Atal S.A. Stock Forecast

Atal S.A. stock price down 0% on Friday
(Updated on May 31, 2024)

1AT.WA Signals & Forecast

There are few to no technical positive signals at the moment. The Atal S.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 63.47zł and 61.92zł. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -6.45%. Further fall is indicated until a new bottom pivot has been found. 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".

Support, Risk & Stop-loss for Atal S.A. stock

Atal S.A. finds support from accumulated volume at 60.20zł 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 controlled movements and therefore the general risk is considered 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 1.80zł between high and low, or 3.02%. For the last week the stock has had daily average volatility of 2.93%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (1AT.WA) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Atal S.A. to open at 60.70zł, and during the day (based on 14 day Average True Range), to move between 59.45zł and 62.35zł, which gives a possible trading interval of +/-1.45zł (+/-2.38%) up or down from last closing price. If Atal S.A. takes out the full calculated possible swing range there will be an estimated 4.77% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 60.20zł (1.15%) than the resistance at 61.90zł (1.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Atal S.A. stock A Buy?

The Atal S.A. stock holds several negative signals and despite the positive trend, we believe Atal S.A. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.475 Sell Candidate Unchanged

Predicted Opening Price for Atal S.A. of Monday, June 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.