Groupe Actiplay SA Stock Forecast

High volatility in Groupe Actiplay SA stock price on Thursday which ended trading at 0.98€
(Updated on May 16, 2024)

ALACT.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 Groupe Actiplay SA stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 2.31€. On a fall, the stock will find some support from the short-term average at 0.87€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -13.86%. 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.

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 0.84€ and 0.80€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Groupe Actiplay SA finds support just below today's level at 0.84€. If this is broken, then the next support from accumulated volume will be at 0.80€ and 0.756€.

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 0.200€ between high and low, or 21.74%. For the last week the stock has had daily average volatility of 24.06%.

The Groupe Actiplay SA stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.

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 17th

For the upcoming trading day on Friday, 17th we expect Groupe Actiplay SA to open at 1.01€, and during the day (based on 14 day Average True Range), to move between 0.700€ and 1.26€, which gives a possible trading interval of +/-0.282€ (+/-28.72%) up or down from last closing price. If Groupe Actiplay SA takes out the full calculated possible swing range there will be an estimated 57.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 0.84€ (14.46%) than the resistance at 1.14€ (16.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Groupe Actiplay SA stock A Buy?

Groupe Actiplay 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.614 Strong Sell Candidate Downgraded

Predicted Opening Price for Groupe Actiplay SA of Friday, May 17, 2024

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