Abivax Société Anonyme Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Monday for Abivax Société Anonyme
(Updated on Jun 24, 2024)
No changes to the price of Abivax Société Anonyme stock on the last trading day (Monday, 24th Jun 2024). During the last trading day the stock fluctuated 0.464% from a day low at 12.94€ to a day high of 13.00€. The price has fallen in 5 of the last 10 days but is still up by 0.15% over the past 2 weeks.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.38% during the next 3 months and, with a 90% probability hold a price between 10.63€ and 12.62€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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0RA9.L Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Abivax Société Anonyme stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 13.06€. On a fall, the stock will find some support from the short-term average at 12.61€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -1.10%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Abivax Société Anonyme stock
Abivax Société Anonyme finds support from accumulated volume at 12.55€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.0600€ between high and low, or 0.464%. For the last week, the stock has had daily average volatility of 0.616%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0RA9.L) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Abivax Société Anonyme to open at 12.97€, and during the day (based on 14 day Average True Range), to move between 12.65€ and 13.31€, which gives a possible trading interval of +/-0.331€ (+/-2.55%) up or down from last closing price. If Abivax Société Anonyme takes out the full calculated possible swing range there will be an estimated 5.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 12.55€ (3.30%) than the resistance at 13.47€ (3.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Abivax Société Anonyme stock A Buy?
Abivax Société Anonyme holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.501 Sell Candidate Unchanged
Predicted Opening Price for Abivax Société Anonyme of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| 12.97€ ( 0.0514%) | 12.98€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0RA9.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.03 | 0.411% |
| R2 | 13.01 | 0.234% |
| R1 | 13.00 | 0.125% |
| Price | 12.98 | |
| S1 | 12.95 | -0.228% |
| S2 | 12.94 | -0.337% |
| S3 | 12.91 | -0.514% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.16 | 9.09% |
| R2 | 13.78 | 6.16% |
| R1 | 13.47 | 3.78% |
| Price | 12.98 | |
| S1 | 12.55 | -3.30% |
| S2 | 12.06 | -7.11% |
| S3 | 12.00 | -7.52% |
FAQ
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