ABG...... I AM STILL MAINTAINING MY LONGSI was studying the momentum to the upside I am pretty much convinced that the elephant stepped in the pool(liquidity) and the corrective move to the downside it solidifies my long position and I have my heat wave entry instrument I would be looking to take more positions
Next report date
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1.30 EUR
1.09 B EUR
11.25 B EUR
768.68 M
About ABSA GROUP LIMITED
Sector
Industry
CEO
Charles Russon
Website
Headquarters
Johannesburg
Founded
1991
ISIN
ZAE000255915
FIGI
BBG000BPWSX8
Absa Group Ltd. engages in the provision of financial services. It operates through the following segments: Product Solutions Cluster, Everyday Banking Relationship Banking, ARO RBB, CIB, Head Office, Treasury and Other Operations, and Barclay's Separation. The Product Solutions Cluster segment offers product solutions to the retail consumer. The Everyday Banking Relationship Banking segment includes day-to-day banking products and services of banking services to those requiring financial solutions. The ARA RBB segment involves retail, business banking and insurance products and services for individuals, small to medium enterprises and commercial customers. The CIB segment provides solutions to meet clients' needs by delivering specialist investment banking, corporate and transactional banking, financing, risk management, and advisory products and services. The Treasury and Other Operations segment consists of non-banking activities and includes investment income earned by the Group. The Barclay's Separation segment focuses on rebranding, technology, and separation-related projects. The company was founded in 1991 and is headquartered in Johannesburg, South Africa.
Absa showing downside to come to R120 but I am not buying it LOLOk so I am taking this analysis with a pinch of salt.
The JSE Top 40 is showing major upside to come. And yet the Banking sector is showing conflicting signals.
I mean we have an Inv Cup and Handle.
We have a strong downtrend (safety line) - confirmed
We have price<20 and 200MA - Making it a
Absa: The Longer-Term ViewAbsa lost the support that sustained price from the COVID lows, now price is attempting to recover that line. At the same time we are expecting price to seek or confirm a yearly low, usually this happens when we have a failed weekly cycle, this has not happened so far. If price is rejected at re-ent
UPDATE: Absa Target reached at R181.95 what next?Cup and Handle formed on Absa, broke up and out of it.
On 12 June I said it was imminent for a breakout to the upside, but I had NO clue how fast this thing was going to rally.
And it was only a Medium Probability Trade
Price>20
Price<200
Now that the price has shot up, it obviously is silly
Is Absa setting itself for upside to R181.95Cup and Handle seems to be forming on Absa.
There was little supply (selling) which caused a major push up on the bank stock.
Banks have lagged many of the leading markets, and so hopefully they play catch up once the JSE TOp 40 picks up yet again.
RIght now it's in Medium Probability territor
$JSEABG - ABSA: Scratch The Head & Shoulders?See link below for previous analysis.
Bulls have come in aggressively at 13683 cps and price looks impulsive, currently in the third wave.
Price did not sell-off with momentum below the neckline so there is a high probability that the head & shoulders pattern I previously forecasted has been invali
$JSEABG - ABSA: Heavy Resistance + Head & Shoulders = BearishSee link below for previous analysis.
A look at the bigger picture of ABSA shows that the stock has a very strong resistance zone between 20371 to 21100cps.
The stock has tested this zone on three occasions giving what can be viewed as a Triple Top over 7 years.
Interestingly, the bull market from
ABSA showing major downside to come to R76.08Head and Shoulders has formed ont he dail since Early 2022...
The price broke below the neckline and has since then, been showing lower highs within the down channel,
We also have confirmed downside with the Moving Averages.
Price< 20 and <200
It looks bleak but the system is the system, so the
See all ideas
Summarizing what the indicators are suggesting.
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An aggregate view of professional's ratings.
Neutral
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Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
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Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of AU61 is 7.85 EUR — it has increased by 0.64% in the past 24 hours. Watch ABSA GROUP LTD. RC 2 stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on FWB exchange ABSA GROUP LTD. RC 2 stocks are traded under the ticker AU61.
AU61 stock has risen by 9.03% compared to the previous week, the month change is a −16.93% fall, over the last year ABSA GROUP LTD. RC 2 has showed a 14.60% increase.
We've gathered analysts' opinions on ABSA GROUP LTD. RC 2 future price: according to them, AU61 price has a max estimate of 10.66 EUR and a min estimate of 9.10 EUR. Watch AU61 chart and read a more detailed ABSA GROUP LTD. RC 2 stock forecast: see what analysts think of ABSA GROUP LTD. RC 2 and suggest that you do with its stocks.
AU61 reached its all-time high on Mar 30, 2022 with the price of 12.00 EUR, and its all-time low was 3.15 EUR and was reached on Mar 31, 2020. View more price dynamics on AU61 chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
AU61 stock is 0.64% volatile and has beta coefficient of 1.10. Track ABSA GROUP LTD. RC 2 stock price on the chart and check out the list of the most volatile stocks — is ABSA GROUP LTD. RC 2 there?
Today ABSA GROUP LTD. RC 2 has the market capitalization of 6.59 B, it has increased by 8.69% over the last week.
Yes, you can track ABSA GROUP LTD. RC 2 financials in yearly and quarterly reports right on TradingView.
ABSA GROUP LTD. RC 2 is going to release the next earnings report on Aug 18, 2025. Keep track of upcoming events with our Earnings Calendar.
AU61 net income for the last half-year is 594.08 M EUR, while the previous report showed 501.85 M EUR of net income which accounts for 18.38% change. Track more ABSA GROUP LTD. RC 2 financial stats to get the full picture.
ABSA GROUP LTD. RC 2 dividend yield was 7.69% in 2024, and payout ratio reached 56.17%. The year before the numbers were 8.37% and 57.08% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of Apr 20, 2025, the company has 36.78 K employees. See our rating of the largest employees — is ABSA GROUP LTD. RC 2 on this list?
Like other stocks, AU61 shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade ABSA GROUP LTD. RC 2 stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So ABSA GROUP LTD. RC 2 technincal analysis shows the sell today, and its 1 week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating ABSA GROUP LTD. RC 2 stock shows the sell signal. See more of ABSA GROUP LTD. RC 2 technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.