Enertime SA Stock Forecast
Big movements in Enertime SA stock price on Friday moving 13.58% between high and low
(Updated on Jun 14, 2024)
The Enertime SA stock price fell by -6.06% on the last day (Friday, 14th Jun 2024) from 0.330€ to 0.310€. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 13.58% from a day low at 0.295€ to a day high of 0.335€. The price has fallen in 6 of the last 10 days and is down by -6.06% for this period. Volume has increased on the last day by 96 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, 175 thousand shares were bought and sold for approximately 54.30€ thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -27.58% during the next 3 months and, with a 90% probability hold a price between 0.163€ and 0.269€ 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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ALENE.PA Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has risen 6.35%. 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 Enertime 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 0.342€ and 0.356€. 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). Enertime 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 Enertime SA stock
On the downside, the stock finds support just below today's level from accumulated volume at 0.292€. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at € may give a huge drop in the stock price.
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 0.0400€ between high and low, or 13.58%. For the last week, the stock has had daily average volatility of 9.73%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALENE.PA) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Enertime SA to open at 0.313€, and during the day (based on 14 day Average True Range), to move between 0.281€ and 0.339€, which gives a possible trading interval of +/-0.0293€ (+/-9.47%) up or down from last closing price. If Enertime SA takes out the full calculated possible swing range there will be an estimated 18.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 0.320€ (3.23%) than the support at 0.292€ (5.97%), 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 Enertime SA stock A Buy?
Enertime SA holds several negative signals and is within a very 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.
Current score: -3.417 Sell Candidate Unchanged
Predicted Opening Price for Enertime SA of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| 0.313€ ( 0.97%) | 0.310€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALENE.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.353 | 13.87% |
| R2 | 0.338 | 8.94% |
| R1 | 0.328 | 5.90% |
| Price | 0.310 | |
| S1 | 0.298 | -3.96% |
| S2 | 0.288 | -7.01% |
| S3 | 0.273 | -11.94% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.358 | 15.48% |
| R2 | 0.348 | 12.26% |
| R1 | 0.320 | 3.23% |
| Price | 0.310 | |
| S1 | 0.292 | -5.97% |
| S2 | 0 | - |
| S3 | 0 | - |
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