Abercrombie & Fitch Co. | ANF

Daily Technical Analysis of Abercrombie & Fitch Co.

Abercrombie & Fitch Co. had a nice pop today and is currently up 5.87% -- which is pretty good. Investors have a more positive outlook for the company and future revenue. It looks like ANF may be interacting with a downward sloping Support line. It may find or support at this level or it's momentum can continue downward. In addition to being near an angled support line ANF is near a weak support line. We'll see if it bounces off or heads lower. Abercrombie & Fitch Co. hasn't been treated too well by the market over the last few months and has seen a lot of selling continue to drive price down. It might get a little bounce here and that may be subsequently followed by profit taking. Over the past 3 months, owners of the Retail company are down -46.62 percent, we'll see if more buyers feel it's appropriately priced and want to purchase, if so we might get a little bounce.

If the price bounces off of the support and moves up it'll probably head up to the $137.21 level, at which point it may hit some selling pressure. If it punches through this support level, it can easily push down to $63.36 where it may meet further support, hopefully it can consolidate around that point.

Analyst Ratings for Abercrombie & Fitch Co. By Price Target And Rating

The analysts are pretty neutral on Abercrombie & Fitch Co. right now, so not much useful information here. The current Analysts Sentiment Score is 1.33. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Telsey Advisory Group reiterated a rating of Outperform on 2024-03-06 and provided a price target of $140.00. On 2024-02-27 Citigroup increased their price target by 27% to $127.00. On 2024-02-26 UBS Group increased their price target by 32.65% to $130.00. Morgan Stanley gave a boost to their price target and moved to $68.00 from $53.00 on 2023-11-22. JPMorgan Chase & Co. provided a price target boost of 37.78% to $62.00 from $45.00 on 2023-08-24. Argus upgraded from Hold to Buy on 2023-06-12 and provided a price target of $41.00. On 2023-05-09 Jefferies Financial Group lowered their price target by -14.29% to $30.00.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Abercrombie & Fitch Co.

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Abercrombie & Fitch Co.

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.