Accor S.A. ADR Stock Forecast
Weaker technical forecast for Accor S.A. ADR as stock downgraded to Sell Candidate.
(Updated on Apr 30, 2024)
The Accor S.A. ADR stock price fell by -1.90% on the last day (Tuesday, 30th Apr 2024) from $8.96 to $8.79. During the last trading day the stock fluctuated 0.452% from a day low at $8.78 to a day high of $8.82. The price has risen in 6 of the last 10 days and is up by 5.4% over the past 2 weeks. Volume has increased on the last day by 2 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, 13 thousand shares were bought and sold for approximately $118.16 thousand.
The stock lies in the middle of a wide and strong 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 11.50% during the next 3 months and, with a 90% probability hold a price between $9.48 and $10.87 at the end of this 3-month period.
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ACCYY Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.40%. 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. The Accor S.A. ADR stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $8.87 and $8.96. A break-up above any of these levels will issue buy signals. Accor S.A. ADR 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 Accor S.A. ADR stock
Accor S.A. ADR finds support from accumulated volume at $8.51 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0397 between high and low, or 0.452%. For the last week, the stock has had daily average volatility of 1.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ACCYY) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Accor S.A. ADR to open at $8.80, and during the day (based on 14 day Average True Range), to move between $8.63 and $8.95, which gives a possible trading interval of +/-$0.161 (+/-1.83%) up or down from last closing price. If Accor S.A. ADR takes out the full calculated possible swing range there will be an estimated 3.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.02 (2.62%) than the support at $8.51 (3.23%), 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 Accor S.A. ADR stock A Buy?
The Accor S.A. ADR stock holds several negative signals and despite the positive trend, we believe Accor S.A. ADR will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.172 Sell Candidate Downgraded
Predicted Opening Price for Accor S.A. ADR of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $8.80 ( 0.0747%) | $8.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACCYY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.84 | 0.526 % | |
| R2 | 8.82 | 0.354 % | ||
| R1 | 8.81 | 0.247 % | ||
| Current price: | 8.79 | |||
| Support | S1 | 8.78 | -0.0978 % | |
| S2 | 8.77 | -0.204 % | ||
| S3 | 8.76 | -0.377 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.36 | 6.48 % | |
| R2 | 9.04 | 2.84 % | ||
| R1 | 9.02 | 2.62 % | ||
| Current price | 8.79 | |||
| Support | S1 | 8.51 | -3.23% | |
| S2 | 8.50 | -3.30% | ||
| S3 | 7.87 | -10.47% |
ACCYY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2024 | Jun 05, 2024 | Jun 05, 2024 | $0.253 | 2.88% |
| 2 | May 23, 2023 | May 23, 2023 | Aug 07, 2023 | $0.232 | 3.18% |
| 3 | May 08, 2019 | May 08, 2019 | May 29, 2019 | $0.234 | 3.19% |
| 4 | May 09, 2018 | May 09, 2018 | May 09, 2018 | $0.254 | 2.28% |
| 5 | May 09, 2017 | May 09, 2017 | May 09, 2017 | $0.228 | 2.56% |
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