Arkema S.A. Stock Forecast

Arkema S.A. stock price down 2.34% on Friday
(Updated on May 17, 2024)

AKE.PA Signals & Forecast

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 Arkema S.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 98.33€ and 97.87€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -5.51%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Arkema S.A. stock

Arkema S.A. finds support from accumulated volume at 95.76€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 1.80€ between high and low, or 1.91%. For the last week the stock has had daily average volatility of 1.58%.

Our recommended stop-loss: 91.95€ (-4.32%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (AKE.PA) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Arkema S.A. to open at 95.57€, and during the day (based on 14 day Average True Range), to move between 93.86€ and 98.34€, which gives a possible trading interval of +/-2.24€ (+/-2.33%) up or down from last closing price. If Arkema S.A. takes out the full calculated possible swing range there will be an estimated 4.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 95.76€ (0.35%) than the resistance at 97.80€ (1.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Arkema S.A. stock A Buy?

Arkema S.A. 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.

Current score: -0.691 Hold/Accumulate Unchanged

Predicted Opening Price for Arkema S.A. of Monday, May 20, 2024

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