Alstom SA Stock Forecast
Alstom SA stock price down 1.37% on Tuesday
(Updated on Jun 25, 2024)
The Alstom SA stock price fell by -1.37% on the last day (Tuesday, 25th Jun 2024) from 15.68€ to 15.46€. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.12% from a day low at 15.31€ to a day high of 15.63€. The price has fallen in 7 of the last 10 days and is down by -7.95% for this period. 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 -31 thousand shares and in total, 1 million shares were bought and sold for approximately 18.58€ million.
Given the current short-term trend, the stock is expected to rise 20.75% during the next 3 months and, with a 90% probability hold a price between 18.67€ and 25.30€ at the end of this 3-month period.
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ALO.PA Signals & Forecast
There are few to no technical positive signals at the moment. The Alstom 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 15.94€ and 17.42€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 27, 2024, and so far it has fallen -21.66%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Alstom SA stock
Alstom SA finds support from accumulated volume at 15.10€ 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 0.325€ between high and low, or 2.12%. For the last week, the stock has had daily average volatility of 4.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALO.PA) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Alstom SA to open at 15.47€, and during the day (based on 14 day Average True Range), to move between 14.73€ and 16.19€, which gives a possible trading interval of +/-0.731€ (+/-4.73%) up or down from last closing price. If Alstom SA takes out the full calculated possible swing range there will be an estimated 9.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 15.10€ (2.33%) than the resistance at 15.83€ (2.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Alstom SA stock A Buy?
The Alstom SA stock holds several negative signals and despite the positive trend, we believe Alstom SA will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.415 Sell Candidate Unchanged
Predicted Opening Price for Alstom SA of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
15.47€ ( 0.0323%) | 15.46€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALO.PA
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 15.79 | 2.13% |
R2 | 15.67 | 1.33% |
R1 | 15.59 | 0.84% |
Price | 15.46 | |
S1 | 15.34 | -0.771% |
S2 | 15.26 | -1.27% |
S3 | 15.14 | -2.07% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 17.99 | 16.36% |
R2 | 17.11 | 10.67% |
R1 | 15.83 | 2.36% |
Price | 15.46 | |
S1 | 15.10 | -2.33% |
S2 | 14.85 | -3.95% |
S3 | 13.88 | -10.25% |
ALO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 17, 2023 | Jul 17, 2023 | Jul 17, 2023 | 0.250€ | 0.99% |
2 | Jul 20, 2022 | Jul 20, 2022 | Jul 20, 2022 | 0.250€ | 1.14% |
3 | Aug 02, 2021 | Aug 02, 2021 | Aug 02, 2021 | 0.250€ | 0.754% |
4 | May 07, 2019 | Jul 15, 2019 | Jul 17, 2019 | 5.10€ | 15.43% |
5 | May 16, 2018 | Jul 20, 2018 | Jul 24, 2018 | 0.325€ | 0.97% |
FAQ
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