Technical Analysis for ABF - Associated British Foods Plc

Grade Last Price % Change Price Change
A 2428.00 0.12% 3.00
ABF closed up 0.87 percent on Wednesday, December 6, 2023, on 82 percent of normal volume. The bulls were able to push the stock to a new 52-week high. 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 EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Very Strong Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.12%
Bollinger Band Squeeze Range Contraction 0.12%
New 52 Week High Strength 0.12%
BB Squeeze + Upper Band Touch Range Contraction 0.12%
Above Upper BB Strength 0.12%
Gapped Up Strength 0.12%
Overbought Stochastic Strength 0.12%
Up 3 Days in a Row Strength 0.12%
Up 4 Days in a Row Strength 0.12%
Upper Bollinger Band Touch Strength 0.12%

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

Alert Time
Gap Down Closed about 4 hours ago
Reversed from Down about 4 hours ago
Gap Down Partially Closed about 4 hours ago
Fell Below Upper Bollinger Band about 5 hours ago
Gapped Down (Partial) about 5 hours ago

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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.


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

Is ABF a Buy, Sell or Hold?

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


Indicator Value
52 Week High 2430.0
52 Week Low 1539.3802
Average Volume 799,767
200-Day Moving Average 2022.27
50-Day Moving Average 2158.29
20-Day Moving Average 2368.75
10-Day Moving Average 2386.70
Average True Range 35.35
RSI (14) 78.07
ADX 54.56
+DI 35.73
-DI 9.08
Chandelier Exit (Long, 3 ATRs) 2323.95
Chandelier Exit (Short, 3 ATRs) 2282.86
Upper Bollinger Bands 2416.43
Lower Bollinger Band 2321.07
Percent B (%b) 1.09
BandWidth 4.03
MACD Line 69.07
MACD Signal Line 76.27
MACD Histogram -7.191
Fundamentals Value
Market Cap 19.2 Billion
Num Shares 792 Million
EPS 57.60
Price-to-Earnings (P/E) Ratio 42.10
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) 2458.80
Resistance 3 (R3) 2456.71 2443.35 2453.16
Resistance 2 (R2) 2443.35 2434.75 2444.40 2451.28
Resistance 1 (R1) 2434.18 2429.43 2438.77 2436.27 2449.41
Pivot Point 2420.82 2420.82 2423.12 2421.87 2420.82
Support 1 (S1) 2411.65 2412.22 2416.24 2413.74 2400.59
Support 2 (S2) 2398.29 2406.90 2399.34 2398.72
Support 3 (S3) 2389.12 2398.29 2396.84
Support 4 (S4) 2391.21