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AbCellera Biologics is Now Oversold (ABCL)
Monday, April 3, 12:06 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

AbCellera Biologics Enters Oversold Territory (ABCL)
Friday, May 5, 11:43 AM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

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RSI Alert: AbCellera Biologics (ABCL) Now Oversold

By Market News Video Staff, Thursday, July 1, 11:58 AM ET
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In trading on Thursday, shares of AbCellera Biologics Inc (NASDAQ:ABCL) entered into oversold territory, hitting an RSI reading of 27.7, after changing hands as low as $20.50 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 68.3. A bullish investor could look at ABCL's 27.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ABCL shares:

AbCellera Biologics Inc 1 Year Performance Chart

Looking at the chart above, ABCL's low point in its 52 week range is $19.80 per share, with $71.91 as the 52 week high point — that compares with a last trade of $20.91. Find out what 9 other oversold stocks you need to know about »


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RSI Alert: AbCellera Biologics (ABCL) Now Oversold | Market News Video | Copyright © 2008 - 2024, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.

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