I2S SA Stock Forecast
I2S SA stock price down 2.86% on Thursday
(Updated on Jun 27, 2024)
The I2S SA stock price fell by -2.86% on the last day (Thursday, 27th Jun 2024) from 7.00€ to 6.80€. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.94% from a day low at 6.80€ to a day high of 7.00€. The price has been going up and down for this period, and there has been a -4.9% loss for the last 2 weeks. Volume has increased on the last day by 251 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, 351 shares were bought and sold for approximately 2.39€ thousand.
The stock has broken the wide and weak 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 7.24€. A reaction back to this level may hold a second chance to get out before further falls.
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ALI2S.PA Signals & Forecast
There are few to no technical positive signals at the moment. The I2S 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 7.52€ and 7.53€. 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 24, 2024, and so far it has fallen -13.38%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). I2S 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 I2S SA stock
I2S SA finds support from accumulated volume at 6.75€ 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 0.200€ between high and low, or 2.94%. For the last week, the stock has had daily average volatility of 0.588%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALI2S.PA) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect I2S SA to open at 6.87€, and during the day (based on 14 day Average True Range), to move between 6.63€ and 6.97€, which gives a possible trading interval of +/-0.170€ (+/-2.51%) up or down from last closing price. If I2S SA takes out the full calculated possible swing range there will be an estimated 5.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 6.75€ (0.74%) than the resistance at 7.30€ (7.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is I2S SA stock A Buy?
The I2S SA stock holds several negative signals and despite the positive trend, we believe I2S SA will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.750 Sell Candidate Unchanged
Predicted Opening Price for I2S SA of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
6.87€ ( 0.98%) | 6.80€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALI2S.PA
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 7.07 | 3.92% |
R2 | 6.99 | 2.80% |
R1 | 6.94 | 2.10% |
Price | 6.80 | |
S1 | 6.79 | -0.143% |
S2 | 6.74 | -0.84% |
S3 | 6.67 | -1.96% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 7.60 | 11.76% |
R2 | 7.40 | 8.82% |
R1 | 7.30 | 7.35% |
Price | 6.80 | |
S1 | 6.75 | -0.735% |
S2 | 6.70 | -1.47% |
S3 | 0 | - |
ALI2S Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 25, 2024 | Jun 25, 2024 | Jun 27, 2024 | 0.140€ | 2.06% |
2 | May 30, 2024 | May 30, 2024 | Jun 03, 2024 | 0.140€ | 1.79% |
3 | Jun 28, 2023 | Jun 28, 2023 | Jun 28, 2023 | 0.0690€ | 1.11% |
4 | Jun 22, 2023 | Jun 22, 2023 | Jun 22, 2023 | 0.140€ | 2.26% |
5 | Sep 06, 2022 | Sep 06, 2022 | Sep 06, 2022 | 0.140€ | 2.20% |
FAQ
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