Atos Origin Sa Unsp Adr Stock Forecast

On Thursday, Atos Origin Sa Unsp Adr stock price gained an impressive 5.24%
(Updated on May 02, 2024)

AEXAY Signals & Forecast

The Atos Origin Sa Unsp Adr 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 $0.414 and $0.409. A breakdown below any of these levels will issue sell signals. Atos Origin Sa Unsp Adr has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Monday, April 29, 2024, and so far it has fallen -12.83%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Atos Origin Sa Unsp Adr stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.393 and $0.369. 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, Atos Origin Sa Unsp Adr finds support just below today's level at $0.393. If this is broken, then the next support from accumulated volume will be at $0.369 and $0.343.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0200 between high and low, or 4.65%. For the last week, the stock has had daily average volatility of 2.07%.

Our recommended stop-loss: $0.405 (-5.88%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (AEXAY) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Atos Origin Sa Unsp Adr to open at $0.437, and during the day (based on 14 day Average True Range), to move between $0.398 and $0.462, which gives a possible trading interval of +/-$0.0322 (+/-7.48%) up or down from last closing price. If Atos Origin Sa Unsp Adr takes out the full calculated possible swing range there will be an estimated 14.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.460 (6.98%) than the support at $0.393 (8.71%), 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 Atos Origin Sa Unsp Adr stock A Buy?

Atos Origin Sa Unsp Adr holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Atos Origin Sa Unsp Adr of Friday, May 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.