. It ran into resistance at its 50 day moving average. 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.

Earnings due: Nov 2

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Trend Table & Recent Alerts
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Flat Flat
See historical ABC trend table...

Date Alert Name Type % Chg
Oct 18 50 DMA Resistance Bearish 0.00%
Oct 18 Shooting Star Candlestick Bearish 0.00%
Oct 18 Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Oct 17 50 DMA Resistance Bearish 0.68%
Oct 17 Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.68%

Older signals for ABC ...

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Basic chart:

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.
Is ABC a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 2 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicator Value
52 Week High 97.3976
52 Week Low 67.1773
Average Volume 1,624,919
200-Day Moving Average 86.3197
50-Day Moving Average 80.4965
20-Day Moving Average 81.0995
10-Day Moving Average 80.25
Average True Range 2.035
ADX 20.32
+DI 17.66
-DI 26.08
Chandelier Exit (Long, 3 ATRs ) 79.185
Chandelier Exit (Short, 3 ATRs ) 83.875
Upper Bollinger Band 84.1187
Lower Bollinger Band 78.0803
Percent B (%b) 0.4
BandWidth 7.445669
MACD Line -0.4989
MACD Signal Line -0.3659
MACD Histogram -0.1329
Fundamentals Value
Market Cap 17.63 Billion
Num Shares 219 Million
EPS 3.84
Price-to-Earnings (P/E) Ratio 20.96
Price-to-Sales 0.12
Price-to-Book 7.22
PEG Ratio 1.74
Dividend 1.46
Dividend Yield 1.81%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 82.79
Resistance 3 (R3) 82.92 82.29 82.40
Resistance 2 (R2) 82.29 81.71 82.22 82.27
Resistance 1 (R1) 81.39 81.34 81.84 81.26 82.15
Pivot Point 80.76 80.76 80.99 80.69 80.76
Support 1 (S1) 79.86 80.18 80.31 79.73 78.83
Support 2 (S2) 79.23 79.81 79.16 78.71
Support 3 (S3) 78.33 79.23 78.58
Support 4 (S4) 78.20