Air France-KLM SA Stock Forecast
Weaker technical forecast for Air France-KLM SA as stock downgraded to Hold/Accumulate.
(Updated on May 09, 2024)
The Air France-KLM SA stock price fell by -1.00% on the last day (Thursday, 9th May 2024) from 10.46€ to 10.35€. During the last trading day the stock fluctuated 2.25% from a day low at 10.22€ to a day high of 10.45€. The price has been going up and down for this period, and there has been a 3.87% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 1 million shares were bought and sold for approximately 14.33€ million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.28% during the next 3 months and, with a 90% probability hold a price between 7.95€ and 9.65€ 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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AF.PA Signals & Forecast
The Air France-KLM 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 10.06€ and 9.87€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 12.33%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Air France-KLM SA stock
Air France-KLM SA finds support from accumulated volume at 9.98€ 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 0.230€ between high and low, or 2.25%. For the last week, the stock has had daily average volatility of 3.58%.
Our recommended stop-loss: 9.82€ (-5.08%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (AF.PA) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Air France-KLM SA to open at 10.34€, and during the day (based on 14 day Average True Range), to move between 9.98€ and 10.72€, which gives a possible trading interval of +/-0.366€ (+/-3.54%) up or down from last closing price. If Air France-KLM SA takes out the full calculated possible swing range there will be an estimated 7.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 10.43€ (0.73%) than the support at 9.98€ (3.54%), 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 Air France-KLM SA stock A Buy?
Air France-KLM SA 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.962 Hold/Accumulate Downgraded
Predicted Opening Price for Air France-KLM SA of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| 10.34€ ( 0.0966%) | 10.35€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AF.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.57 | 2.13 % | |
| R2 | 10.48 | 1.28 % | ||
| R1 | 10.43 | 0.752 % | ||
| Current price: | 10.35 | |||
| Support | S1 | 10.25 | -0.95 % | |
| S2 | 10.20 | -1.47 % | ||
| S3 | 10.11 | -2.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.07 | 6.92 % | |
| R2 | 10.46 | 1.01 % | ||
| R1 | 10.43 | 0.734 % | ||
| Current price | 10.35 | |||
| Support | S1 | 9.98 | -3.54% | |
| S2 | 9.83 | -5.01% | ||
| S3 | 9.62 | -7.01% |
AF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 22, 2008 | Jul 14, 2008 | Jul 17, 2008 | 0.293€ | 0.382% |
| 2 | May 24, 2007 | Jul 18, 2007 | Jul 18, 2007 | 0.242€ | 0.143% |
| 3 | May 18, 2006 | Jul 18, 2006 | Jul 18, 2006 | 0.151€ | 0.169% |
| 4 | May 19, 2005 | Jul 19, 2005 | Jul 19, 2005 | 0.0757€ | 0.111% |
| 5 | Jul 18, 2005 | Jul 18, 2005 | Jul 18, 2005 | 31.89€ | 47.44% |
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