ABX

ABX remains in Stage 3 distribution after a decisive Support Failure, with price below declining short-term EMAs and no clear oversold exhaustion. Medium-term bias is bearish, allowing sell-side execution, and short-term momentum supports immediate selling, especially on any relief rallies into the 9- or 21-EMA zones.

• ↑Earnings yield ~0.45 indicates undervaluation relative to cash flow
• ↑P/E of 9.9x below 5-year median underscores deep value
• ↓Negative profitability factors highlight weak margins