Bilendi SA Stock Forecast
Red day on Thursday for Bilendi SA
(Updated on Jun 27, 2024)
The Bilendi SA stock price fell by -1.15% on the last day (Thursday, 27th Jun 2024) from 17.45€ to 17.25€. During the last trading day the stock fluctuated 1.75% from a day low at 17.15€ to a day high of 17.45€. The price has fallen in 5 of the last 10 days and is down by -7.26% for this period. 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 -4 thousand shares and in total, 11 thousand shares were bought and sold for approximately 188.65€ thousand.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 17.17€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.42% during the next 3 months and, with a 90% probability hold a price between 18.27€ and 21.61€ at the end of this 3-month period.
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ALBLD.PA Signals & Forecast
There are few to no technical positive signals at the moment. The Bilendi 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 17.59€ and 17.78€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -9.21%. Further fall is indicated until a new bottom pivot has been found. 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 stock had a Golden Star Signal on Wednesday, May 22, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, May 22, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Bilendi SA stock
Bilendi SA finds support from accumulated volume at 17.00€ 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 0.300€ between high and low, or 1.75%. For the last week the stock has had daily average volatility of 1.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALBLD.PA) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Bilendi SA to open at 17.28€, and during the day (based on 14 day Average True Range), to move between 16.82€ and 17.68€, which gives a possible trading interval of +/-0.431€ (+/-2.50%) up or down from last closing price. If Bilendi SA takes out the full calculated possible swing range there will be an estimated 5.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 17.45€ (1.16%) than the support at 17.00€ (1.45%), 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 Bilendi SA stock A Buy?
The Bilendi SA stock holds several negative signals and despite the positive trend, we believe Bilendi SA will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.391 Sell Candidate Unchanged
Predicted Opening Price for Bilendi SA of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 17.28€ ( 0.193%) | 17.25€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALBLD.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.58 | 1.93% |
| R2 | 17.47 | 1.27% |
| R1 | 17.40 | 0.86% |
| Price | 17.25 | |
| S1 | 17.17 | -0.471% |
| S2 | 17.10 | -0.88% |
| S3 | 16.98 | -1.55% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.65 | 8.12% |
| R2 | 18.50 | 7.25% |
| R1 | 17.45 | 1.16% |
| Price | 17.25 | |
| S1 | 17.00 | -1.45% |
| S2 | 15.35 | -11.01% |
| S3 | 14.84 | -13.97% |
FAQ
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