Today ABCZF ranks # as HOLD CANDIDATE.
Today ABCZF ranks # as HOLD CANDIDATE.

ABCZF stock Abcam PLC

ABCZF stock
Abcam PLC

April 25, 2019
Change -0.30%
Chart period: 2019-01-28 - 2019-04-25
VOLUME
Sell
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will ABCZF stock price go up or down on Fri, 26 Apr 2019?

Abcam PLC Forecast and Stock Analysis

Technical ABCZF stock analysis for April 25, 2019.

Hold candidate since 2019-04-25

Abcam PLC fell by -0.30% in the last day from $16.50 to $16.45 The price has fallen in 5 of the last 10 days , but is still up by 6.86% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -314 shares and in total 233 shares bought and sold for approximately $3 832.85.

Close price at the end of the last trading day (Thursday, 25th Apr 2019) of the ABCZF stock was $16.45. This is 0.3% less than the trading day before Wednesday, 24th Apr 2019.

During day the stock fluctuated 0.00% from a day low at $16.45 to a day high of $16.45.

30 day high of the ABCZF stock price was $16.50 and low was $14.28.
90 day high was $17.85 and low was $13.85.
52 week high for the Abcam PLC - $20.11 and low - $12.68.

Trend

Abcam PLC lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $16.47 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.05% during the next 3 months and, with 90% probability hold a price between $11.86 and $14.81 at the end of this period.

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Signals

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 $16.14 and $15.42. 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 Wednesday April 24, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

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A buy signal from a double bottom formation was found on Tuesday April 23, 2019 with a target of $16.06. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

The stock holds a RSI14 at 71 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $14.85 and $14.30.

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 $14.85. If this is broken, then the next support from accumulated volume will be at $14.30 and $13.88.

Support: $14.85 Price: $16.45 Resistance: $16.45

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 0.96%.

The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stoploss: $15.76 (-4.18%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 71 and this increases the risk substantially. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Hold/Accumulate

Abcam PLC holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Today ABCZF ranks # as HOLD CANDIDATE.
Today ABCZF ranks # as HOLD CANDIDATE.