Hybrigenics Société Anonyme Stock Forecast

Volatile ride for Hybrigenics Société Anonyme stock price on Friday moving between 0.0094€ and 0.0130€
(Updated on Jun 14, 2024)

ALHYG.PA Signals & Forecast

The Hybrigenics Société Anonyme stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 0.0101€. On a fall, the stock will find some support from the long-term average at approximately 0.0098€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -17.50%. Further fall is indicated until a new bottom pivot has been found. Hybrigenics Société Anonyme 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".

Support, Risk & Stop-loss for Hybrigenics Société Anonyme stock

Hybrigenics Société Anonyme finds support from accumulated volume at 0.0095€ 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 0.0036€ between high and low, or 38.30%. For the last week, the stock has had daily average volatility of 32.88%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ALHYG.PA) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Hybrigenics Société Anonyme to open at 0.0108€, and during the day (based on 14 day Average True Range), to move between 0.0084€ and 0.0114€, which gives a possible trading interval of +/-0.0015€ (+/-14.81%) up or down from last closing price. If Hybrigenics Société Anonyme takes out the full calculated possible swing range there will be an estimated 29.62% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 0.0101€ (2.02%) than the support at 0.0095€ (4.04%), 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 Hybrigenics Société Anonyme stock A Buy?

Hybrigenics Société Anonyme 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: -3.117 Sell Candidate Unchanged

Predicted Opening Price for Hybrigenics Société Anonyme of Monday, June 17, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.