ABB (ABB.ST)

Close: 618.60 (+7.60), Nov 21, 2024
Commentaries
chart ABB (ABB) Medium term

Automatic technical analysis of the stock, based on last closing price. The chart may have changed since the analyst's recommendation was written.

Low risk

Liquidity risk: LowVolatility risk: Low

Analyst's Recommendation

Jul 19, 2024 (126 days ago)
Lars-Göran Westerberg
lars.goran.westerberg@investtech.com

Recommendation one to six months: Weak Negative

Lars-Göran Westerberg, Jul 19, 2024 (price 578.00)

Svensk-Schweiziska ABB som levererar elektrisk utrustning och automationsprodukter, offentliggjorde resultatet för Q2-24 under torsdagen. Marknadens mottagande blev svalt och aktien handlades ned 5,2 procent. I och med detta har den långa stigande trendkanalen brutits på nedsidan. Detta är isolerat sett ingen säljsignal utan indikerar i första hand en svagare stigningstakt framöver, alternativt början på en mer horisontell utveckling. Aktien har dock - om än nätt och jämnt, brutit stödnivån vid 582 kronor. Nedöver finns även stöd runt 558 kronor. Etablerat brott genom dessa nivåer utlöser säljsignal med möjlig stor nedsida. Detta då nästa stöd återfinns först vid 492 kronor.
ABB är neutral på insiderhandel i Investtechs insideranalys och samlat sett tekniskt svagt negativ på medellång sikt. Närheten till 582 kronor som numer är motstånd, gör att den tekniska bilden - och med det rekommendationen för aktien, kan svänga fort vid vändning upp.
Recommendation one to six months: Weak Negative

Published: Morning Report (Jul 19, 2024 00:11) [LGW]

 

The analysis is written by Investtech's analyst on the given date based on the price charts of this date. The analysis is meant to be valid for a few weeks, up to a few months. Later price developments may indicate changes in the market and investor optimism, and render the analysis outdated. Investtech's automatic analyses, updated daily, will often reflect such changes.


Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-0.90%208.69+1.24%
5 days-24.402.93%344.68-0.16%
22 days-3.157.94%392.75+3.48%
66 days0.9717.31%324.17+8.00%

Previous recommendations

Espen Grønstad, Apr 25, 2024 (price 532.00)

ABB is in a rising trend channel in the medium long term. This shows that investors over time have bought the stock at higher prices and indicates good development for the company. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 493 kronor. Positive volume balance indicates that buyers are aggressive while sellers are passive, and strengthens the stock. The stock is overall assessed as technically positive for the medium long term.

Recommendation one to six months: Positive
Published: Nordic Top 10 (Apr 25, 2024 08:39) [EG]

Lars-Göran Westerberg, Apr 19, 2024 (price 532.00)

Ny köpsignal efter rapport
ABB presenterade resultatet för Q1-24 den 18 april. Marknaden reagerade positivt på denna och handlade upp aktien sex procent. Detta gjorde att den tidigare toppnoteringen runt 504 kronor bröts vilket utlöste ny köpsignal. Den underliggande tekniska bilden är positiv med en homogen, stigande trend på medellång sikt vilken bekräftas av en stark volymbalans. Ett nytt alltime-high gör att motstånd ovanför dagens kurs saknas. Detta stärker utsikterna för vidare press uppåt enligt Investtechs forskning. 494 kronor är stöd vid reaktion ned.
ABB är svagt negativ på insiderhandel och samlat sett tekniskt positiv på medellång sikt.

Recommendation one to six months: Positive
Published: Morning Report (Apr 19, 2024 08:23), Today´s Case (Apr 19, 2024 08:23) [LGW]

Analysts' recommendations last 18 months

chart Analysts' recommendations last 18 months
 Positive/Weak Positive
 Neutral
 Negative/Weak Negative
History of Investtech's analysts' analyses of the stock. Analyses are shown by coloured dots on the day the analysis was based on.
EvaluationTime horizonPricePublishedAnalyst
Weak NegativeMedium term578.00       Jul 19, 2024 00:11, Morning ReportLGW
PositiveMedium term532.00       Apr 25, 2024 08:39, Nordic Top 10EG
PositiveMedium term532.00       Apr 19, 2024 08:23, Morning Report, Today´s CaseLGW
PositiveMedium term490.10       Mar 13, 2024 22:43, Morning Report, Today´s CaseLGW
PositiveMedium term441.40       Dec 14, 2023 08:41, Nordic Top 10EG
PositiveMedium term421.60       Dec 7, 2023 22:52, Morning Report, Today´s CaseLGW
PositiveMedium term418.20       Aug 15, 2023 07:32, Morning ReportDO

DO: David Östblad (Analyst)

EG: Espen Grønstad (Senior Advisor)

LGW: Lars-Göran Westerberg (Analyst)

 


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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