So you can comment down for your stock target. Lets talk about the asia broadband incorporated stock downgraded from hold accumulate to sell candidate after tuesday trading session updated on september 21 2021. The asia broadband incorporated stock price fell by minus 0.65 on the last day, tuesday, 21st of september 2021 from 12 cents to 11 cents. During the day, the stock fluctuated 7.26 from a day low at 11 cents to a day high of 12 cents. The price has fallen in five of the last 10 days and is down by minus 0.43. For this period, volume fell on the last day, along with the stock, which is actually a good sign, as volume should follow the stock. On the last day, the trading volume fell by minus 33 million shares and in total, 19 million shares were bought and sold for approximately 2.22 million dollars. The stock 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 minus 2.28 during the next three months and, with a 90 probability, hold a price between 10 cents and 14 cents. At the end of this three month period signals forecast, a buy signal was issued from a pivot bottom point on monday september, 13, 2021, and so far it has risen 2.23 further rises indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short term development.
The asia broadband incorporated stock holds a buy signal from the short term moving average. At the same time, however, the long term average holds a general sell signal, since the long term average is above the short term average. There is a general sell signal in the stock, giving a more negative forecast for the stock on further gains. The stock will meet resistance from the long term, moving average at 12 cents on a fall. The stock will find some support from the short term average at 11 cents. A breakup through the long term average will give another buy signal, while a fall below the short term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the three months moving average convergence divergence marked volume fell together with the price during the last trading day, and this reduces the overall risk, as volume should follow. The price movements support risk, stop loss, asia, broadband incorporated fines, support from accumulated volume at 11 cents, and this level may hold a buying opportunity, as an upwards reaction can be expected when the support is being tested. This stock has average movements during the day and with good trading volume. The risk is considered to be medium. During the last day, the stock moved 0.0082 between high and low or 7.26. For the last week, the stock has had a daily average volatility of 7.70. Our recommended stop loss. We hold a negative evaluation for this stock.
No stop loss is set, is asia, broadband incorporated stock, abi asia, broadband incorporated holds several negative signals and we believe that it will still perform weekly 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 analysis conclusion for this stock since the last evaluation from a hold accumulate to a sell candidate current score, minus 1.826 predicted opening price for asia. Broadband incorporated of wednesday september 22nd 2021, the predicted opening price is based on yesterdays movements between high low and the closing price. Fair opening price september 22nd, 2021 12 cents hope this video. I help you today. I will talk about the app stock forecast using chart view lets started the video disclaimer. This content is intended for informational purposes before making any investment.