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Is ABSI heading for a slide? Fell Below 50 Day Moving Average shows up after crashing 7.43%

Absci Corporation (ABSI) — Nightly Technical Analysis · Aug 29, 2026, 02:18 ET
ABSI closed down 7.43% on Friday, August 28th, with volume running 0.5× below average. Multiple bearish signals emerged — Fell Below 50 DMA, MACD Bearish Signal Line Cross, Fell Below 20 DMA & Directional Movement Crossover Bearish — suggesting potential weakness ahead. Key support levels exist at 8.45, 8.19 & 7.77, with resistance at 9.13, 9.55 & 9.81.

Current SwingTradeBot Technical Rating of ABSI: C

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Absci Corporation (ABSI)