ABIOMED Forecast and Stock Analysis
Technical ABMD stock analysis for March 25, 2019.
ABIOMED fell by -3.09% in the last day from $323.21 to $313.22 and has now fallen 4 days in a row. The price has risen in 6 of the last 10 days , but is still down by -1.87% for this period. Volume has increased in the last day by 356 440 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, 762 407 shares bought and sold for approximately $238.80 million.
Close price at the end of the last trading day (Monday, 25th Mar 2019) of the ABMD stock was $313.22. This is 3.09% less than the trading day before Friday, 22nd Mar 2019.
During day the stock fluctuated 2.92% from a day low at $313.00 to a day high of $322.14.
30 day high of the ABMD stock price was $357.00 and low was $305.37.
90 day high was $364.31 and low was $282.00.
52 week high for the ABIOMED - $459.75 and low - $274.02.
ABIOMED has broken the wide and weak rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $314.28. A reaction back to this level may hold a second chance to get out before further falls.
There are few to none technical positive signals at the moment. ABIOMED 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 $331.34 and $339.38. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday March 20, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 36 and the stock is currently not being overbought or oversold
Support & Resistance
ABIOMED finds support from accumulated volume at $309.96.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $9.14 (2.92%) between high and low. For the last week, the stock has had a daily average volatility of 3.09%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The ABIOMED stock holds several negative signals and despite the positive trend we believe ABIOMED will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.