IntegraGen SA Stock Forecast
IntegraGen SA stock upgraded to Hold/Accumulate.
(Updated on May 24, 2024)
The IntegraGen SA stock price gained 2.21% on the last trading day (Friday, 24th May 2024), rising from 0.680€ to 0.695€. During the last trading day the stock fluctuated 5.30% from a day low at 0.660€ to a day high of 0.695€. The price has fallen in 5 of the last 10 days but is still up by 0.72% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 160 more shares were traded than the day before. In total, 7 thousand shares were bought and sold for approximately 4.63€ thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 0.708€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -14.96% during the next 3 months and, with a 90% probability hold a price between 0.464€ and 0.602€ 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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ALINT.PA Signals & Forecast
The IntegraGen SA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 0.664€ and 0.661€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). IntegraGen SA 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. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -4.79%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for IntegraGen SA stock
IntegraGen SA finds support from accumulated volume at 0.680€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 0.0350€ between high and low, or 5.30%. For the last week, the stock has had daily average volatility of 8.51%.
Our recommended stop-loss: 0.663€ (-4.55%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (ALINT.PA) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect IntegraGen SA to open at 0.683€, and during the day (based on 14 day Average True Range), to move between 0.655€ and 0.735€, which gives a possible trading interval of +/-0.0396€ (+/-5.70%) up or down from last closing price. If IntegraGen SA takes out the full calculated possible swing range there will be an estimated 11.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 0.700€ (0.72%) than the support at 0.680€ (2.16%), 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 IntegraGen SA stock A Buy?
IntegraGen SA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.455 Hold/Accumulate Upgraded
Predicted Opening Price for IntegraGen SA of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| 0.683€ ( 1.68%) | 0.695€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALINT.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.718 | 3.36 % | |
| R2 | 0.705 | 1.43 % | ||
| R1 | 0.697 | 0.245 % | ||
| Current price: | 0.695 | |||
| Support | S1 | 0.670 | -3.60 % | |
| S2 | 0.662 | -4.79 % | ||
| S3 | 0.648 | -6.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.745 | 7.19 % | |
| R2 | 0.730 | 5.04 % | ||
| R1 | 0.700 | 0.719 % | ||
| Current price | 0.695 | |||
| Support | S1 | 0.680 | -2.16% | |
| S2 | 0.654 | -5.90% | ||
| S3 | 0.600 | -13.67% |
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