ABB Ltd Stock Forecast
ABB Ltd stock price ended at 51.16 Fr on Tuesday, after gaining 1.67%.
(Updated on Jun 18, 2024)
The ABB Ltd stock price gained 1.67% on the last trading day (Tuesday, 18th Jun 2024), rising from 50.32 Fr to 51.16 Fr. During the last trading day the stock fluctuated 1.11% from a day low at 50.60 Fr to a day high of 51.16 Fr. The price has been going up and down for this period, and there has been a 4.13% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 544 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately 125.00 Fr million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 26.42% during the next 3 months and, with a 90% probability hold a price between 62.06 Fr and 66.05 Fr at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ABBN.SW Signals & Forecast
The ABB Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 50.57 Fr and 48.44 Fr. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -0.699%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for ABB Ltd stock
ABB Ltd finds support from accumulated volume at 49.40 Fr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.560 Fr between high and low, or 1.11%. For the last week the stock has had daily average volatility of 1.92%.
Our recommended stop-loss: 49.23 Fr (-3.77%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (ABBN.SW) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect ABB Ltd to open at 50.97 Fr, and during the day (based on 14 day Average True Range), to move between 50.30 Fr and 52.02 Fr, which gives a possible trading interval of +/-0.86 Fr (+/-1.67%) up or down from last closing price. If ABB Ltd takes out the full calculated possible swing range there will be an estimated 3.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 51.52 Fr (0.70%) than the support at 49.40 Fr (3.44%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is ABB Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ABB Ltd stock to perform well in the short-term.
Current score: 2.696 Buy Candidate Unchanged
Predicted Opening Price for ABB Ltd of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| 50.97 Fr ( 0.365%) | 51.16 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ABBN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 51.53 | 0.730% |
| R2 | 51.32 | 0.312% |
| R1 | 51.19 | 0.0533% |
| Price | 51.16 | |
| S1 | 50.76 | -0.783% |
| S2 | 50.63 | -1.04% |
| S3 | 50.41 | -1.46% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 51.52 | 0.704% |
| Price | 51.16 | |
| S1 | 49.40 | -3.44% |
| S2 | 44.33 | -13.35% |
| S3 | 41.93 | -18.04% |
ABBN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 25, 2024 | Mar 25, 2024 | Mar 27, 2024 | 0.87 Fr | 2.07% |
| 2 | Mar 27, 2023 | Mar 27, 2023 | Mar 29, 2023 | 0.84 Fr | 2.79% |
| 3 | May 09, 2022 | Mar 28, 2022 | May 11, 2022 | 0.82 Fr | 2.89% |
| 4 | Mar 01, 2021 | Mar 29, 2021 | May 14, 2021 | 0.80 Fr | 2.61% |
| 5 | Mar 01, 2021 | Mar 26, 2021 | May 14, 2021 | 0.80 Fr | 2.61% |
FAQ
Click here for our free guide on how to buy ABB Ltd Stock.
