14-day Premium Trial Subscription Try For FreeTry Free
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ABEO
Powered by GPT-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Abeona Therapeutics Inc. stock downgraded to Hold/Accumulate
(Updated on Jun 20, 2024)

Buy or Hold candidate since Jun 12, 2024 Gain 0.44% PDF

The Abeona Therapeutics Inc. stock price fell by -0.441% on the last day (Thursday, 20th Jun 2024) from $4.54 to $4.52. During the last trading day the stock fluctuated 4.90% from a day low at $4.49 to a day high of $4.71. The price has fallen in 6 of the last 10 days. 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 -588 thousand shares and in total, 212 thousand shares were bought and sold for approximately $956.27 thousand.

The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $3.97, a level that may pose a second chance to hit a runner. According to fan-theory $7.35 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

ABEO Signals & Forecast

The Abeona Therapeutics Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $4.53. On a fall, the stock will find some support from the long-term average at approximately $4.38. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, May 06, 2024, and so far it has fallen -5.44%. Further fall is indicated until a new bottom pivot has been found. 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 for Abeona Therapeutics Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $4.14 and $3.44. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Abeona Therapeutics Inc. finds support just below today's level at $4.14. If this is broken, then the next support from accumulated volume will be at $3.44 and $3.41.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.220 between high and low, or 4.90%. For the last week the stock has had daily average volatility of 5.26%.

Our recommended stop-loss: $4.26 (-5.78%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 39 days ago.)

Trading Expectations (ABEO) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Abeona Therapeutics Inc. to open at $4.57, and during the day (based on 14 day Average True Range), to move between $4.21 and $4.83, which gives a possible trading interval of +/-$0.309 (+/-6.84%) up or down from last closing price. If Abeona Therapeutics Inc. takes out the full calculated possible swing range there will be an estimated 13.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $4.60 (1.77%) than the support at $4.14 (8.41%), 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 Abeona Therapeutics Inc. stock A Buy?

Abeona Therapeutics Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.

Current score: 0.218 Hold/Accumulate Downgraded

Predicted Opening Price for Abeona Therapeutics Inc. of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
$4.57 ( 1.18%) $4.52

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

Trading levels for ABEO

Fibonacci Support & Resistance Levels

Level Price
R3 4.79 6.05%
R2 4.71 4.19%
R1 4.66 3.04%
Price 4.52
S1 4.49 -0.679%
S2 4.44 -1.83%
S3 4.35 -3.69%

Accumulated Volume Support & Resistance Levels

Level Price
R3 4.78 5.75%
R2 4.71 4.20%
R1 4.60 1.77%
Price 4.52
S1 4.14 -8.41%
S2 3.44 -23.89%
S3 3.41 -24.56%

ABEO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 31, 2000 Mar 31, 2000 Mar 31, 2000 $3,706.25 8.55%

FAQ

What is the symbol for Abeona Therapeutics Inc. Stock and on which exchange is it traded?
The symbol for Abeona Therapeutics Inc. is ABEO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Abeona Therapeutics Inc. Stock?
Abeona Therapeutics Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.

How to buy Abeona Therapeutics Inc. Stock?
Abeona Therapeutics Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Abeona Therapeutics Inc. Stock.

What's the current price of Abeona Therapeutics Inc. Stock?
As of the end of day on the Jun 20, 2024, the price of an Abeona Therapeutics Inc. (ABEO) share was $4.52.

What is the 52-week high and low for Abeona Therapeutics Inc. Stock?
The 52-week high for Abeona Therapeutics Inc. Stock is $9.01 and the 52-week low is $2.85.

What is the market capitalization of Abeona Therapeutics Inc. Stock?
As of the Jun 20, 2024, the market capitalization of Abeona Therapeutics Inc. is 185.971M.

When is the next earnings date for Abeona Therapeutics Inc.?
The upcoming earnings date for Abeona Therapeutics Inc. is Aug 13, 2024.
Click to get the best stock tips daily for free!

About Abeona Therapeutics Inc.

Abeona Therapeutics. Abeona Therapeutics Inc., a clinical-stage biopharmaceutical company, develops gene and cell therapies for life-threatening rare genetic diseases. Its lead program is EB-101, an autologous, gene-corrected cell therapy that is in Phase III clinical trial for recessive dystrophic epidermolysis bullosa. The company also develops ABO-102, an adeno-associated virus (AAV)-based gene therapy for Sanfilippo syndrome type A; ABO-201 to treat CLN3 disease;... ABEO Profile

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