50% off all subscriptions! ... left. Order NowOrder Now

Weaker Stock
Today ABCM ranks #10622 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

Abcam plc Stock Forecast NASDAQ:ABCM

$22.45 (-0.75%)

Volume: 26k

Closed: Nov 26, 2021

Hollow Logo Score: -3.266

Abcam plc Stock Forecast

$22.45 (-0.75%)

Volume: 26k

Closed: Nov 26, 2021

Score Hollow Logo -3.266
Which way will ABCM go? Request

ABCM Stock Risk

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.36 between high and low, or 1.62%. For the last week the stock has had a daily average volatility of 2.08%

Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 30 - 75 ] RSI14 is 43 and the stock is currently not being overbought or oversold

Evaluation of Abcam plc stock downgraded after the last trading session.
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-26

The Abcam plc stock price fell by -0.75% on the last day (Friday, 26th Nov 2021) from $22.62 to $22.45. During the day the stock fluctuated 1.62% from a day low at $22.28 to a day high of $22.64. The price has been going up and down for this period, and there has been a -1.97% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -261 thousand shares and in total, 26 thousand shares were bought and sold for approximately $587.90 thousand.

The stock lies in the middle of a wide and 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 13.6% during the next 3 months and, with a 90% probability hold a price between $24.64 and $27.17 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Abcam plc stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $22.64 and $22.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, November 08, 2021, and so far it has fallen -3.77%. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss

Abcam plc finds support from accumulated volume at $22.30 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.36 between high and low, or 1.62%. For the last week the stock has had a daily average volatility of 2.08%

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Abcam plc stock A Buy?

The Abcam plc stock holds several negative signals and despite the positive trend, we believe Abcam plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -3.266

Predicted Opening Price for Abcam plc of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$22.46 $22.45 (Undervalued)
Sell Candidate Downgraded

Remember To Visit Our YouTube Channel

Analyst Ratings

On Oct 15, 2021 "Peel Hunt" gave "" rating for ABCM. The price target was set to $21.07+1.6%.

Volatility and Risk
Daily Average Volatility: 2.08 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.08 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $22.62
Price: $22.45
Support: $22.30

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 22.82 1.63 %
22.68 1.02 %
22.59 0.64 %
Current price: 22.45
Support 22.32 -0.58 %
22.23 -0.96 %
22.10 -1.57 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 23.33 3.92 %
23.21 3.39 %
22.62 0.76 %
Current price 22.45
Support 22.30 -0.67%
20.94 -6.73%
20.88 -6.99%

Click to get the best stock tips daily for free!

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!

Get access to Golden Star list now!

StockInvest.usJoin 100 000+ Happy Subscribers

Don't miss out on the runners!

Get The StockInvest.Us Newsletter

StockInvest.usStock Podcast

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT