Help us make better tools for you!. Read more (Published: 2017-01-12)

ABAX - ABAXIS Tue 24'th Jan 2017

Add to Watchlist

Sell Candidate

Score: -1.99

#4460 of 5186
Trend:
MV Long:
MV Short:
Pivot:
Volume:
MACD:
Accuracy: 80.00%
Risk: Medium
Request Prediction
We need your help. Please answer this short survey to help us improve by clicking HERE.

Stock analysis for Tue 24'th Jan 2017 (Updated daily)

Sell candidate since 2017-01-23

Loss -0.85%

ABAXIS Stock Analysis


ABAXIS fell by -0.85% in the last day, from USD 48.26 to USD 47.85. , and has now fallen 3 day in a row The price has fallen in 7 of the last 10 days and is down by -13.03% for this period. Volume increased in the last day by 28 735 shares, but on falling prices. This is may be an early warning and risk is increased slightly for the next couple of days. In total, 165 330 shares bought and sold for approximately USD 7.91 million.

Trend

ABAXIS lies in the lower part of a wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at USD 47.75 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.9% during the next 3 months and, with 90% probability hold a price between USD 49.62 and USD 58.15 at the end of this period.

Signals

There are few to none technical positive signals at the moment. ABAXIS holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 USD 48.40 and USD 51.71. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday January 09, 2017, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Relative Strength Index (RSI)

RSI14 is 30 and the stock is currently not being overbought or oversold

Support & Resistance

ABAXIS finds support from accumulated volume at USD 47.13, USD 47.04, and USD 46.40. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 48.48, USD 48.59 and USD 50.22.

The stock is about to test the resistance from accumulated volume at USD 48.48 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved USD 0.96 between high and low, or 2.03%. For the last week, the stock has had a daily average volatility of 2.19%.

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

Evaluation

The stockstock holds several negative signals and despite the positive trend we believe ABAXIS to perform weak in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Sell Candidate


Want to be one step ahead of others?

Subscribe Now!

Click for pro features list

Want to be one step ahead of others?

Subscribe Now!

Click for pro features list

Chart Explanation

Build Your Watchlist

Add ABAX My Watchlist

Weekly Trading Secrets

Recommenended
book of the week

5186
Companies analyzed today