ABIVAX Société Anonyme Stock Forecast

ABIVAX Société Anonyme stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on May 24, 2024)

ABVX.PA Signals & Forecast

There are few to no technical positive signals at the moment. The ABIVAX Société Anonyme stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 12.93€ and 13.85€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -17.26%. 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). ABIVAX Société Anonyme gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for ABIVAX Société Anonyme stock

ABIVAX Société Anonyme finds support from accumulated volume at 12.42€ 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 0.240€ between high and low, or 1.92%. For the last week, the stock has had daily average volatility of 3.60%.

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

Trading Expectations (ABVX.PA) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect ABIVAX Société Anonyme to open at 12.61€, and during the day (based on 14 day Average True Range), to move between 12.10€ and 13.02€, which gives a possible trading interval of +/-0.462€ (+/-3.68%) up or down from last closing price. If ABIVAX Société Anonyme takes out the full calculated possible swing range there will be an estimated 7.36% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 12.42€ (1.11%) than the resistance at 13.50€ (7.48%), 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?

The ABIVAX Société Anonyme stock holds several negative signals and despite the positive trend, we believe ABIVAX Société Anonyme 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 Hold/Accumulate to a Sell candidate.

Current score: -1.568 Sell Candidate Downgraded

Predicted Opening Price for ABIVAX Société Anonyme of Monday, May 27, 2024

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