Technical Analysis for ABC - AmerisourceBergen Corporation (Holding Co)

Grade Last Price % Change Price Change
grade C 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

Trend Table & Recent Alerts
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%

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: 1 bullish, 1 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
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