Stock Trend Analysis Report
Prepared for you on Sunday, January 29, 2023.
AmerisourceBergen Corporation (NYSE:ABC)
Weak Uptrend (+65) - ABC is showing signs of weakening momentum to the upside. Monitor 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 Oct 26th, 2022 at 153.35
The intermediate-term trend has been DOWN since Jan 3rd, 2023 at 163.74
The short-term trend has been UP since Jan 26th, 2023 at 163.56
Smart Scan Analysis for ABC
Based on our trend formula, ABC is rated as a +65 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||174.63||52wk High Date||2022-12-02|
|52wk Low||131.03||52wk Low Date||2022-01-27|
|Year End Close||43.18||Average Volume||1,301,503|
|Shares Outstanding||205,669||Short Interest||8,383,125|
|% Institutional||93.7||Market Cap||18,288M|