Technical Analysis for ABC - AmerisourceBergen Corporation (Holding Co)

Grade Last Price % Change Price Change
grade B 86.77 0.08% 0.07
ABC closed up 0.08 percent on Monday, December 11, 2017, on 64 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent Alerts
ADX Long-Term Intermediate-Term Short-Term
Strong Up Up Up
See historical ABC trend table...

Date Alert Name Type % Chg
Dec 11 Spinning Top Other 0.00%
Dec 11 NR7 Range Contraction 0.00%
Dec 11 Wide Bands Range Expansion 0.00%
Dec 11 Overbought Stochastic Strength 0.00%
Dec 8 200 DMA Support Bullish 0.08%
Dec 8 Wide Bands Range Expansion 0.08%
Dec 8 Overbought Stochastic Strength 0.08%
Dec 7 NR7 Range Contraction 0.98%
Dec 7 NR7-2 Range Contraction 0.98%
Dec 7 Wide Bands Range Expansion 0.98%

Older signals for ABC ...

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Basic chart:

Profile
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: 4 bullish, 0 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 97.3976
52 Week Low 71.9
Average Volume 2,084,671
200-Day Moving Average 85.1516
50-Day Moving Average 80.323
20-Day Moving Average 82.2005
10-Day Moving Average 85.583
Average True Range 2.2488
ADX 26.08
+DI 28.78
-DI 16.14
Chandelier Exit (Long, 3 ATRs ) 81.4536
Chandelier Exit (Short, 3 ATRs ) 80.7964
Upper Bollinger Band 89.8487
Lower Bollinger Band 74.5523
Percent B (%b) 0.8
BandWidth 18.608646
MACD Line 2.2319
MACD Signal Line 1.72
MACD Histogram 0.5119
Fundamentals Value
Market Cap 19.02 Billion
Num Shares 219 Million
EPS 3.84
Price-to-Earnings (P/E) Ratio 22.60
Price-to-Sales 0.11
Price-to-Book 6.76
PEG Ratio 1.63
Dividend 1.46
Dividend Yield 1.68%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 88.59
Resistance 3 (R3) 88.63 88.06 88.28
Resistance 2 (R2) 88.06 87.60 88.04 88.18
Resistance 1 (R1) 87.42 87.32 87.14 87.38 88.08
Pivot Point 86.85 86.85 86.71 86.83 86.85
Support 1 (S1) 86.21 86.39 85.93 86.17 85.46
Support 2 (S2) 85.64 86.11 85.62 85.36
Support 3 (S3) 85.00 85.64 85.26
Support 4 (S4) 84.96