ABC Arbitrage SA Stock Forecast
ABC Arbitrage SA stock price ended at 4.20€ on Friday, after gaining 0.239%.
(Updated on May 17, 2024)
The ABC Arbitrage SA stock price gained 0.239% on the last trading day (Friday, 17th May 2024), rising from 4.19€ to 4.20€. During the last trading day the stock fluctuated 1.21% from a day low at 4.15€ to a day high of 4.20€. The price has risen in 6 of the last 10 days and is up by 4.22% over the past 2 weeks. Volume fell on the last day by -19 thousand shares and in total, 26 thousand shares were bought and sold for approximately 110.38€ 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 middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.87% during the next 3 months and, with a 90% probability hold a price between 4.25€ and 4.69€ at the end of this 3-month period.
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ABCA.PA Signals & Forecast
The ABC Arbitrage SA 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 4.13€ and 4.02€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 12.32%. 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 ABC Arbitrage SA stock
On the downside, the stock finds support just below today's level from accumulated volume at 3.81€ and 3.74€. 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, ABC Arbitrage SA finds support just below today's level at 3.81€. If this is broken, then the next support from accumulated volume will be at 3.74€ and 3.60€.
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 0.0500€ between high and low, or 1.21%. For the last week the stock has had daily average volatility of 1.83%.
Our recommended stop-loss: 4.07€ (-2.96%) (This stock has low daily movements and this gives low risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (ABCA.PA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect ABC Arbitrage SA to open at 4.18€, and during the day (based on 14 day Average True Range), to move between 4.12€ and 4.27€, which gives a possible trading interval of +/-0.0791€ (+/-1.89%) up or down from last closing price. If ABC Arbitrage SA takes out the full calculated possible swing range there will be an estimated 3.77% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 3.81€, some 0.385€ (9.18%) from the current price of 4.20€, our system finds the risk reward attractive.
Is ABC Arbitrage SA stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ABC Arbitrage SA stock to perform well in the short-term.
Current score: 2.420 Buy Candidate Unchanged
Predicted Opening Price for ABC Arbitrage SA of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 4.18€ ( 0.397%) | 4.20€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ABCA.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.23 | 0.795 % | |
| R2 | 4.21 | 0.339 % | ||
| R1 | 4.20 | 0.0580 % | ||
| Current price: | 4.20 | |||
| Support | S1 | 4.16 | -0.85 % | |
| S2 | 4.15 | -1.13 % | ||
| S3 | 4.13 | -1.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 4.20 | |||
| Support | S1 | 3.81 | -9.18% | |
| S2 | 3.74 | -10.97% | ||
| S3 | 3.60 | -14.18% |
ABCA 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€ | 0% |
| 3 | Jul 04, 2023 | Jul 04, 2023 | Jul 04, 2023 | 0.110€ | 1.88% |
| 4 | Apr 18, 2023 | Apr 18, 2023 | Apr 18, 2023 | 0.100€ | 1.66% |
| 5 | Dec 06, 2022 | Dec 06, 2022 | Dec 06, 2022 | 0.100€ | 1.53% |
FAQ
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