Prismaflex International, S.A. Stock Forecast
Red day on Friday for Prismaflex International, S.A. stock after losing 0%
(Updated on May 17, 2024)
No changes to the price of Prismaflex International, S.A. stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 0.752% from a day low at 6.65€ to a day high of 6.70€. The price has been going up and down for this period, and there has been a 3.08% gain for the last 2 weeks.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 6.72€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 22.90% during the next 3 months and, with a 90% probability hold a price between 7.36€ and 8.26€ at the end of this 3-month period.
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ALPRI.PA Signals & Forecast
The Prismaflex International, 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 6.69€ and 6.23€. A breakdown below any of these levels will issue sell signals. 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 Thursday, May 16, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Prismaflex International, S.A. stock
Prismaflex International, S.A. finds support from accumulated volume at 6.65€ 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.0500€ between high and low, or 0.752%. For the last week the stock has had daily average volatility of 0.756%.
Our recommended stop-loss: 6.46€ (-3.58%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (ALPRI.PA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Prismaflex International, S.A. to open at 6.68€, and during the day (based on 14 day Average True Range), to move between 6.49€ and 6.91€, which gives a possible trading interval of +/-0.215€ (+/-3.21%) up or down from last closing price. If Prismaflex International, S.A. takes out the full calculated possible swing range there will be an estimated 6.41% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 6.65€, some 0.0500€ (0.75%) from the current price of 6.70€, our system finds the risk reward attractive.
Is Prismaflex International, 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 Prismaflex International, S.A. stock to perform well in the short-term.
Current score: 2.330 Buy Candidate Unchanged
Predicted Opening Price for Prismaflex International, S.A. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 6.68€ ( 0.249%) | 6.70€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALPRI.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.73 | 0.498 % | |
| R2 | 6.71 | 0.212 % | ||
| R1 | 6.70 | 0.0363 % | ||
| Current price: | 6.70 | |||
| Support | S1 | 6.66 | -0.534 % | |
| S2 | 6.65 | -0.710 % | ||
| S3 | 6.63 | -1.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 6.70 | |||
| Support | S1 | 6.65 | -0.746% | |
| S2 | 5.82 | -13.13% | ||
| S3 | 5.80 | -13.43% |
ALPRI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 12, 2000 | Oct 16, 2000 | Oct 16, 2000 | 0.0610€ | 0.0660% |
FAQ
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