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Takip Edin: @UscMarketsASBFY Stock Forecast & Associated British Foods Chart Analysis
This article provides a detailed analysis of ASBFY-Associated British Foods stock including a forecast for ASBFY shares. It features Associated British Foods plc technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
ASBFY Historical Data Review
ASBFY Current Price Performance Analysis
The Associated British Foods - ASBFY stock traded on the American stock market, on 06-05-2024, closed at 33.42$ with a %0.30 increased compared to the previous day.
In the last month, the price of ASBFY changed by %-1.73 decreased in value, from 34.01 dollars on 05-06-2024 to 33.42 dollars, decreased.
Last year, the price of ASBFY was 23.16 dollars on 06-06-2023, and changed by %44.30 increased in value, to 33.42 dollars increased within a year.
The price of Associated British Foods stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
ASBFY with AI Stock Forecast & Price Target
On the ASBFY chart Associated British Foods price was recorded as 33.42 Dollars on 06/05/2024.
The artificial intelligence's forecast on ASBFY stock is as follows.
The artificial intelligence's prediction error margin for ASBFY stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Associated British Foods stock over the next 4 months is: 29.7 Dollars.
The commentary on ASBFY stock Target Price: Highest: 33.266 Dollars is predicted.
The commentary on ASBFY stock Target Price: Lowest: 27.382 Dollars is predicted.
Resistance Price where Associated British Foods stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 08-19-2024 | 28.083 |
| 10-18-2024 | 29.566 |
| 12-12-2024 | 31.973 |
Support Price where Associated British Foods stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-09-2024 | 27.838 |
| 09-13-2024 | 27.382 |
| 11-07-2024 | 28.688 |
| 02-20-2025 | 28.100 |
The commentary on ASBFY stock: Fluctuations in the target price can be expected in the coming days.
The target price for Associated British Foods stock by the end of 2024 is predicted to be 31.444 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on ASBFY stock, and the 2024 target price predictions for Associated British Foods are detailed above.
The technical analysis and charts for the commentary on ASBFY stock are below.
ASBFY Support & Resistance and Trend Analysis
ASBFY stock you have reviewed the technical analysis support resistance charts regarding.
ASBFY : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the ASBFY review, the Associated British Foods support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Associated British Foods Support and Resistance Prices:
| ASBFY Support Level Price | ASBFY Resistance Level Price |
|---|---|
| 27.90 | 29.60 |
| 28.14 | 30.32 |
| 28.25 | 30.56 |
| 28.67 | 30.58 |
| 28.87 | 30.68 |
| 29.00 | 30.98 |
| 29.18 | 32.79 |
| 30.74 | 34.44 |
| 32.45 | 35.26 |
ASBFY Technical Analysis: SMA, RSI, MACD
Upon reviewing the ASBFY chart, buy and sell signals have been generated in the Associated British Foods technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for ASBFY stock are as follows:- The technical analysis for ASBFY indicates that the 14-period RSI has most recently generated a 'Sell' signal.
- The technical analysis for Associated British Foods indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Associated British Foods stock: Click here to read more predictions on ArcelorMittal S.A. stock.
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