ABIOMED Stock Analysis
Technical stock analysis for 18 January 2019
ABIOMED gained 1.04% in the last trading day, rising from $330.32 to $333.74 , and has now gained 3 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. The price has risen in 6 of the last 10 days and is up by 6.48% 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, 121 998 more shares were traded than the day before. In total, 414 941 shares bought and sold for approximately $138.48 million.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the ABMD stock was $333.74. This is 1.04% more than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 3.27% from a day low at $326.50 to a day high of $337.16.
30 day high of the ABMD stock price was $342.97 and low was $274.02.
90 day high was $427.70 and low was $274.02.
52 week high for the ABIOMED - $459.75 and low - $219.13.
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 -12.18% during the next 3 months and, with 90% probability hold a price between $234.15 and $328.36 at the end of this period.
Only positive signals in the chart today. ABIOMED 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 $326.85 and $318.41. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday January 14, 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.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 57 and the stock is currently not being overbought or oversold
Support & Resistance
ABIOMED finds support from accumulated volume at $333.12.
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 $10.67 between high and low, or 3.27%. For the last week, the stock has had a daily average volatility of 3.00%.
Our recommended stoploss: $318.44 (-4.58%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 4 days ago.)
Very Low Low Medium High Very High
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.
|ABMD $333.74 $3.42(1.04%)|
ABMD is up $3.42 today, but where's it headed in 2019?
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