Atal S.A. Stock Forecast
Atal S.A. stock upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session.
(Updated on May 17, 2024)
The Atal S.A. stock price gained 4.04% on the last trading day (Friday, 17th May 2024), rising from 61.90zł to 64.40zł. During the last trading day the stock fluctuated 1.89% from a day low at 63.60zł to a day high of 64.80zł. The price has risen in 5 of the last 10 days and is up by 6.27% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 5 thousand shares were bought and sold for approximately 352.72zł thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 65.50zł will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 11.40% during the next 3 months and, with a 90% probability hold a price between 66.81zł and 72.96zł at the end of this 3-month period.
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1AT.WA Signals & Forecast
The Atal S.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 62.76zł and 60.90zł. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 16.25%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Atal S.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at 60.20zł and 60.00zł. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Atal S.A. finds support just below today's level at 60.20zł. If this is broken, then the next support from accumulated volume will be at 60.00zł and 59.40zł.
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 1.20zł between high and low, or 1.89%. For the last week the stock has had daily average volatility of 1.81%
Our recommended stop-loss: 62.44zł (-3.04%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 41 days ago.)
Trading Expectations (1AT.WA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Atal S.A. to open at 64.27zł, and during the day (based on 14 day Average True Range), to move between 63.02zł and 65.78zł, which gives a possible trading interval of +/-1.38zł (+/-2.15%) up or down from last closing price. If Atal S.A. takes out the full calculated possible swing range there will be an estimated 4.30% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 60.20zł, some 4.20zł (6.52%) from the current price of 64.40zł, our system finds the risk reward attractive.
Is Atal S.A. stock A Buy?
Atal S.A. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 8.307 Strong Buy Candidate Upgraded
Predicted Opening Price for Atal S.A. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 64.27zł ( 0.207%) | 64.40zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1AT.WA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.47 | 1.66 % | |
| R2 | 65.01 | 0.94 % | ||
| R1 | 64.73 | 0.505 % | ||
| Current price: | 64.40 | |||
| Support | S1 | 63.81 | -0.92 % | |
| S2 | 63.53 | -1.36 % | ||
| S3 | 63.07 | -2.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 64.40 | |||
| Support | S1 | 60.20 | -6.52% | |
| S2 | 60.00 | -6.83% | ||
| S3 | 59.40 | -7.76% |
1AT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 21, 2023 | Jun 21, 2023 | Jun 21, 2023 | 5.00zł | 10.87% |
| 2 | Jun 22, 2022 | Jun 22, 2022 | Jun 22, 2022 | 6.00zł | 16.39% |
| 3 | Jul 06, 2021 | Jul 06, 2021 | Jul 06, 2021 | 3.03zł | 5.92% |
| 4 | Jun 25, 2019 | Jun 25, 2019 | Jun 25, 2019 | 4.70zł | 12.88% |
| 5 | Jun 22, 2018 | Jun 22, 2018 | Jun 22, 2018 | 3.54zł | 9.44% |
FAQ
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