Ecoslops S.A. Stock Forecast
Ecoslops S.A. stock price fell more than -5.93% Monday closing at 0.762€
(Updated on Jun 17, 2024)
The Ecoslops S.A. stock price fell by -5.93% on the last day (Monday, 17th Jun 2024) from 0.81€ to 0.762€. During the last trading day the stock fluctuated 6.58% from a day low at 0.760€ to a day high of 0.81€. The price has fallen in 5 of the last 10 days and is down by -9.29% 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 -2 thousand shares and in total, 7 thousand shares were bought and sold for approximately 5.56€ thousand.
The stock has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at 0.784€. A reaction back to this level may hold a second chance to get out before further falls.
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ALESA.PA Signals & Forecast
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 Ecoslops S.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 0.89€ and 0.780€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -22.09%. Further fall is indicated until a new bottom pivot has been found. 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ecoslops S.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at 0.700€ and 0.674€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Ecoslops S.A. finds support just below today's level at 0.700€. If this is broken, then the next support from accumulated volume will be at 0.674€ and 0.660€.
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 0.0500€ between high and low, or 6.58%. For the last week the stock has had daily average volatility of 5.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALESA.PA) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Ecoslops S.A. to open at 0.777€, and during the day (based on 14 day Average True Range), to move between 0.716€ and 0.81€, which gives a possible trading interval of +/-0.0463€ (+/-6.08%) up or down from last closing price. If Ecoslops S.A. takes out the full calculated possible swing range there will be an estimated 12.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 0.782€ (2.62%) than the support at 0.700€ (8.14%), 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 Ecoslops S.A. stock A Buy?
The Ecoslops S.A. stock holds several negative signals and despite the positive trend, we believe Ecoslops S.A. will perform weakly in the next couple of days or weeks. Therefore, we 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 Strong Sell candidate.
Current score: -6.056 Strong Sell Candidate Downgraded
Predicted Opening Price for Ecoslops S.A. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| 0.777€ ( 2.01%) | 0.762€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALESA.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.83 | 8.57% |
| R2 | 0.81 | 6.07% |
| R1 | 0.796 | 4.52% |
| Price | 0.762 | |
| S1 | 0.758 | -0.494% |
| S2 | 0.746 | -2.04% |
| S3 | 0.727 | -4.55% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.81 | 6.30% |
| R2 | 0.80 | 4.99% |
| R1 | 0.782 | 2.62% |
| Price | 0.762 | |
| S1 | 0.700 | -8.14% |
| S2 | 0.674 | -11.55% |
| S3 | 0.660 | -13.39% |
FAQ
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