Accor S.A. ADR 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
Stronger technical forecast for Accor S.A. ADR stock price after Wednesday trading.
(Updated on May 01, 2024)
The Accor S.A. ADR stock price gained 1.37% on the last trading day (Wednesday, 1st May 2024), rising from $8.79 to $8.91. During the last trading day the stock fluctuated 1.89% from a day low at $8.75 to a day high of $8.91. The price has risen in 6 of the last 10 days and is up by 6.58% over the past 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 5 thousand shares were bought and sold for approximately $44.54 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 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 10.29% during the next 3 months and, with a 90% probability hold a price between $9.38 and $10.73 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 6.84%. 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 $8.93 and $8.96. A break-up above any of these levels will issue buy signals. 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 Accor S.A. ADR stock
Accor S.A. ADR finds support from accumulated volume at $8.80 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.165 between high and low, or 1.89%. For the last week the stock has had daily average volatility of 1.84%.
Our recommended stop-loss: $8.53 (-4.21%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (ACCYY) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Accor S.A. ADR to open at $8.86, and during the day (based on 14 day Average True Range), to move between $8.75 and $9.07, which gives a possible trading interval of +/-$0.162 (+/-1.82%) 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 3.63% 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 (1.23%) than the support at $8.80 (1.23%), 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?
Accor S.A. ADR holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.384 Hold/Accumulate Upgraded
Predicted Opening Price for Accor S.A. ADR of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $8.86 ( 0.617%) | $8.91 |
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 | 9.02 | 1.23 % | |
| R2 | 8.96 | 0.527 % | ||
| R1 | 8.92 | 0.0901 % | ||
| Current price: | 8.91 | |||
| Support | S1 | 8.79 | -1.32 % | |
| S2 | 8.75 | -1.76 % | ||
| S3 | 8.69 | -2.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.36 | 5.05 % | |
| R2 | 9.04 | 1.46 % | ||
| R1 | 9.02 | 1.23 % | ||
| Current price | 8.91 | |||
| Support | S1 | 8.80 | -1.23% | |
| S2 | 8.51 | -4.53% | ||
| S3 | 8.50 | -4.60% |
ACCYY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2024 | Jun 05, 2024 | Jun 05, 2024 | $0.253 | 2.84% |
| 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% |
FAQ
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