Stock Forecast Chart
Stock Price Prediction Summary
Forecast Score Based on 2 Weeks
Based on our forecast, the price of ABC will - over the next 2 Weeks and hit - by . In that time frame, ABC's share price is expected to range between - and -.
BearishAverageBullishABC shares fell -0.23% in Tuesday, August 29, 2023's trading session, dropping from a previous close of $180.39 to move at $179.98. The stock demonstrated notable intraday movement (see ABC's key stats for a full breakdown), fluctuating between $179.24 and $180.93, a +0.94% trading range. While recent weeks have seen some volatility, ABC has managed to secure a +0.84% gain over the past 2 weeks. The downward price movement was accompanied by decreased trading volume, with approximately 937.71K shares changing hands, 147.8K fewer than the previous session. This amounted to $168.77M in total market activity.
Will ABC Continue Its Trend?
According to analyst ratings and projections for ABC, AmerisourceBergen Corporation shares are anticipated to remain stable by -, potentially reaching - per share by January 1, 1970. Short-term technical indicators currently suggest a bearish sentiment for ABC. However, the stock has recorded 18 positive trading days within the past 30 sessions. Based on the ABC stock forecast, now is not the best time to buy ABC stock because its current trading price is - our predicted value, hinting at a possible . For deeper insights, view our sentiment analysis on ABC covering social and institutional perspectives.
ABC Technical Momentum: Overbought, Oversold, or Neutral?
An analysis of Relative Strength Index (RSI) indicators provides insight into ABC's momentum. Short-term RSIs (9, 14, and 20-day figures ranging from 61.22% to 77.64%) suggest the stock is showing bullish momentum with some volatility. The 50-day RSI, at 56.04%, suggests a neutral medium-term outlook. Additionally, the 100-day RSI, at 55.34%, maintains a neutral outlook for the long term. Insights into ABC's shareholder base show how institutional investors are positioning themselves during these momentum shifts