Air France-KLM SA Stock Forecast
Air France-KLM SA stock price up 1.33% on Monday
(Updated on May 20, 2024)
The Air France-KLM SA stock price gained 1.33% on the last trading day (Monday, 20th May 2024), rising from 10.56€ to 10.70€. During the last trading day the stock fluctuated 1.94% from a day low at 10.58€ to a day high of 10.79€. The price has been going up and down for this period, and there has been a 6.26% gain for the last 2 weeks. Volume fell on the last day by -432 thousand shares and in total, 885 thousand shares were bought and sold for approximately 9.47€ million. 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 is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Air France-KLM SA stock with a 90% probability to be traded between 9.05€ and 11.14€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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AF.PA Signals & Forecast
The Air France-KLM SA stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 10.82€. On a fall, the stock will find some support from the long-term average at approximately 10.07€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Tuesday, May 14, 2024, and so far it has fallen -5.18%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Air France-KLM SA stock
Air France-KLM SA finds support from accumulated volume at 10.43€ 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 0.205€ between high and low, or 1.94%. For the last week, the stock has had daily average volatility of 3.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AF.PA) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Air France-KLM SA to open at 10.69€, and during the day (based on 14 day Average True Range), to move between 10.34€ and 11.06€, which gives a possible trading interval of +/-0.362€ (+/-3.38%) 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 6.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 10.94€ (2.24%) than the support at 10.43€ (2.56%), 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 negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.812 Sell Candidate Unchanged
Predicted Opening Price for Air France-KLM SA of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| 10.69€ ( 0.109%) | 10.70€ |
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 | 10.89 | 1.81 % | |
| R2 | 10.82 | 1.07 % | ||
| R1 | 10.77 | 0.623 % | ||
| Current price: | 10.70 | |||
| Support | S1 | 10.61 | -0.84 % | |
| S2 | 10.56 | -1.29 % | ||
| S3 | 10.48 | -2.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.76 | 9.87 % | |
| R2 | 11.29 | 5.47 % | ||
| R1 | 10.94 | 2.24 % | ||
| Current price | 10.70 | |||
| Support | S1 | 10.43 | -2.56% | |
| S2 | 9.98 | -6.69% | ||
| S3 | 9.83 | -8.12% |
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% |
FAQ
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