Bullish vs. Bearish (29 opinions)
Social Sentiment 0.40
ABEO Forecast and Technical Stock Analysis
Sell candidate since 2020-01-03 Loss -12.41% PDF
No changes to the price of Abeona Therapeutics Inc. in the last trading day ( Friday, 17th Jan 2020 ). During the day the stock fluctuated 3.17% from a day low at $2.52 to a day high of $2.60. The price has fallen in 6 of the last 10 days and is down by -12.41% for this period.
- 30 day high of the ABEO stock price was $5.19 and low was $2.30.
- 90 day high was $5.19 and low was $2.12.
- 52 week high for Abeona Therapeutics Inc. - $8.41 and low - $1.46.
Abeona Therapeutics Inc. lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. A break down the bottom trend line at $2.41 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.15% during the next 3 months and, with 90% probability hold a price between $2.88 and $6.27 at the end of this period.
The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Abeona Therapeutics Inc. 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 $2.54 and $3.24. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday January 15, 2020, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock currently holds a RSI14 at 24 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Abeona Therapeutics Inc. finds support from accumulated volume at $2.50.
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 $0.08 between high and low, or 3.17%. For the last week, the stock has had a daily average volatility of 9.14%.
Abeona Therapeutics Inc. is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
9.14 %Average volatility
Very Low Low Medium High Very High
The Abeona Therapeutics Inc. stock holds several negative signals and despite the positive trend we believe Abeona Therapeutics Inc. will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Important: Please note that 93% of user opinions on StockTwits are positive to the stock. The sentiment is based upon 29 votes on StockTwits.
|ABEO $2.54 ($0.00 0.00%)|
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