ABC Forecast and Technical Stock Analysis
Sell candidate since 2019-09-12 Loss -1.44% PDF
AmerisourceBergen Corporation (Holding Co) fell by -1.44% in the last day ( Friday, 13th Sep 2019 ) from $84.64 to $83.42 and has now fallen 3 days in a row. During the day the stock fluctuated 4.06% from a day low at $82.95 to a day high of $86.32. The price has risen in 7 of the last 10 days and is up by 1.84% over the past 2 weeks. Volume has increased in the last day by 0.14 million shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.26 million shares bought and sold for approximately $105.29 million.
- 30 day high of the ABC stock price was $88.97 and low was $80.41.
- 90 day high was $94.75 and low was $80.41.
- 52 week high for AmerisourceBergen Corporation (Holding Co) - $94.85 and low - $69.36.
AmerisourceBergen Corporation (Holding Co) is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect AmerisourceBergen Corporation (Holding Co) with a 90% probability to be traded between $79.73 and $89.92 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
There are few to none technical positive signals at the moment. AmerisourceBergen Corporation (Holding Co) 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 $85.89 and $86.11. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday September 11, 2019, 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)
RSImin/max Values: [ 25 - 80 ]
RSI14 is 50 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
AmerisourceBergen Corporation (Holding Co) finds support from accumulated volume at $81.91.
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 $3.37 (4.06%) between high and low. For the last week, the stock has had daily average volatility of 3.37%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
3.37 %Average volatility
Very Low Low Medium High Very High
AmerisourceBergen Corporation (Holding Co) holds several negative signals and is within a 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.
|ABC $83.42 ($-1.22 -1.44%)|
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