Technical Analysis for ABC - AmerisourceBergen Corporation (Holding Co)

Grade Last Price % Change Price Change
D 157.85 0.68% 1.06
ABC closed up 0.68 percent on Wednesday, February 8, 2023, on 70 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. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down

Date Alert Name Type % Chg
Slingshot Bearish Bearish Swing Setup 0.00%
NR7 Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Lower Bollinger Band Walk Weakness 0.68%
Lower Bollinger Band Touch Weakness 0.68%
Oversold Stochastic Weakness 0.68%
Lower Bollinger Band Walk Weakness 2.17%
Below Lower BB Weakness 2.17%
Down 3 Days in a Row Weakness 2.17%

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Possible NR7 about 12 hours ago
Up 1% about 15 hours ago
Rose Above Previous Day's High about 16 hours ago
Up 1% 1 day ago
60 Minute Opening Range Breakout 1 day ago

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Profile

AmerisourceBergen Corporation (Holding Co) Description

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.


Classification

Sector: Healthcare
Industry: Medical Distribution
Keywords: S&P 500 Biotechnology Disease Pharmacy Clinic Healthcare Providers Healthcare Service Inventory Management Healthcare Products Acute Care Hospitals Health Systems Supply Management Packaging Solutions Pharmaceutical Manufacturers Generic Pharmaceutical Third Party Logistics Generic Pharmaceuticals Retail Pharmacies Blood Products Pharmaceutical Services Pharmacy Automation Specialty Drugs In The United States

Is ABC a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 174.63
52 Week Low 134.7
Average Volume 1,429,488
200-Day Moving Average 152.21
50-Day Moving Average 165.39
20-Day Moving Average 162.11
10-Day Moving Average 160.87
Average True Range 3.29
RSI 40.83
ADX 18.05
+DI 16.78
-DI 31.56
Chandelier Exit (Long, 3 ATRs) 159.29
Chandelier Exit (Short, 3 ATRs) 162.89
Upper Bollinger Bands 169.16
Lower Bollinger Band 155.06
Percent B (%b) 0.2
BandWidth 8.69
MACD Line -1.99
MACD Signal Line -1.22
MACD Histogram -0.7756
Fundamentals Value
Market Cap 32.24 Billion
Num Shares 204 Million
EPS 7.53
Price-to-Earnings (P/E) Ratio 20.96
Price-to-Sales 0.11
Price-to-Book 5.58
PEG Ratio 3.39
Dividend 1.76
Dividend Yield 1.11%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 161.90
Resistance 3 (R3) 161.66 160.08 161.23
Resistance 2 (R2) 160.08 159.05 160.20 161.00
Resistance 1 (R1) 158.96 158.41 159.52 159.20 160.77
Pivot Point 157.38 157.38 157.66 157.50 157.38
Support 1 (S1) 156.26 156.35 156.82 156.50 154.93
Support 2 (S2) 154.68 155.71 154.80 154.70
Support 3 (S3) 153.56 154.68 154.48
Support 4 (S4) 153.80