Groupe Actiplay SA Stock Forecast

High volatility in Groupe Actiplay SA stock price on Thursday which ended trading at 0.370€
(Updated on May 02, 2024)

ALACT.PA Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 37.04%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Groupe Actiplay SA stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 1.33€ and 3.09€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Groupe Actiplay SA stock

On the downside, the stock finds support just below today's level from accumulated volume at 0.336€. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at € may give a huge drop in the stock price.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved 0.0710€ between high and low, or 19.78%. For the last week the stock has had daily average volatility of 51.37%.

Groupe Actiplay SA is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (ALACT.PA) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Groupe Actiplay SA to open at 0.386€, and during the day (based on 14 day Average True Range), to move between -0.0073€ and 0.747€, which gives a possible trading interval of +/-0.377€ (+/-101.98%) up or down from last closing price. If Groupe Actiplay SA takes out the full calculated possible swing range there will be an estimated 203.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 0.390€ (5.41%) than the support at 0.336€ (9.19%), 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 Groupe Actiplay SA stock A Buy?

Groupe Actiplay SA holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.606 Sell Candidate Unchanged

Predicted Opening Price for Groupe Actiplay SA of Friday, May 3, 2024

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