ALPEK, S.A.B. de C.V. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
ALPEK, S.A.B. de C.V. stock price down 1.20% on Tuesday
(Updated on Jul 02, 2024)
The ALPEK, S.A.B. de C.V. stock price fell by -1.20% on the last day (Tuesday, 2nd Jul 2024) from $13.28 to $13.12. During the last trading day the stock fluctuated 2.68% from a day low at $13.04 to a day high of $13.39. The price has fallen in 6 of the last 10 days and is down by -8.12% for this period. Volume has increased on the last day by 512 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 819 thousand shares were bought and sold for approximately $10.74 million.
The stock has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $13.12. A reaction back to this level may hold a second chance to get out before further falls.
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ALPEKA.MX Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 0.768%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The ALPEK, S.A.B. de C.V. 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 $13.34 and $13.85. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A sell signal from a double top formation was found on Wednesday, June 05, 2024 with a target of $13.38. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for ALPEK, S.A.B. de C.V. stock
ALPEK, S.A.B. de C.V. finds support from accumulated volume at $13.02 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 $0.350 between high and low, or 2.68%. For the last week, the stock has had daily average volatility of 4.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALPEKA.MX) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect ALPEK, S.A.B. de C.V. to open at $13.18, and during the day (based on 14 day Average True Range), to move between $12.35 and $13.89, which gives a possible trading interval of +/-$0.766 (+/-5.84%) up or down from last closing price. If ALPEK, S.A.B. de C.V. takes out the full calculated possible swing range there will be an estimated 11.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.13 (0.08%) than the support at $13.02 (0.76%), 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 ALPEK, S.A.B. de C.V. stock A Buy?
The ALPEK, S.A.B. de C.V. stock holds several negative signals and despite the positive trend, we believe ALPEK, S.A.B. de C.V. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.514 Sell Candidate Unchanged
Predicted Opening Price for ALPEK, S.A.B. de C.V. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $13.18 ( 0.483%) | $13.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALPEKA.MX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.53 | 3.15% |
| R2 | 13.40 | 2.13% |
| R1 | 13.32 | 1.50% |
| Price | 13.12 | |
| S1 | 13.05 | -0.536% |
| S2 | 12.97 | -1.17% |
| S3 | 12.83 | -2.18% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.68 | 11.89% |
| R2 | 14.64 | 11.59% |
| R1 | 13.13 | 0.0762% |
| Price | 13.12 | |
| S1 | 13.02 | -0.762% |
| S2 | 12.73 | -2.97% |
| S3 | 12.71 | -3.12% |
ALPEKA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2023 | Mar 14, 2023 | Mar 14, 2023 | $0.0755 | 0.321% |
| 2 | Nov 07, 2022 | Nov 07, 2022 | Nov 07, 2022 | $0.0930 | 0.327% |
| 3 | Mar 10, 2022 | Mar 10, 2022 | Mar 10, 2022 | $0.0820 | 0.313% |
| 4 | Nov 08, 2021 | Nov 08, 2021 | Nov 08, 2021 | $0.0265 | 0.119% |
| 5 | Mar 31, 2021 | Mar 31, 2021 | Mar 31, 2021 | $0.0596 | 0.313% |
FAQ
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