Weaker Buy Today ABMD ranks #995 as BUY CANDIDATE #995 Stronger Buy

ABMD stock forecast ABIOMED

ABMD stock forecast

Friday September 20, 2019 Change 0.23% Price $192.76
Your prediction: Prediction: Request
VOLUME
Buy
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy
Bullish vs. Bearish (2 opinions)
50%
50%
Social Sentiment -0.36

ABMD Forecast and Technical Stock Analysis


Buy candidate since 2019-09-20 PDF

ABIOMED gained 0.23% in the last trading day ( Friday, 20th Sep 2019 ), rising from $192.32 to $192.76 , 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 2.51% from a day low at $191.68 to a day high of $196.49. The price has risen in 5 of the last 10 days and is up by 1.76% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 609 453 more shares were traded than the day before. In total, 988 724 shares bought and sold for approximately $190.59 million.

Quick summary:

  • 30 day high of the ABMD stock price was $200.00 and low was $180.00.
  • 90 day high was $285.77 and low was $180.00.
  • 52 week high for ABIOMED - $459.75 and low - $180.00.
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Trend

ABIOMED lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -31.73% during the next 3 months and, with 90% probability hold a price between $95.42 and $149.76 at the end of this period.

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Signals

Only positive signals in the chart today. ABIOMED holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $190.18 and $191.79. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday September 13, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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A buy signal from a double bottom formation was found on Friday September 13, 2019 with a target of $189.95. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 50 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

ABIOMED finds support from accumulated volume at $191.70.

Support: $191.70 Price: $192.76 Resistance: $200.62

Risk

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 $4.81 (2.51%) between high and low. For the last week, the stock has had daily average volatility of 2.76%.

Our recommended stop-loss: $182.81 (-5.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)

2.76 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded

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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Weaker Buy Today ABMD ranks #995 as BUY CANDIDATE #995 Stronger Buy
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