Embotelladora Andina S.A. Stock Forecast

Big movements in Embotelladora Andina S.A. stock price on Friday moving 13.81% between high and low
(Updated on May 17, 2024)

AKO-A 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 Embotelladora Andina 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 $14.24 and $13.33. 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 14, 2024, and so far it has fallen -11.30%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

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

Embotelladora Andina S.A. finds support from accumulated volume at $12.95 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $1.81 between high and low, or 13.81%. For the last week the stock has had daily average volatility of 4.92%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (AKO-A) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Embotelladora Andina S.A. to open at $13.70, and during the day (based on 14 day Average True Range), to move between $12.52 and $13.68, which gives a possible trading interval of +/-$0.582 (+/-4.45%) up or down from last closing price. If Embotelladora Andina S.A. takes out the full calculated possible swing range there will be an estimated 8.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $13.18 (0.60%) than the support at $12.95 (1.15%), 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 Embotelladora Andina S.A. stock A Buy?

The Embotelladora Andina S.A. stock holds several negative signals and despite the positive trend, we believe Embotelladora Andina S.A. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Sell candidate.

Current score: -4.344 Sell Candidate Downgraded

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

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