Abéo SA Stock Forecast
Stronger technical forecast for Abéo SA stock price after Friday trading.
(Updated on May 17, 2024)
The Abéo SA stock price gained 1.18% on the last trading day (Friday, 17th May 2024), rising from 12.75€ to 12.90€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.98% from a day low at 12.65€ to a day high of 12.90€. The price has risen in 6 of the last 10 days and is up by 21.7% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 450 shares were bought and sold for approximately 5.81€ 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.
Given the current short-term trend, the stock is expected to fall -20.15% during the next 3 months and, with a 90% probability hold a price between 6.74€ and 10.30€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ABEO.PA Signals & Forecast
The Abéo 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 11.48€ and 11.01€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has risen 25.85%. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Abéo SA stock
On the downside, the stock finds support just below today's level from accumulated volume at 12.05€ and 11.00€. 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, Abéo SA finds support just below today's level at 12.05€. If this is broken, then the next support from accumulated volume will be at 11.00€ and 10.25€.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.250€ between high and low, or 1.98%. For the last week the stock has had daily average volatility of 9.30%.
Our recommended stop-loss: 12.52€ (-2.96%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (ABEO.PA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Abéo SA to open at 12.82€, and during the day (based on 14 day Average True Range), to move between 12.45€ and 13.35€, which gives a possible trading interval of +/-0.454€ (+/-3.52%) up or down from last closing price. If Abéo SA takes out the full calculated possible swing range there will be an estimated 7.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 13.70€ (6.20%) than the support at 12.05€ (6.59%), 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 Abéo SA stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.592 Buy Candidate Upgraded
Predicted Opening Price for Abéo SA of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 12.82€ ( 0.646%) | 12.90€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ABEO.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.07 | 1.29 % | |
| R2 | 12.97 | 0.552 % | ||
| R1 | 12.91 | 0.0943 % | ||
| Current price: | 12.90 | |||
| Support | S1 | 12.72 | -1.39 % | |
| S2 | 12.66 | -1.84 % | ||
| S3 | 12.57 | -2.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.95 | 8.14 % | |
| R2 | 13.80 | 6.98 % | ||
| R1 | 13.70 | 6.20 % | ||
| Current price | 12.90 | |||
| Support | S1 | 12.05 | -6.59% | |
| S2 | 11.00 | -14.73% | ||
| S3 | 10.25 | -20.54% |
ABEO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 27, 2023 | Jul 27, 2023 | Jul 27, 2023 | 0.330€ | 1.93% |
| 2 | Jul 22, 2022 | Jul 22, 2022 | Jul 22, 2022 | 0.400€ | 1.90% |
| 3 | Jun 06, 2019 | Jul 29, 2019 | Jul 31, 2019 | 0.320€ | 1.16% |
| 4 | Jun 13, 2018 | Jul 27, 2018 | Jul 31, 2018 | 0.310€ | 0.86% |
| 5 | Jun 14, 2017 | Jul 27, 2017 | Jul 31, 2017 | 0.470€ | 1.42% |
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