WALLIX GROUP SA Stock Forecast
WALLIX GROUP SA stock price ended at 8.76€ on Wednesday, after losing 0.455%.
(Updated on Apr 17, 2024)
The WALLIX GROUP SA stock price fell by -0.455% on the last day (Wednesday, 17th Apr 2024) from 8.80€ to 8.76€. During the last trading day the stock fluctuated 0.686% from a day low at 8.75€ to a day high of 8.81€. The price has fallen in 5 of the last 10 days but is still up by 4.91% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 thousand shares and in total, 723 shares were bought and sold for approximately 6.33€ thousand.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 8.31€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect WALLIX GROUP SA stock with a 90% probability to be traded between 8.35€ and 11.51€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
ALLIX.PA Signals & Forecast
There are mixed signals in the stock today. The WALLIX GROUP 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 8.85€ and 9.53€. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Thursday, March 28, 2024, and so far it has risen 5.54%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for WALLIX GROUP SA stock
WALLIX GROUP SA finds support from accumulated volume at 8.72€ 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 0.0600€ between high and low, or 0.686%. 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 (ALLIX.PA) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect WALLIX GROUP SA to open at 8.77€, and during the day (based on 14 day Average True Range), to move between 8.33€ and 9.19€, which gives a possible trading interval of +/-0.431€ (+/-4.92%) up or down from last closing price. If WALLIX GROUP SA takes out the full calculated possible swing range there will be an estimated 9.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 8.72€ (0.46%) than the resistance at 8.80€ (0.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is WALLIX GROUP SA stock A Buy?
WALLIX GROUP SA 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: -1.634 Sell Candidate Unchanged
Predicted Opening Price for WALLIX GROUP SA of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| 8.77€ ( 0.152%) | 8.76€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALLIX.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.83 | 0.84 % | |
| R2 | 8.81 | 0.575 % | ||
| R1 | 8.80 | 0.414 % | ||
| Current price: | 8.76 | |||
| Support | S1 | 8.75 | -0.109 % | |
| S2 | 8.74 | -0.271 % | ||
| S3 | 8.71 | -0.533 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.58 | 20.78 % | |
| R2 | 10.22 | 16.67 % | ||
| R1 | 8.80 | 0.457 % | ||
| Current price | 8.76 | |||
| Support | S1 | 8.72 | -0.457% | |
| S2 | 8.35 | -4.68% | ||
| S3 | 8.34 | -4.79% |
FAQ
Click here for our free guide on how to buy WALLIX GROUP SA Stock.
