Global Bioenergies S.A. Stock Forecast
Green day on Monday for Global Bioenergies S.A. stock after gaining 0.656%
(Updated on May 20, 2024)
The Global Bioenergies S.A. stock price gained 0.656% on the last trading day (Monday, 20th May 2024), rising from 1.83€ to 1.84€. During the last trading day the stock fluctuated 1.20% from a day low at 1.83€ to a day high of 1.85€. The price has risen in 5 of the last 10 days but is still down by -0.11% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 282 more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately 8.83€ thousand.
The stock lies in the middle of a 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 -3.50% during the next 3 months and, with a 90% probability hold a price between 1.67€ and 1.83€ 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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ALGBE.PA Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Global Bioenergies S.A. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Global Bioenergies S.A. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 1.87€. On a fall, the stock will find some support from the short-term average at 1.84€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -3.56%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Global Bioenergies S.A. stock
Global Bioenergies S.A. finds support from accumulated volume at 1.84€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.0220€ between high and low, or 1.20%. For the last week the stock has had daily average volatility of 2.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALGBE.PA) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Global Bioenergies S.A. to open at 1.84€, and during the day (based on 14 day Average True Range), to move between 1.79€ and 1.90€, which gives a possible trading interval of +/-0.0570€ (+/-3.09%) up or down from last closing price. If Global Bioenergies S.A. takes out the full calculated possible swing range there will be an estimated 6.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 1.84€ (0.11%) than the resistance at 1.91€ (3.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Global Bioenergies S.A. stock A Buy?
Global Bioenergies S.A. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.452 Sell Candidate Unchanged
Predicted Opening Price for Global Bioenergies S.A. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| 1.84€ ( 0.0362%) | 1.84€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALGBE.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.86 | 1.16 % | |
| R2 | 1.85 | 0.702 % | ||
| R1 | 1.85 | 0.420 % | ||
| Current price: | 1.84 | |||
| Support | S1 | 1.83 | -0.492 % | |
| S2 | 1.83 | -0.774 % | ||
| S3 | 1.82 | -1.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.02 | 9.66 % | |
| R2 | 1.95 | 5.65 % | ||
| R1 | 1.91 | 3.58 % | ||
| Current price | 1.84 | |||
| Support | S1 | 1.84 | -0.109% | |
| S2 | 1.84 | -0.217% | ||
| S3 | 1.82 | -1.19% |
FAQ
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