Abcam PLC Forecast and Stock Analysis
Technical ABCZF stock analysis for February 15, 2019.
No changes to the price of Abcam PLC in the last trading day. The price has fallen in 5 of the last 10 days , but is still up by 1.66% over the past 2 weeks.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the ABCZF stock was $17.18.
During day the stock fluctuated 0.00% from a day low at $17.18 to a day high of $17.18.
30 day high of the ABCZF stock price was $17.85 and low was $15.50.
90 day high was $17.85 and low was $12.68.
52 week high for the Abcam PLC - $20.11 and low - $12.68.
Abcam PLC lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 23.87% during the next 3 months and, with 90% probability hold a price between $18.91 and $22.73 at the end of this period.
Abcam PLC 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 $17.01 and $15.98. A break down below any of these levels will issue sell signals. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closly at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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 Wednesday February 13, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 62 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $15.52 and $15.38.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Abcam PLC finds support just below today's level at $15.52. If this is broken, then the next support from accumulated volume will be at $15.38 and $14.92.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.00 (0.00%) between high and low. For the last week, the stock has had a daily average volatility of 1.53%.
Our recommended stoploss: $16.44 (-4.31%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 2 days ago.)
Very Low Low Medium High Very High
Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, 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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.