Sidetrade SA Stock Forecast
Sidetrade SA stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 31, 2024)
The Sidetrade SA stock price fell by -4.27% on the last day (Friday, 31st May 2024) from 199.00€ to 190.50€. During the last trading day the stock fluctuated 3.41% from a day low at 190.50€ to a day high of 197.00€. The price has risen in 6 of the last 10 days and is up by 10.43% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 thousand shares and in total, 1 thousand shares were bought and sold for approximately 211.65€ thousand.
The stock lies in the middle of a wide and strong 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 16.32% during the next 3 months and, with a 90% probability hold a price between 192.58€ and 232.02€ at the end of this 3-month period.
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ALBFR.PA Signals & Forecast
The Sidetrade 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 183.36€ and 169.49€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 30, 2024, and so far it has fallen -4.27%. 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 Sidetrade SA stock
Sidetrade SA finds support from accumulated volume at 189.00€ 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 6.50€ between high and low, or 3.41%. For the last week the stock has had daily average volatility of 4.24%.
Our recommended stop-loss: 183.23€ (-3.82%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (ALBFR.PA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Sidetrade SA to open at 192.67€, and during the day (based on 14 day Average True Range), to move between 186.09€ and 194.91€, which gives a possible trading interval of +/-4.41€ (+/-2.31%) up or down from last closing price. If Sidetrade SA takes out the full calculated possible swing range there will be an estimated 4.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 189.00€ (0.79%) than the resistance at 199.00€ (4.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sidetrade SA stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Sidetrade SA stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.743 Buy Candidate Upgraded
Predicted Opening Price for Sidetrade SA of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 192.67€ ( 1.14%) | 190.50€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALBFR.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 199.17 | 4.55 % | |
| R2 | 196.68 | 3.25 % | ||
| R1 | 195.15 | 2.44 % | ||
| Current price: | 190.50 | |||
| Support | S1 | 190.18 | -0.166 % | |
| S2 | 188.65 | -0.97 % | ||
| S3 | 186.17 | -2.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 199.00 | 4.46 % | ||
| Current price | 190.50 | |||
| Support | S1 | 189.00 | -0.787% | |
| S2 | 163.00 | -14.44% | ||
| S3 | 160.50 | -15.75% |
ALBFR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 21, 2016 | Jun 30, 2016 | Jul 04, 2016 | 0.550€ | 1.77% |
| 2 | Apr 28, 2015 | Jul 01, 2015 | Jul 01, 2015 | 0.600€ | 1.86% |
| 3 | Apr 29, 2014 | Jul 01, 2014 | Jul 01, 2014 | 0.90€ | 2.73% |
| 4 | Apr 30, 2013 | Jun 25, 2013 | Jun 28, 2013 | 0.90€ | 3.80% |
| 5 | Apr 30, 2012 | Jun 26, 2012 | Jun 29, 2012 | 0.90€ | 3.60% |
FAQ
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