ABIVAX Société Anonyme Stock Forecast
A very red day for ABIVAX Société Anonyme stock price after a -8.07% fall in the Friday trading session
(Updated on Jun 14, 2024)
The ABIVAX Société Anonyme stock price fell by -8.07% on the last day (Friday, 14th Jun 2024) from 12.88€ to 11.84€. During the last trading day the stock fluctuated 7.98% from a day low at 11.78€ to a day high of 12.72€. The price has risen in 6 of the last 10 days but is still down by -5.88% for this period. Volume has increased on the last day by 8 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 31 thousand shares were bought and sold for approximately 362.08€ thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 11.35€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.96% during the next 3 months and, with a 90% probability hold a price between 10.45€ and 13.29€ at the end of this 3-month period.
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ABVX.PA Signals & Forecast
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. 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 12.79€ and 13.14€. 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 -22.00%. Further fall is indicated until a new bottom pivot has been found. 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
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.94€ (7.98%) between high and low. For the last week, the stock has had daily average volatility of 4.02%.
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 17th
For the upcoming trading day on Monday, 17th we expect ABIVAX Société Anonyme to open at 12.11€, and during the day (based on 14 day Average True Range), to move between 11.39€ and 12.29€, which gives a possible trading interval of +/-0.454€ (+/-3.84%) up or down from last closing price. If ABIVAX Société Anonyme takes out the full calculated possible swing range there will be an estimated 7.67% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 13.60€, some 1.76€ (14.86%) from the current price of 11.84€, our system finds the risk reward not very attractive.
Is ABIVAX Société Anonyme stock A Buy?
ABIVAX Société Anonyme holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.229 Sell Candidate Unchanged
Predicted Opening Price for ABIVAX Société Anonyme of Monday, June 17, 2024
Fair opening price June 17, 2024 | Current price |
---|---|
12.11€ ( 2.31%) | 11.84€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ABVX.PA
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 13.05 | 10.25% |
R2 | 12.69 | 7.21% |
R1 | 12.47 | 5.34% |
Price | 11.84 | |
S1 | 11.75 | -0.724% |
S2 | 11.53 | -2.60% |
S3 | 11.17 | -5.63% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 14.76 | 24.66% |
R2 | 13.82 | 16.72% |
R1 | 13.60 | 14.86% |
Price | 11.84 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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