Carbios SAS Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Carbios SAS stock price took a fall of -6.14% on Friday
(Updated on Jun 28, 2024)
The Carbios SAS stock price fell by -6.14% on the last day (Friday, 28th Jun 2024) from 22.00€ to 20.65€. During the last trading day the stock fluctuated 7.02% from a day low at 20.65€ to a day high of 22.10€. The price has fallen in 6 of the last 10 days and is down by -0.48% 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 -31 thousand shares and in total, 37 thousand shares were bought and sold for approximately 756.64€ thousand.
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 19.46€ 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 4.25% during the next 3 months and, with a 90% probability hold a price between 20.29€ and 27.33€ at the end of this 3-month period.
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ALCRB.PA Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 4.82%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 20.79€ and 22.93€. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for Carbios SAS stock
Carbios SAS finds support from accumulated volume at 19.70€ 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 1.45€ between high and low, or 7.02%. For the last week the stock has had daily average volatility of 5.15%.
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect Carbios SAS to open at 21.13€, and during the day (based on 14 day Average True Range), to move between 19.54€ and 21.76€, which gives a possible trading interval of +/-1.11€ (+/-5.37%) up or down from last closing price. If Carbios SAS takes out the full calculated possible swing range there will be an estimated 10.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 20.70€ (0.24%) than the support at 19.70€ (4.60%), 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 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: -2.466 Sell Candidate Unchanged
Predicted Opening Price for Carbios SAS of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 21.13€ ( 2.34%) | 20.65€ |
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 | 22.58 | 9.36% |
| R2 | 22.03 | 6.68% |
| R1 | 21.69 | 5.02% |
| Price | 20.65 | |
| S1 | 20.58 | -0.342% |
| S2 | 20.24 | -2.00% |
| S3 | 19.68 | -4.68% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.90 | 10.90% |
| R2 | 21.00 | 1.69% |
| R1 | 20.70 | 0.242% |
| Price | 20.65 | |
| S1 | 19.70 | -4.60% |
| S2 | 19.64 | -4.89% |
| S3 | 18.70 | -9.44% |
FAQ
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