Air France-KLM SA 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
Evaluation of Air France-KLM SA stock downgraded after the last trading session.
(Updated on May 31, 2024)
The Air France-KLM SA stock price gained 2.20% on the last trading day (Friday, 31st May 2024), rising from 10.25€ to 10.48€. During the last trading day the stock fluctuated 3.59% from a day low at 10.16€ to a day high of 10.53€. The price has risen in 6 of the last 10 days but is still down by -0.8% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 411 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately 15.49€ million.
The stock lies in the middle of a wide and weak 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 8.99% during the next 3 months and, with a 90% probability hold a price between 10.60€ and 12.52€ at the end of this 3-month period.
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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 10.39€ and 10.20€. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 -7.18%. 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 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 0.365€ between high and low, or 3.59%. For the last week, the stock has had daily average volatility of 2.68%.
Our recommended stop-loss: 9.84€ (-6.07%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 33 days ago.)
Trading Expectations (AF.PA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Air France-KLM SA to open at 10.39€, and during the day (based on 14 day Average True Range), to move between 10.16€ and 10.79€, which gives a possible trading interval of +/-0.312€ (+/-2.98%) 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 5.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 10.52€ (0.43%) than the support at 9.98€ (4.69%), 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: 0.220 Hold/Accumulate Downgraded
Predicted Opening Price for Air France-KLM SA of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 10.39€ ( 0.84%) | 10.48€ |
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 | 10.75 | 2.64 % | |
| R2 | 10.61 | 1.31 % | ||
| R1 | 10.53 | 0.488 % | ||
| Current price: | 10.48 | |||
| Support | S1 | 10.25 | -2.17 % | |
| S2 | 10.16 | -3.00 % | ||
| S3 | 10.02 | -4.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.29 | 7.73 % | |
| R2 | 10.94 | 4.44 % | ||
| R1 | 10.52 | 0.430 % | ||
| Current price | 10.48 | |||
| Support | S1 | 9.98 | -4.69% | |
| S2 | 9.83 | -6.15% | ||
| S3 | 9.62 | -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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