Carbios SAS Stock Forecast
Red day on Tuesday for Carbios SAS
(Updated on Jun 25, 2024)
The Carbios SAS stock price fell by -2.48% on the last day (Tuesday, 25th Jun 2024) from 20.20€ to 19.70€. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.81% from a day low at 19.60€ to a day high of 20.15€. The price has fallen in 7 of the last 10 days and is down by -12.44% for this period. Volume has increased on the last day by 31 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 61 thousand shares were bought and sold for approximately 1.19€ million.
The stock lies in the lower part of a very 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 19.35€ 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 3.91% during the next 3 months and, with a 90% probability hold a price between 20.10€ and 27.16€ at the end of this 3-month period.
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ALCRB.PA Signals & Forecast
There are few to no technical positive signals at the moment. The Carbios SAS 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 20.77€ and 23.12€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 27, 2024, and so far it has fallen -23.64%. 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). Carbios SAS gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Carbios SAS stock
Carbios SAS finds support from accumulated volume at 19.64€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 0.550€ between high and low, or 2.81%. For the last week, the stock has had daily average volatility of 4.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALCRB.PA) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Carbios SAS to open at 19.82€, and during the day (based on 14 day Average True Range), to move between 18.70€ and 20.70€, which gives a possible trading interval of +/-1.00€ (+/-5.08%) up or down from last closing price. If Carbios SAS takes out the full calculated possible swing range there will be an estimated 10.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 19.64€ (0.30%) than the resistance at 20.70€ (5.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Carbios SAS stock A Buy?
The Carbios SAS stock holds several negative signals and despite the positive trend, we believe Carbios SAS will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.166 Sell Candidate Unchanged
Predicted Opening Price for Carbios SAS of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 19.82€ ( 0.592%) | 19.70€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALCRB.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.37 | 3.38% |
| R2 | 20.16 | 2.32% |
| R1 | 20.03 | 1.66% |
| Price | 19.70 | |
| S1 | 19.61 | -0.474% |
| S2 | 19.48 | -1.13% |
| S3 | 19.27 | -2.20% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.90 | 16.24% |
| R2 | 21.00 | 6.60% |
| R1 | 20.70 | 5.08% |
| Price | 19.70 | |
| S1 | 19.64 | -0.305% |
| S2 | 18.76 | -4.77% |
| S3 | 18.70 | -5.08% |
FAQ
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