ABIL Forecast and Technical Stock Analysis
Sell candidate since 2019-05-31 Loss -54.38% PDF
Ability Inc. fell by -2.44% in the last day ( Friday, 20th Sep 2019 ) from $0.61 to $0.59 and has now fallen 3 days in a row. During the day the stock fluctuated 6.78% from a day low at $0.59 to a day high of $0.63. The price has fallen in 5 of the last 10 days and is down by -2.79% for this period. Volume has increased in the last day by 34 960 shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 58 550 shares bought and sold for approximately $34 720.10.
- 30 day high of the ABIL stock price was $0.72 and low was $0.50.
- 90 day high was $0.97 and low was $0.50.
- 52 week high for Ability Inc. - $8.14 and low - $0.50.
Ability 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 $0.63 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 -39.34% during the next 3 months and, with 90% probability hold a price between $0.26 and $0.38 at the end of this period.
There are few to none technical positive signals at the moment. Ability 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 $0.62 and $0.64. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday September 18, 2019, which indicates further falls until a new bottom pivot has been found. Ability Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 35 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Ability Inc. finds support from accumulated volume at $0.59.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.04 (6.78%) between high and low. For the last week, the stock has had daily average volatility of 7.88%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
7.88 %Average volatility
Very Low Low Medium High Very High
Ability 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Strong Sell Candidate.
|ABIL $0.59 ($-0.01 -2.44%)|
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