
Technical analysis of Associated British Foods plc (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
Associated British Foods plc (ABF.L) is a London-headquartered company, incorporated in 1934, operating in the food, ingredients, and retail businesses worldwide. It runs five segments: Retail (Primark and Penneys chains), Grocery, Ingredients, Sugar, and Agriculture. The company operates as a subsidiary of Wittington Investments Limited.
Description generated automatically from public sources; it may be inaccurate or out of date.
Closing values for September 3, 2026, computed on the last 12 months of prices.
21 sessions
2,057.67 GBp
+0.70%
50 sessions
2,028.37 GBp
+2.15%
200 sessions
1,953.77 GBp
+6.05%
s2
2,022.00
Support
s1
2,031.00
Support
pivot
2,049.00
Pivot
r1
2,058.00
Resistance
r2
2,076.00
Resistance
In the September 3, 2026 session Associated British Foods plc closed higher at 2,072.00 GBp, +1.57% versus the previous session.
The price sits above every moving average observed: +0.70% against the 21-session average, +2.15% against the 50 and +6.05% against the 200.
The 14-period RSI reads 55.3, in neutral territory.
MACD stands at 5.181 against a signal line at 8.191: the histogram is negative (−3.010).
ADX reads 11.5, indicating weak directionality.
Levels computed on the latest session place supports at 2,031.00 and 2,022.00 GBp and resistances at 2,058.00 and 2,076.00 GBp, around a pivot of 2,049.00.
The average daily range (ATR) is 35.045 GBp, or 1.69% of price.
Turnover was 1M shares, 137% of the 20-session average.
Over the last twelve months the price ranged between 1,729.26 and 2,136.00 GBp, and today stands −3.00% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
How is a stock like ABF.L technically analysed?
Technical analysis of ABF.L involves studying historical price charts and trading volumes using tools such as moving averages, support and resistance levels, and oscillators. These tools help identify trends and potential reversal points without reference to company fundamentals.
Which technical indicators are commonly used on a stock like ABF.L?
Commonly used indicators include simple and exponential moving averages (SMA/EMA), MACD, the Relative Strength Index (RSI), and Bollinger Bands. Each provides different insights into momentum, volatility, and the strength of the prevailing trend.
On which timeframes is it useful to observe ABF.L for technical analysis?
Technical analysis can be applied across multiple timeframes: daily and weekly charts are typically used to identify medium- to long-term trends, while 15-minute or 60-minute charts suit shorter-term analysis. The choice of timeframe depends on the analyst's horizon and approach.
Disclaimer. For informational purposes only; not financial advice or a recommendation. Montbon Analytics is not an authorised financial intermediary.
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