Stock Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
AmerisourceBergen Corporation (NYSE:ABC)
Bull Market Weakness (+75) - ABC is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ABC as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ABC?
MarketClub looks at technical strength and momentum to determine if the timing is right for ABC.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ABC
The long-term trend has been UP since Aug 4th, 2021 at 125.86
The intermediate-term trend has been DOWN since Sep 30th, 2021 at 120.51
The short-term trend has been UP since Oct 20th, 2021 at 121.67
Smart Scan Analysis for ABC
Based on our trend formula, ABC is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||106.27||Year High Date||2018-01-29|
|Year Low||77.28||Year Low Date||2018-08-02|
|52wk High||128.87||52wk High Date||2021-08-04|
|52wk Low||92.235||52wk Low Date||2020-10-29|
|Year End Close||43.18||Average Volume||795,633|
|Shares Outstanding||207,787||Short Interest||8,383,125|
|% Institutional||93.7||Market Cap||18,288M|