Keyrus S.A. Stock Forecast
Green day on Tuesday for Keyrus S.A.
(Updated on Jun 25, 2024)
The Keyrus S.A. stock price gained 3.57% on the last trading day (Tuesday, 25th Jun 2024), rising from 8.40€ to 8.70€. During the last trading day the stock fluctuated 3.57% from a day low at 8.40€ to a day high of 8.70€. The price has fallen in 7 of the last 10 days and is down by -12.12% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 862 more shares were traded than the day before. In total, 899 shares were bought and sold for approximately 7.82€ thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 8.10€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 33.02% during the next 3 months and, with a 90% probability hold a price between 10.77€ and 16.93€ at the end of this 3-month period.
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ALKEY.PA Signals & Forecast
The Keyrus S.A. 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 8.57€ and 8.43€. A breakdown below any of these levels will issue sell signals. Keyrus 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. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -27.50%. 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).
Support, Risk & Stop-loss for Keyrus S.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at 7.02€ and 7.00€. 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, Keyrus S.A. finds support just below today's level at 7.02€. If this is broken, then the next support from accumulated volume will be at 7.00€ and 6.98€.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved 0.300€ between high and low, or 3.57%. For the last week, the stock has had daily average volatility of 5.28%.
Keyrus S.A. is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: 8.12€ (-6.62%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 19 which reduces the risk some. There is a sell signal from a pivot top found 33 days ago.)
Trading Expectations (ALKEY.PA) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Keyrus S.A. to open at 8.60€, and during the day (based on 14 day Average True Range), to move between 8.15€ and 9.25€, which gives a possible trading interval of +/-0.551€ (+/-6.33%) up or down from last closing price. If Keyrus S.A. takes out the full calculated possible swing range there will be an estimated 12.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 9.02€ (3.68%) than the support at 7.02€ (19.31%), 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 Keyrus S.A. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Keyrus S.A. stock to perform well in the short-term.
Current score: 2.201 Buy Candidate Unchanged
Predicted Opening Price for Keyrus S.A. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 8.60€ ( 1.15%) | 8.70€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALKEY.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.90 | 2.30% |
| R2 | 8.79 | 0.98% |
| R1 | 8.71 | 0.168% |
| Price | 8.70 | |
| S1 | 8.49 | -2.47% |
| S2 | 8.41 | -3.28% |
| S3 | 8.30 | -4.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.50 | 20.69% |
| R2 | 9.70 | 11.49% |
| R1 | 9.02 | 3.68% |
| Price | 8.70 | |
| S1 | 7.02 | -19.31% |
| S2 | 7.00 | -19.54% |
| S3 | 6.98 | -19.77% |
FAQ
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