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Abercrombie & Fitch Company Stock Forecast NYSE:ANF

$38.05 (-3.06%)

Volume: 2M

Closed: Nov 26, 2021

Hollow Logo Score: -4.406

Abercrombie & Fitch Company Stock Forecast

$38.05 (-3.06%)

Volume: 2M

Closed: Nov 26, 2021

Score Hollow Logo -4.406
Which way will ANF go? Request
Key Stats
P/E Ratio 8.18
Beta 1.35
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 31 and the stock is currently not being overbought or oversold

Abercrombie & Fitch Company stock upgraded from Strong Sell Candidate to Sell Candidate after Friday trading session.
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-23 Loss -7.47%

The Abercrombie & Fitch Company stock price fell by -3.06% on the last day (Friday, 26th Nov 2021) from $39.25 to $38.05. and has now fallen 4 days in a row. During the day the stock fluctuated 4.10% from a day low at $37.08 to a day high of $38.60. The price has been going up and down for this period, and there has been a -16% 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 -1 million shares and in total, 2 million shares were bought and sold for approximately $71.28 million.

Given the current short-term trend, the stock is expected to rise 26.44% during the next 3 months and, with a 90% probability hold a price between $48.11 and $61.52 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Abercrombie & Fitch Company 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 $43.40 and $41.88. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, November 18, 2021, and so far it has fallen -20.48%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

Abercrombie & Fitch Company finds support from accumulated volume at $37.63 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 $1.52 between high and low, or 4.10%. For the last week, the stock has had a daily average volatility of 5.61%.

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

Is Abercrombie & Fitch Company stock A Buy?

The Abercrombie & Fitch Company stock holds several negative signals and despite the positive trend, we believe Abercrombie & Fitch Company will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.406

Predicted Opening Price for Abercrombie & Fitch Company 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
$37.91 $38.05 (Overvalued)
Sell Candidate Upgraded

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Analyst Ratings

On Nov 24, 2021 "Jefferies Financial Group" gave "" rating for ANF. The price target was changed from $39.12 to 4.9%.

Volatility and Risk
Daily Average Volatility: 5.61 %
Overall Risk: Very High High Medium Low Very Low
Volatility
5.61 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $39.25
Price: $38.05
Support: $37.63

ANF Insider Trading Show all Trades

INSIDER POWER

0.806

Last 100 transactions
Buy: 600 127 | Sell: 744 162 (Shares)
Date Action Amount Person Type
Nov 19, 2021 Sell 2 335 Henchel Gregory J Restricted Stock Unit
Nov 19, 2021 Sell 1 048 Henchel Gregory J Class A Common Stock
Nov 19, 2021 Buy 2 335 Henchel Gregory J Class A Common Stock
Nov 03, 2021 Sell 5 791 Scott Kristin A. Class A Common Stock
Nov 01, 2021 Buy 186 Anderson Kerrii B Phantom Stock
Show all Insider Trades
INSIDER POWER

0.806

Last 100 transactions
Buy: 600 127 | Sell: 744 162 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 39.43 3.63 %
38.85 2.10 %
38.49 1.16 %
Current price: 38.05
Support 37.33 -1.89 %
36.97 -2.84 %
36.39 -4.36 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 46.27 21.60 %
41.12 8.07 %
39.25 3.15 %
Current price 38.05
Support 37.63 -1.10%
37.26 -2.08%
36.52 -4.02%

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About Abercrombie & Fitch Company

Abercrombie & Fitch Company Abercrombie & Fitch Co., through its subsidiaries, operates as a specialty retailer of casual apparel. The company sells knit and woven shirts, graphic T-shirts, fleece, jeans and woven pants, shorts, sweaters, and outerwear; personal care products; and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, and Hollister brand names. As of March 2, 2016, it operated through 754 stores in the United States; and 178 s... Read more

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