Drone Volt SA Stock Forecast
Drone Volt SA stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The Drone Volt SA stock price fell by -1.27% on the last day (Thursday, 25th Apr 2024) from 0.0079€ to 0.0078€. During the last trading day the stock fluctuated 3.95% from a day low at 0.0076€ to a day high of 0.0079€. The price has fallen in 4 of the last 10 days but is still up by 1.3% over the past 2 weeks. Volume has increased on the last day by 5 million 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, 6 million shares were bought and sold for approximately 46.13€ thousand.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 0.0079€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -19.57% during the next 3 months and, with a 90% probability hold a price between 0.0053€ and 0.0063€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ALDRV.PA Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 8.33%. Further rise is indicated until a new top pivot has been found. 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. The Drone Volt 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 0.0079€ and 0.0080€. A break-up above any of these levels will issue buy signals. Drone Volt SA 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Drone Volt SA stock
Drone Volt SA finds support from accumulated volume at 0.0077€ 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.0003€ between high and low, or 3.95%. For the last week, the stock has had daily average volatility of 4.38%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALDRV.PA) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Drone Volt SA to open at 0.0078€, and during the day (based on 14 day Average True Range), to move between 0.0074€ and 0.0082€, which gives a possible trading interval of +/-0.0004€ (+/-5.41%) up or down from last closing price. If Drone Volt SA takes out the full calculated possible swing range there will be an estimated 10.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 0.0077€ (1.28%) than the resistance at 0.0080€ (2.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Drone Volt SA stock A Buy?
Drone Volt SA holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.737 Sell Candidate Downgraded
Predicted Opening Price for Drone Volt SA of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| 0.0078€ ( 0.427%) | 0.0078€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALDRV.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0081 | 3.42 % | |
| R2 | 0.0080 | 1.95 % | ||
| R1 | 0.0079 | 1.04 % | ||
| Current price: | 0.0078 | |||
| Support | S1 | 0.0077 | -1.90 % | |
| S2 | 0.0076 | -2.80 % | ||
| S3 | 0.0075 | -4.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0090 | 15.38 % | |
| R2 | 0.0089 | 14.10 % | ||
| R1 | 0.0080 | 2.56 % | ||
| Current price | 0.0078 | |||
| Support | S1 | 0.0077 | -1.28% | |
| S2 | 0.0076 | -2.56% | ||
| S3 | 0.0073 | -6.41% |
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