Abc Arbitrage Sa Stock Forecast
Weaker technical forecast for Abc Arbitrage Sa as stock downgraded to Sell Candidate.
(Updated on Jun 19, 2024)
No changes to the price of Abc Arbitrage Sa stock on the last trading day (Wednesday, 19th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at 4.02€ to a day high of 4.02€. The price has fallen in 4 of the last 10 days and is down by -6.74% for this period.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 4.01€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.03% during the next 3 months and, with a 90% probability hold a price between 4.25€ and 4.64€ at the end of this 3-month period.
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0OPJ.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.375%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Abc Arbitrage Sa stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 4.07€ and 4.14€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Abc Arbitrage Sa stock
Abc Arbitrage Sa finds support from accumulated volume at 4.01€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0€ between high and low, or 0%. For the last week the stock has had daily average volatility of 0.84%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0OPJ.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Abc Arbitrage Sa to open at 4.02€, and during the day (based on 14 day Average True Range), to move between 3.97€ and 4.06€, which gives a possible trading interval of +/-0.0491€ (+/-1.22%) up or down from last closing price. If Abc Arbitrage Sa takes out the full calculated possible swing range there will be an estimated 2.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 4.02€ (0.12%) than the support at 4.01€ (0.12%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Abc Arbitrage Sa stock A Buy?
The Abc Arbitrage Sa stock holds several negative signals and despite the positive trend, we believe Abc Arbitrage Sa will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.184 Sell Candidate Downgraded
Predicted Opening Price for Abc Arbitrage Sa of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| 4.02€ ( 0%) | 4.02€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0OPJ.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.02 | - |
| R2 | 4.02 | - |
| R1 | 4.02 | - |
| Price | 4.02 | |
| S1 | 4.02 | - |
| S2 | 4.02 | - |
| S3 | 4.02 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.06 | 1.12% |
| R2 | 4.04 | 0.623% |
| R1 | 4.02 | 0.125% |
| Price | 4.02 | |
| S1 | 4.01 | -0.125% |
| S2 | 3.97 | -1.12% |
| S3 | 3.81 | -5.11% |
0OPJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 23, 2024 | Apr 23, 2024 | Apr 25, 2024 | 0.100€ | 2.56% |
| 2 | Dec 05, 2023 | Dec 05, 2023 | Dec 05, 2023 | 0.100€ | 1.99% |
| 3 | Oct 10, 2023 | Oct 10, 2023 | Oct 10, 2023 | 0.100€ | 1.70% |
| 4 | Jul 04, 2023 | Jul 04, 2023 | Jul 04, 2023 | 0.110€ | 1.88% |
| 5 | Apr 18, 2023 | Apr 18, 2023 | Apr 18, 2023 | 0.100€ | 1.66% |
FAQ
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