VOLUME
Sell
TREND
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MV LONG
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MV SHORT
Sell

PIVOT
Sell

MACD
Sell

ABEO Forecast and Technical Stock Analysis

Sell candidate since 2019-05-10 Loss -51.30%

Abeona Therapeutics Inc. fell by -2.60% in the last day ( Friday, 19th Jul 2019 ) from $3.84 to $3.74 and has now fallen 5 days in a row. During day the stock fluctuated 4.83% from a day low at $3.73 to a day high of $3.91. The price has fallen in 8 of the last 10 days and is down by -17.98% for this period. 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 -161 271 shares and in total 376 509 shares bought and sold for approximately $1.41 million.

Quick summary:

  • 30 day high of the ABEO stock price was $5.20 and low was $3.73.
  • 90 day high was $8.41 and low was $3.73.
  • 52 week high for the Abeona Therapeutics Inc. - $15.65 and low - $3.73.
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Trend

Abeona Therapeutics Inc. lies the upper part of a very 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 $4.01 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 -54.75% during the next 3 months and, with 90% probability hold a price between $1.18 and $1.81 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. 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 $4.03 and $4.75. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday June 28, 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.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 7 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.

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

Support & Resistance

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

Price: $3.74 Resistance: $4.43

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 $0.18 between high and low, or 4.83%. For the last week the stock has had a daily average volatility of 5.78%.

Abeona Therapeutics Inc. is oversold on RSI14 (7). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buying opportunity.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

5.78 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Upgraded

Evaluation

Abeona Therapeutics Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Stronger Sell Today ABEO ranks #4984 as SELL CANDIDATE #4984 Weaker Sell

Will ABEO stock price go up or down on Mon, 22 Jul 2019?

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