Wednesday June 19, 2019 Change 0.40% Price £248.00
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Sell
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will ABD.L stock price go up or down on Thu, 20 Jun 2019?

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AUTOBOND ACCEPTANCE CORP Forecast and Stock Analysis

Technical ABD.L stock analysis for Wednesday June 19, 2019.

Buy candidate since 2019-06-18 Gain 0.40%


AUTOBOND ACCEPTANCE CORP gained 0.40% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from £247.00 to £248.00 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 1.21% from a day low at £247.00 to a day high of £250.00. The price has risen in 4 of the last 10 days and is up by 2.9% over the past 2 weeks. Volume fell in the last day by -3 316 shares, and in total, 83 241 shares bought and sold for approximately £20.64 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the ABD.L stock price was £250.00 and low was £2.37.
  • 90 day high was £257.00 and low was £2.36.
  • 52 week high for the AUTOBOND ACCEPTANCE CORP - £257.00 and low - £2.36.

Trend

Given the current short-term trend, the stock is expected to fall -13.14% during the next 3 months and, with 90% probability hold a price between £-9.15 and £215.41 at the end of this period.

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Signals

Only positive signals in the chart today. AUTOBOND ACCEPTANCE CORP 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 £244.79 and £201.44. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday May 20, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

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Relative Strength Index (RSI)

RSI14 is 69 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

AUTOBOND ACCEPTANCE CORP finds support from accumulated volume at £242.50.

Support: £242.50 Price: £248.00 Resistance: £249.00

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 £3.00 between high and low, or 1.21%. For the last week, the stock has had a daily average volatility of 1.23%.

Our recommended stoploss: £240.26 (-3.12%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 21 days ago.)

1.23 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Several short-term signals are positive, despite the stock being in a falling trend, 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.

Buy Candidate Upgraded
Weaker Buy Today ABD.L ranks #1261 as BUY CANDIDATE #1261 Stronger Buy

Will ABD.L stock price go up or down on Thu, 20 Jun 2019?

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