Anbio Biotechnology Stock Soars 10.05% on Bullish Momentum

Anbio Biotechnology's stock price surged by 10.05% in pre-market trading on June 18, 2025, marking a significant rise that has caught the attention of investors.

Anbio Biotechnology's stock has experienced notable volatility, with its price fluctuating between $8.94 and $10.00 on June 17, 2025. The stock gained 10.43% on that trading day, rising from $9.01 to $9.95. This upward trend has been consistent, with the stock rising in 7 of the last 10 days and increasing by 21.37% over the past two weeks. The increased volume during this period is seen as a positive technical sign, indicating strong investor interest.

The stock has broken through a strong short-term rising trend, suggesting an even stronger rate of increase. Technical analysis indicates that the next possible trend-top level is at $11.38, which may act as a resistance level. Support levels are identified at $9.19, $8.88, and $7.63, providing potential buying opportunities on corrections down.

Anbio Biotechnology's stock holds buy signals from both short and long-term moving averages, with the short-term average above the long-term average. This relationship suggests a positive forecast for the stock. Additionally, a buy signal was issued from a pivot bottom point on April 30, 2025, and the stock has since risen by 63.11%. The Moving Average Convergence Divergence (MACD) also indicates a buy signal, further supporting the bullish outlook.

Despite the stock being extremely overbought on the RSI14 (88), the likelihood of a major correction is low due to the broken trend up. The recommended stop-loss is set at $9.63, reflecting the medium risk associated with the stock's daily movements. For the upcoming trading day, the stock is expected to open at $9.63 and move between $9.43 and $10.47, providing a possible trading interval of +/-$0.515 (+/-5.18%) from the last closing price.