Bilendi SA Stock Forecast

Bilendi SA stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)

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 17.52€ and 17.80€. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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 17.10€ 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 0.0500€ between high and low, or 0.290%. For the last week the stock has had daily average volatility of 1.57%.

Our recommended stop-loss: 16.15€ (-6.40%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 57 days ago.)

Trading Expectations (ALBLD.PA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Bilendi SA to open at 17.27€, and during the day (based on 14 day Average True Range), to move between 16.85€ and 17.65€, which gives a possible trading interval of +/-0.404€ (+/-2.34%) up or down from last closing price. If Bilendi SA takes out the full calculated possible swing range there will be an estimated 4.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 17.10€ (0.87%) than the resistance at 17.45€ (1.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Bilendi SA stock A Buy?

Bilendi SA holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.297 Hold/Accumulate Upgraded

Predicted Opening Price for Bilendi SA of Monday, July 1, 2024

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