Friday September 20, 2019 Change 0.62% Price $3.26
Your prediction: Prediction: Request
VOLUME
Sell
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy
Bullish vs. Bearish (2 opinions)
100%
0%
Social Sentiment 0.00

ABEO Forecast and Technical Stock Analysis


Buy candidate since 2019-09-18 Gain 1.87% PDF

Abeona Therapeutics Inc. gained 0.62% in the last trading day ( Friday, 20th Sep 2019 ), rising from $3.24 to $3.26 , 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 the day the stock fluctuated 6.43% from a day low at $3.19 to a day high of $3.40. The price has risen in 7 of the last 10 days and is up by 9.4% over the past 2 weeks. Volume fell in the last day by -1 059 500 shares and in total, 797 405 shares bought and sold for approximately $2.60 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 ABEO stock price was $3.51 and low was $1.46.
  • 90 day high was $4.93 and low was $1.46.
  • 52 week high for Abeona Therapeutics Inc. - $14.10 and low - $1.46.
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Trend

Given the current short-term trend, the stock is expected to fall -41.43% during the next 3 months and, with 90% probability hold a price between $0.60 and $1.91 at the end of this period.

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Signals

Only positive signals in the chart today. Abeona Therapeutics Inc. 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 $3.10 and $2.51. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday August 30, 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 it may be an early warning. The stock should be watched closely.

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Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 86 and the stock is extremely overbought on RSI14, but may also ontinue to gain. Some stocks see their best performance while being overbought, but very seldom does RSI remain so high for a long time without short corrections. Risk has therefore increased and larger daily movements can be expected for the next couple of days.

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $2.98 and $2.97.

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, Abeona Therapeutics Inc. finds support just below today's level at $2.98. If this is broken, then the next support from accumulated volume will be at $2.97 and $2.94.

Support: $2.98 Price: $3.26 Resistance: $3.84

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 $0.21 between high and low, or 6.43%. For the last week, the stock has had a daily average volatility of 9.23%.

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 stop-loss: $3.08 (-5.56%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 86 and this increases the risk substantially. There is a buy signal from pivot bottom found 14 days ago.)

9.23 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Downgraded

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.

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