ABC Arbitrage SA Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of ABC Arbitrage SA stock downgraded after the last trading session.
(Updated on May 31, 2024)
The ABC Arbitrage SA stock price fell by -0.704% on the last day (Friday, 31st May 2024) from 4.26€ to 4.23€. During the last trading day the stock fluctuated 2.15% from a day low at 4.19€ to a day high of 4.28€. The price has fallen in 6 of the last 10 days but is still up by 0.83% over the past 2 weeks. Volume has increased on the last day by 19 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 65 thousand shares were bought and sold for approximately 274.43€ thousand.
The stock lies in the middle of a 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 9.82% during the next 3 months and, with a 90% probability hold a price between 4.42€ and 4.83€ 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 4.22€ and 4.08€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 30, 2024, and so far it has fallen -0.704%. Further fall is indicated until a new bottom pivot has been found. ABC Arbitrage SA gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for ABC Arbitrage SA stock
ABC Arbitrage SA finds support from accumulated volume at 4.04€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.0900€ (2.15%) between high and low. For the last week, the stock has had daily average volatility of 2.03%.
Our recommended stop-loss: 4.10€ (-3.13%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 45 days ago.)
Trading Expectations (ABCA.PA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect ABC Arbitrage SA to open at 4.23€, and during the day (based on 14 day Average True Range), to move between 4.15€ and 4.31€, which gives a possible trading interval of +/-0.0794€ (+/-1.88%) up or down from last closing price. If ABC Arbitrage SA takes out the full calculated possible swing range there will be an estimated 3.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 4.26€ (0.71%) than the support at 4.04€ (4.61%), 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?
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.494 Buy Candidate Downgraded
Predicted Opening Price for ABC Arbitrage SA of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 4.23€ ( 0.0788%) | 4.23€ |
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 | 4.32 | 2.21 % | |
| R2 | 4.29 | 1.39 % | ||
| R1 | 4.27 | 0.89 % | ||
| Current price: | 4.23 | |||
| Support | S1 | 4.20 | -0.734 % | |
| S2 | 4.18 | -1.24 % | ||
| S3 | 4.14 | -2.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 4.26 | 0.709 % | ||
| Current price | 4.23 | |||
| Support | S1 | 4.04 | -4.61% | |
| S2 | 4.02 | -4.96% | ||
| S3 | 3.74 | -11.70% |
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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