ABC Forecast and Technical Stock Analysis
Buy candidate since 2020-01-17 PDF
AmerisourceBergen Corporation (Holding Co) fell by -0.44% in the last day ( Friday, 17th Jan 2020 ) from $91.46 to $91.06 During the day the stock fluctuated 1.29% from a day low at $90.41 to a day high of $91.58. The price has risen in 7 of the last 10 days and is up by 8.39% over the past 2 weeks. Volume has increased in the last day by 0.25 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, 1.46 million shares bought and sold for approximately $132.54 million.
- 30 day high of the ABC stock price was $91.90 and low was $82.57.
- 90 day high was $91.90 and low was $82.10.
- 52 week high for AmerisourceBergen Corporation (Holding Co) - $94.75 and low - $70.55.
AmerisourceBergen Corporation (Holding Co) is at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $91.46 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend, you can expect AmerisourceBergen Corporation (Holding Co) with a 90% probability to be traded between $83.01 and $91.35 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.
AmerisourceBergen Corporation (Holding Co) holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $88.94 and $86.47. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday January 16, 2020, 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 71 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 $86.66.
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 $1.17 (1.29%) between high and low. For the last week, the stock has had daily average volatility of 2.32%.
Our recommended stop-loss: $88.28 (-3.05%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 day(s) ago.)
2.32 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for this stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate candidate.
|ABC $91.06 ($-0.40 -0.44%)|
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