Technical Analysis for ABF - Associated British Foods Plc

Grade Last Price % Change Price Change
A 1931.50 -0.87% -17.00
ABF closed down 0.87 percent on Friday, February 3, 2023, on 64 percent of normal volume. 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.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Jack-in-the-Box Bullish Bullish Swing Setup 0.00%
Inside Day Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
MACD Bullish Signal Line Cross Bullish -0.87%
Expansion Breakout Bullish Swing Setup -0.87%
Wide Range Bar Range Expansion -0.87%
Above Upper BB Strength -0.87%
Overbought Stochastic Strength -0.87%
Upper Bollinger Band Touch Strength -0.87%

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Profile

Associated British Foods Plc Description

Associated British Foods plc is an international food, ingredients and retail company. The Company's segments include grocery, sugar, agriculture, ingredients and retail. Its geographical segments include the United Kingdom, Europe and Africa, the Americas and Asia Pacific. The grocery segment manufactures grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, herbs and spices, and meat products, which are sold to retail, wholesale and foodservice businesses. The sugar segment is engaged in growing and processing of sugar beet and sugar cane for sale to industrial users. The agriculture segment manufactures animal feeds and the provision of other products and services for the agriculture sector. The ingredients segment manufactures bakers yeast, bakery ingredients and enzymes, among others. The retail segment buys and merchandises value clothing and accessories through the Primark and Penneys retail chains.


Classification

Sector: Consumer Defensive
Industry: Packaged Foods
Keywords: Oil Food E Retail Culture Rowing Food And Drink Agriculture Beverage Foods Clothing Cloth Oils Meat Ingredient Baker Grocery Store Animal Feed Bakery Bread Merchandise Enzymes Spice Grocery Products Meat Products Retail Chain Retail Chains Vegetable Oil

Is ABF 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 1964.0
52 Week Low 1223.0
Average Volume 982,065
200-Day Moving Average 1572.50
50-Day Moving Average 1703.20
20-Day Moving Average 1836.80
10-Day Moving Average 1871.80
Average True Range 34.36
RSI 72.22
ADX 47.8
+DI 39.83
-DI 8.38
Chandelier Exit (Long, 3 ATRs) 1845.42
Chandelier Exit (Short, 3 ATRs) 1783.08
Upper Bollinger Bands 1936.22
Lower Bollinger Band 1737.38
Percent B (%b) 0.98
BandWidth 10.83
MACD Line 63.55
MACD Signal Line 61.26
MACD Histogram 2.2921
Fundamentals Value
Market Cap 15.29 Billion
Num Shares 792 Million
EPS 57.60
Price-to-Earnings (P/E) Ratio 33.53
Price-to-Sales 1.23
Price-to-Book 1.84
PEG Ratio 3.09
Dividend 0.46
Dividend Yield 0.02%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1973.88
Resistance 3 (R3) 1974.00 1960.00 1966.81
Resistance 2 (R2) 1960.00 1949.21 1959.94 1964.46
Resistance 1 (R1) 1945.75 1942.54 1938.75 1945.63 1962.10
Pivot Point 1931.75 1931.75 1928.25 1931.69 1931.75
Support 1 (S1) 1917.50 1920.96 1910.50 1917.37 1900.90
Support 2 (S2) 1903.50 1914.29 1903.44 1898.54
Support 3 (S3) 1889.25 1903.50 1896.19
Support 4 (S4) 1889.12