Median Technologies SA Stock Forecast
A very red day for Median Technologies SA stock price after a -5.31% fall in the Tuesday trading session
(Updated on May 21, 2024)
The Median Technologies SA stock price fell by -5.31% on the last day (Tuesday, 21st May 2024) from 3.58€ to 3.39€. During the last trading day the stock fluctuated 5.60% from a day low at 3.39€ to a day high of 3.58€. The price has fallen in 6 of the last 10 days but is still up by 5.94% 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 -27 thousand shares and in total, 39 thousand shares were bought and sold for approximately 133.36€ thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.72% during the next 3 months and, with a 90% probability hold a price between 2.08€ and 3.56€ at the end of this 3-month period.
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ALMDT.PA Signals & Forecast
The Median Technologies 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 3.24€ and 3.09€. 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). 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 Friday, April 12, 2024, and so far it has fallen -12.40%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for Median Technologies SA stock
Median Technologies SA finds support from accumulated volume at 3.30€ 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 0.190€ between high and low, or 5.60%. For the last week the stock has had daily average volatility of 10.17%.
Our recommended stop-loss: 3.20€ (-5.54%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 30 days ago.)
Trading Expectations (ALMDT.PA) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Median Technologies SA to open at 3.45€, and during the day (based on 14 day Average True Range), to move between 3.11€ and 3.67€, which gives a possible trading interval of +/-0.277€ (+/-8.17%) up or down from last closing price. If Median Technologies SA takes out the full calculated possible swing range there will be an estimated 16.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 3.40€ (0.29%) than the support at 3.30€ (2.65%), 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 Median Technologies SA stock A Buy?
Median Technologies 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.865 Hold/Accumulate Downgraded
Predicted Opening Price for Median Technologies SA of Wednesday, May 22, 2024
Fair opening price May 22, 2024 | Current price |
---|---|
3.45€ ( 1.87%) | 3.39€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALMDT.PA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.64 | 7.47 % | |
R2 | 3.57 | 5.33 % | ||
R1 | 3.53 | 4.01 % | ||
Current price: | 3.39 | |||
Support | S1 | 3.38 | -0.273 % | |
S2 | 3.34 | -1.60 % | ||
S3 | 3.26 | -3.74 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.87 | 14.16 % | |
R2 | 3.53 | 4.13 % | ||
R1 | 3.40 | 0.295 % | ||
Current price | 3.39 | |||
Support | S1 | 3.30 | -2.65% | |
S2 | 3.00 | -11.50% | ||
S3 | 2.78 | -17.99% |
FAQ
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